Anti Bribery and Corruption Policy Statement
Bribery and corruption is a criminal offence under the Bribery Act 2010 (the “Act”) and can be damaging to legitimate business interests. This has a detrimental impact on business by undermining good governance and distorting fair and open competition.
4-Thought Professional Services Limited (‘4TPS’) is committed to supporting the aims of the Act, acting ethically and with integrity in all our business dealings and relationships, implementing and enforcing effective systems and controls to ensure bribery and corruption is not taking place anywhere in our own business or those of our contractors or suppliers.
The purpose of this document is to set out 4TPS’s policy in relation to bribery and corruption, a policy that applies to all employees, directors, agents, consultants, contractors, customers and to any other people or bodies associated with 4TPS, irrespective of their location.
In essence 4TPS is committed to:
We conduct all our business in an honest and ethical manner and we want to ensure that all our associates and business partners do likewise.
4TPS is committed to applying the highest standards of ethical conduct and integrity in its business activities. Every employee and individual acting on the company's behalf is responsible for maintaining the company's reputation and for conducting business honestly and with complete professional integrity.
4TPS carries out all of our business activities in a transparent and ethical way and has zero tolerance in regard to any form of bribery or corruption, whether direct or indirect, by any of its directors, employees, officers, customers, agents, consultants, sub contactors or any persons or companies acting on our behalf.
Where necessary we are prepared to undertake due diligence on 3rd parties to ensure they operate to the highest ethical standards and that any actions undertaken by them will not compromise the company or damage our reputation by association.
The directors and senior management are committed to implementing and enforcing effective systems to prevent and eliminate bribery in accordance with the Act.
4TPS have issued an anti-bribery and corruption policy. This policy covers the receipt or giving of gifts and corporate hospitality and outlines the company's position in regard to preventing and prohibiting bribery and corruption. The policy applies to all employees and business associates.
A bribe is defined as a financial advantage or other reward offered, given, or received by an individual or company either directly or indirectly to induce or influence an individual or company to perform public or corporate functions or duties improperly.
Employees and others acting for, or on behalf of, 4TPS are strictly prohibited from making, soliciting or receiving bribes or unauthorised payments. As part of our anti-bribery measures, 4TPS only accepts transparent, proportionate, reasonable and bona fide hospitality and promotional expenditure, whether given or received.
A breach of the policy by any director or employee will be considered as an act of gross misconduct and may, if proven, result in summary dismissal. Directors, employees and other individuals acting for 4TPS are aware that bribery is a criminal offence that may result in a custodial sentence and personal fine as well as an unlimited fine for the company.
4TPS will not conduct business with suppliers, sub-contractors, agents or representatives that do not support appropriate anti-bribery and corruption policies as the success of 4TPS 's anti bribery and corruption measures depends on all employees, customers, sub-contractors and suppliers adhering to this policy.
The prevention, detection and reporting of bribery or corruption is the responsibility of all employees. If any employee becomes aware or suspects that an activity or conduct which is proposed or has taken place, is a bribe or corrupt, then they have a duty to report this.
All employees and others acting for, or on behalf of, 4TPS are encouraged to report any such incidence in accordance with the procedures set out in the policy or in the case of 3rd parties to a director or officer of the company.
We encourage whistle-blowers and we will unequivocally support any individual who, in good faith, contacts us to report any suspicious incidences of malpractice or wrongdoing regarding this policy. All such reports will always be treated in the strictest confidence.
4-Thought Professional Services Limited
Published 1st March 2018
Reconfirmed 1st March 2023