IPM - Anti-Bribery & Corruption Policy

Bribery occurs when you offer, pay, seek or accept a payment, gift or favour to influence a business outcome improperly. Bribery and corruption – whether involving government officials, or commercial entities, including joint ventures – can be direct or indirect through third parties like agents and joint venture partners.

It includes facilitation payments even though in some country’s facilitation payments are legal. Even turning a blind eye to your suspicions of bribery and corruption can result in liability for IPM and for you personally.

The Principles

PROHIBIT the Company and any person or entity acting on IPM’s behalf from offering, promising, paying or authorising the payment, directly or indirectly, of anything of value (such as a bribe or kickback) to influence a business outcome or to gain any business advantage.

REQUIRE the Company and its employees to maintain accurate entries of all transactions in its books and records that properly reflect the nature of all payments, and maintain an adequate system of internal controls designed to detect and prevent improper payments (such as bribes and kickbacks).

UNDERSTAND and ensure the people that you work with understand that bribery and corruption is unacceptable.

INFORM IPM management if you suspect or know of corruption in IPM or in any party (company or individual) that IPM does business with.

Your Responsibility as an Employee of IPM

You must never offer, pay, make, seek or accept a personal payment, gift or favour in return for favourable treatment or to gain any business advantage or influence a business outcome. You must follow the anti-bribery and corruption laws that we are subject to, both those of the countries we are operating in and those which apply outside the country whose laws they are. (for example, the UK and US).

You are liable to disciplinary action, dismissal, legal proceedings and possibly imprisonment if you are involved in bribery and corruption.