Preview

Anti Corruption And Bribery Policy

Powerful Essays
Open Document
Open Document
3142 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Anti Corruption And Bribery Policy
Anti-Corruption and Bribery Policy
HR-PO719, | 1.0

Sharda Centre, Off Karve Road, Erandwane,
Pune, Maharashtra, India 411004

www.techmahindra.com

Copyright © 2013, Tech Mahindra. All rights reserved.

Company-Confidential

ANTI-CORRUPTION AND BRIBERY POLICY

Table of Contents

1.

POLICY STATEMENT .................................................................................................................. 3

2.

APPLICABILITY ............................................................................................................................ 3

3.

DEFINITION .................................................................................................................................. 3

4.

GIFTS AND HOSPITALITY .......................................................................................................... 3

5.

WHAT IS NOT ACCEPTABLE...................................................................................................... 4

6.

FACILITATION PAYMENTS AND KICKBACKS .......................................................................... 4

7.

DONATIONS ................................................................................................................................. 5

8.

RESPONSIBILITIES OF ASSOCIATES ....................................................................................... 5

9.

RECORD KEEPING ..................................................................................................................... 5

10.

RAISING A CONCERN/COMPLAINT........................................................................................... 5

11.

WHAT TO DO IF YOU ARE A VICTIM OF BRIBERY OR CORRUPTION .................................. 6

12.

PROTECTION............................................................................................................................... 6

13.

TRAINING AND COMMUNICATION

You May Also Find These Documents Helpful

  • Best Essays

    POL128 Essay

    • 1885 Words
    • 6 Pages

    Dosanjh, Ujjal. "Resolution 2015: Let 's Build A Corruption Free India." Midweek Jan. 2015: n. pag. Print.…

    • 1885 Words
    • 6 Pages
    Best Essays
  • Good Essays

    2. Searcey, D. (2009). U.S. Cracks Down on Corporate Bribes. The Wall Street Journal. Retrieved from http://online.wsj.com/article/SB124329477230952689.html…

    • 701 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    gain”1. This suggests that corruption is in abundance when there are conditions that allow for…

    • 2095 Words
    • 7 Pages
    Powerful Essays
  • Powerful Essays

    Navigating the boundaries between right and wrong can prove tricky for companies that operate in several nations and across cultures. Ethics is essential to economic development. The field of ethics, also called moral philosophy, involves systematizing, defending, and recommending concepts of right and wrong behavior. Business ethics is the study and evaluation of decision making by businesses according to moral concepts and judgments. Ethical questions range from practical, narrowly defined issues, such as a company 's obligation to be honest with its customers, to broader social and philosophical questions, such as a company 's responsibility to preserve the environment and protect employee rights. Many ethical conflicts develop from conflicts between the differing interests of company owners and their workers, customers, and surrounding community.…

    • 2838 Words
    • 10 Pages
    Powerful Essays
  • Satisfactory Essays

    Besides, the corruption in india has threaten the not only foreign investor , it’s also include the domestic investor. For example, the misallocation of mobile phone license, the misappropriate of apartments meant for war windows, and the selling of parliamentary votes in the 2008 no-confidence vote. The poor response of government has losing the reputation and even stopped the foreign and domestic investors to invest in india market. To achieve double digit growth , anti corruption department must be establish strongly and rapidly .…

    • 262 Words
    • 1 Page
    Satisfactory Essays
  • Satisfactory Essays

    Companies and governments can carry out different strategies to fight corruption and unethical activities. Education has an important role, it is essential to teach about corruption, to increase awareness of it in all of its ways and to train people from common employees to businesspeople with the tools to attack it. Corruption and bribery need to be prosecuted and whistleblowers need to be protected. Effective evaluation systems are required to know if commitments and goals are being met. Organizations must publish their operations, profits, investments and demonstrate transparency in their business. Governments must impose international anti-bribery laws and conventions to promote an honest operating environment. This will help to guarantee accountability worldwide.…

    • 368 Words
    • 2 Pages
    Satisfactory Essays
  • Best Essays

    Bribery & Corruption

    • 2086 Words
    • 9 Pages

    References: 1. Andrew, T. (2011). Enforcing enforcement: Is the OECD anti-bribery convention’s peer review effective? Retrieved November 2, 2012 from http://search.proquest.com.ezproxy.lib.ryerson.ca/docview/922467501…

    • 2086 Words
    • 9 Pages
    Best Essays
  • Better Essays

    Bribery – the Dilemma

    • 1704 Words
    • 7 Pages

    Everyday U.S. managers in developing countries face the dilemma of furthering their business concerns in countries such as India, China, Russia and Mexico where bribery is commonplace while at the same time trying to ensure that they do not violate their companies code of conduct or worse the government’s Foreign Corrupt Practices Act (FCPA). It is a fine line they walk. This paper will help those managers by explaining what bribery is, why it is thought to be an issue, show recently where companies have bribed and been caught as well as offer suggestions that will enable the U.S. manager in Mexico to accomplish what bribery accomplishes but is not unethical or illegal or in violation of a company policy that prohibits bribery.…

    • 1704 Words
    • 7 Pages
    Better Essays
  • Powerful Essays

    Doig, A., & McIvor, S. (2003). The national integrity system: assessing corruption and reform. Public Administration and Development, Vol.23, issue , pp.317–332.…

    • 4422 Words
    • 18 Pages
    Powerful Essays
  • Better Essays

    Although corruption is not a new phenomenon, in recent years, corruption has become a major issue in developing countries; it is also widespread and part of everyday life. Not only that, corruption has become a serious obstacle in the development process of developing countries. Because of corruption good governance can be weakened, public policy can be misrepresented and it can also lead to misallocation of resources and harm the economic development (Bardhan, 1997; Rose-Ackerman, 1999, as cited in Siddiquee, 2009). Furthermore, Otusanya (2012) points out that “corruption has been a critical obstacle for social development in a number of countries because of the devastating effect the deprivation of funds has had on them”. In addition, many believe that most anti-corruption strategies in developing countries are failing and even with the anti-corruption strategies the corruption level remains high. Heeks and Mathisen (2012) believe that “anti-corruption is competitive: if successful it will create losers, and the corrupt tend to fight back” (p. 535). However, there are also a few countries known as successful examples in fighting corruption. This essay will show how effective is the anti-corruption strategies in developing countries by using Malaysia, Ghana, Hong Kong and Singapore as an examples.…

    • 1526 Words
    • 5 Pages
    Better Essays
  • Powerful Essays

    The purpose of this report is to highlight unethical practices involved in one of the well-known scams in India - The Adarsh Housing Society Scam. This society is a cooperative society in Mumbai and the scam dates back to February 2002. At that time, a request was made to the then Chief Minister of Maharashtra for allotment of land in Colaba area of Mumbai for the construction of this housing society. Colaba is one of the most posh areas in Mumbai having Nariman Point in its vicinity. The welfare of serving and retired personnel of the Defence Services was the main motive behind the allotment. But over a period of 10 years, some bureaucrats, military officers and politicians went ahead to mould the rules in their favour, so as to get the flats allotted to them at much lowered prices. The Comptroller and Auditor General of India 2011 report to the President pointed out ‘The episode of Adarsh Co-operative Housing Society reveals how a group of select officials, placed in key posts, could subvert rules and regulations in order to grab prime government land- a public property- for personal benefit.’ The allegations against the three former Chief Ministers of Maharashtra, Sushil Kumar Shinde, the late Vilasrao Deshmukh and Ashok Chavan are still in process by the Central Bureau of Investigation (CBI), Income tax (IT) department and Enforcement Directorate (ED).…

    • 1844 Words
    • 5 Pages
    Powerful Essays
  • Powerful Essays

    General Clauses Act, 1897, anything done or any action taken or purported to have been done or taken under or in pursuance of the Acts so…

    • 5311 Words
    • 22 Pages
    Powerful Essays
  • Good Essays

    to tell that this is wrong. Respect one another and respect the infrastructure. Building supportive organisations like “POWA”. Question 5 People must refuse to pay and to receive bribery. Corruption need to be prevented before it even exist. We need to learn from other neighbouring countries that have lowest crime statistics, how they manage their system. We need to change our laws, bring back death sentence so…

    • 815 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Corruption in India

    • 1833 Words
    • 8 Pages

    The economy of India was under socialist-inspired policies for an entire generation from the 1950s until the 1980s. The economy was subject to extensive regulation, protectionism, and public ownership, leading to pervasive corruption and slow growth.[1][2][3][4] License Raj was often at the core of corruption.…

    • 1833 Words
    • 8 Pages
    Good Essays
  • Powerful Essays

    PREVENTION OF CORRUPTION ACT (CHAPTER 241) Short title. 1. This Act may be cited as the Prevention of Corruption Act. Interpretation. 2. In this Act, unless the context otherwise requires — "agent" means any person employed by or acting for another, and includes a trustee, administrator and executor, and a person serving the Government or under any corporation or public body, and for the purposes of section 8 includes a subcontractor and any person employed by or acting for such subcontractor; "Director" means the Director of the Corrupt Practices Investigation Bureau appointed under section 3; "gratification" includes — (a) money or any gift, loan, fee, reward, commission, valuable security or other property or interest in property of any description, whether movable or immovable; (b) any office, employment or contract; (c) any payment, release, discharge or liquidation of any loan, obligation or other liability whatsoever, whether in whole or in part; (d) any other service, favour or advantage of any description whatsoever, including protection from any penalty or disability incurred or apprehended or from any action or proceedings of a disciplinary or penal nature, whether or not already instituted, and including the exercise or the forbearance from the exercise of any right or any official power or duty; and (e) any offer, undertaking or promise of any gratification within the meaning of paragraphs (a), (b), (c) and (d); "principal" includes an employer, a beneficiary under a trust, and a trust estate as though it were a person and any person beneficially interested in the estate of a deceased person and the estate of a deceased person as though the estate were a person, and in the case of a person serving the Government or a public body includes the Government or the public body, as the case may be; "public body" means any corporation, board, council, commissioners or other body which has power to act under and for the purposes of any written law relating to…

    • 5173 Words
    • 21 Pages
    Powerful Essays