Anti-Bribery and Anti-Corruption Policy

 

Our aim

To reiterate Company’s commitment to comply with regulations that prevent and combat corruption, along with the development of principles contained in the Code of Ethics and Business Conduct and expand compliance not only to all employees of GeoMar, whether directly or indirectly managed by GeoMar, but also to our business partners.

 

Our commitments

Company rejects all forms of corruption and will apply a zero-tolerance approach in respect to any breach of this policy. To prevent corruption, Company will perform all its operations in accordance with the applicable laws in all areas of activity, in the country which we operate, respecting their spirit and purpose.

Accordingly, Company will:

  • Not exert any influence on the will or objectiveness of persons in order to obtain a benefit or rewards through practices that are unethical or contrary to applicable laws.

  • Not give, promise or offer, directly or indirectly, anything of value to any person or entity in order to obtain undue benefits for the Company.

  • Not allow any facilitating payments.

  • Not finance or support directly or indirectly any political party or its representatives or candidates.

  • Not use donations to conceal undue payments.

  • Not request or unduly receive, directly or indirectly, commissions, payments or rewards from third parties as a result of investments, divestments, financing or expenditure made by the Company.

  • Pay special attention to those cases where there appears to be lack of integrity with any person or entity with whom we deal with, to ensure that GeoMar establishes business relationships only with qualified and reputable persons or entities.

  • Accurately record all financial transactions in the Company’s books and records.

  • Promote internal training on preventing and combating corruption. Employees that have evidence, questions or suspicions regarding any form of corruption must report immediately to their supervisor, or to the Company HR Officer.

 

Summary

Company will not tolerate any retaliation against anyone who in good faith asks questions or makes a report of actions that may be inconsistent with this policy. Employees who act contrary to this policy are subject to discipline, which could include termination as well as possible legal proceedings and penalties. Legal consequences imposed under anti-corruption laws can also have a serious impact for both employees and Company.