It is our policy to comply with all laws, rules and regulations governing anti bribery and corruption law, in all the countries in which we operate ("Anti-Corruption Policy"). We take our legal obligations in this area very seriously.
We believe it is a fundamental principle of good business practice to respect local laws and customs when operating internationally. However, as Hyve is incorporated in the United Kingdom (UK), we are bound by the laws of the UK, which governs our conduct both at home and abroad.
Under UK law:
- bribery and corruption is punishable for individuals by up to ten years imprisonment;
- if the company is found to have taken part in corruption it could face an unlimited fine, be excluded from tendering for Government contracts and face untold damage to its reputation;
- the offering or receiving of bribes, the making of facilitation payments, the bribery of a foreign public official, and the failure to prevent a bribe being paid on an organisation’s behalf are offences.
We are required to keep financial records and to have appropriate internal controls in place which will evidence the business reason for making payments to third parties.
We have an Anti-Corruption Policy in place providing guidance to our employees of their obligations under UK Law and any employee who breaches this Anti-Corruption Policy will face disciplinary action, which could result in dismissal for misconduct or gross misconduct. We may terminate our relationship with other individuals and organisations working on our behalf if they breach this Anti-Corruption Policy.
The prevention, detection and reporting of bribery and corruption is the responsibility of all of our employees. Hyve has implemented an internal Whistle-blowing Policy to provide a channel of communication for employees to report confidentially, any suspicion of bribery or corrupt practice.
If anyone is in doubt as to whether a potential act constitutes bribery/corruption, the matter should be referred to a member of our leadership team.
If you are an external party and wish to raise any concerns, please contact our us using this dedicated portal and a representative of Hyve will follow-up any matters raised in confidence.
Our Chief Executive Officer has lead responsibility for policy implementation within the Group and this policy is signed by the CEO to demonstrate the leadership team's commitment.