KMD POLICY ANTI-CORRUPTION POLICY 1. Purpose of this Policy The purpose of this Policy is to prevent corruption and public and private sector bribery (both bribing and being bribed) by directors, officers, employees and other associated persons of KMD A/S (the “Company”) in relation to the conduct of the Company’s business. 2. Definitions 2.1 Under this Policy, corruption and bribery means any act that is prohibited as corruption and bribery in the public and private sectors under applicable national anti-bribery laws (which will include, but may not be limited to, the laws, rules and regulations of Denmark and the laws, rules and regulations of the jurisdiction in which the relevant business is being conducted), the Foreign Corrupt Practices Act (FCPA) and the UK Bribery Act 2010. 2.2 The term “Corruption” is defined as any abuse of entrusted power for private gain. This covers several types of corruption such as bribery, return commission, fraud, extortion and nepotism. 2.3 The term “Bribery” includes but is not limited to offering, promising, giving, accepting or soliciting of a financial or other advantage, directly or indirectly, to a person in order to induce that person (or a third person) to perform a function or activity which is illegal, unethical or a breach of trust. A bribe may take the form of gifts, loans, fees, rewards or other advantages (taxes, services, donations, favours etc.). 2
Del
Print
Download PDF fil
