Precision-engineered biodegradable natural fibres for consistent, reliable performance.
Precision-engineered biodegradable natural fibres for consistent, reliable performance.
1.1 This Policy establishes the comprehensive framework through which Salike Limited (the “Company”) prevents, detects and responds to bribery, corruption and unethical conduct in all business activities.
1.2 The Company adopts a strict zero-tolerance approach to bribery and corruption and is committed to acting professionally, fairly and with integrity in all business dealings.
1.3 This Policy is designed to ensure compliance with the Bribery Act 2010 and any equivalent legislation in jurisdictions in which the Company operates.
1.4 The Company shall implement and maintain ‘adequate procedures’ to prevent bribery as required under UK law.
1.5 This Policy forms part of the Company’s Corporate Governance Framework and shall be read alongside all associated policies.
2.1 Bribery means offering, promising, giving, requesting or accepting any financial or other advantage with the intention of inducing or rewarding improper performance.
2.2 Improper performance refers to performance that breaches an expectation of good faith, impartiality or trust.
2.3 Facilitation payments are unofficial payments made to secure routine governmental actions and are strictly prohibited.
2.4 Foreign Public Official includes any person holding a legislative, administrative or judicial position outside the UK.
2.5 Associated persons include employees, agents, contractors, suppliers and any party acting on behalf of the Company.
3.1 This Policy applies to all employees, directors, contractors, consultants and associated persons.
3.2 It applies to all business activities including procurement, sales, logistics, site operations and international trade.
3.3 This Policy applies globally and where local law differs, the higher standard shall be applied where legally permissible.
4.1 Offering, promising or giving a bribe is strictly prohibited.
4.2 Requesting or accepting a bribe is strictly prohibited.
4.3 Facilitation payments are prohibited regardless of local custom.
4.4 Any attempt to conceal improper payments through false accounting or misleading records is prohibited.
4.5 Bribery conducted through third parties is treated as a direct liability risk to the Company.
5.1 Gifts and hospitality must be reasonable, proportionate and serve a legitimate business purpose.
5.2 Gifts exceeding £100 must be declared and approved by a Director.
5.3 Hospitality exceeding £250 per person must be declared and approved.
5.4 Cumulative value exceeding £500 annually from a single party requires Board approval.
5.5 Cash or cash equivalents are strictly prohibited.
5.6 All gifts and hospitality must be recorded within 5 working days.
5.7 Enhanced controls apply to public officials, requiring Director approval regardless of value.
5.8 Repeated or frequent gifts must be treated as high risk and escalated.
6.1 The Company shall conduct due diligence on all third parties.
6.2 Contracts must include anti-bribery clauses.
6.3 High-risk jurisdictions require enhanced due diligence.
6.4 The Company reserves the right to terminate relationships for non-compliance.
7.1 Accurate financial records must be maintained.
7.2 No off-book accounts are permitted.
7.3 All payments must be authorised and traceable.
7.4 Financial controls must prevent fraud and bribery.
8.1 The Company shall conduct periodic risk assessments.
8.2 Higher-risk operations shall require enhanced controls.
8.3 Red flags must be reported immediately.
9.1 Employees must report concerns immediately.
9.2 Confidential reporting channels shall be maintained.
9.3 Whistleblowers are protected from retaliation.
10.1 Reports shall be acknowledged promptly.
10.2 Initial assessment within 5 working days.
10.3 Formal investigation conducted by impartial personnel.
10.4 Evidence gathered and documented.
10.5 Findings reported to senior management or Board.
10.6 Appropriate corrective action implemented.
11.1 Breaches may result in disciplinary action.
11.2 Serious breaches may result in dismissal.
11.3 Contracts with third parties may be terminated.
11.4 Criminal conduct may be reported to authorities.
12.1 Mandatory training shall be provided.
12.2 Training records must be maintained.
13.1 The Board retains ultimate responsibility.
13.2 Compliance Officer oversees implementation.
13.3 Managers ensure compliance.
13.4 All personnel must comply.
14.1 Policy effectiveness shall be reviewed regularly.
14.2 Audits shall be conducted.
14.3 Updates shall be implemented.
15.1 This Policy shall be governed by the laws of England and Wales.