Anti-corruption policy

Paximizer is committed to conducting business with integrity, transparency, and accountability. This policy outlines our zero-tolerance approach to corruption and the measures to prevent, detect, and report corrupt activities.

1. Policy Statement

Paximizer strictly prohibits bribery, kickbacks, facilitation payments, abuse of power, conflicts of interest, or any action intended to gain undue advantage. We adhere to all applicable anti-corruption laws and require employees, partners, and third parties to uphold ethical practices.

2. Scope & Prohibited Conduct

The following activities are expressly forbidden:

Bribery: Offering, giving, receiving, or soliciting anything of value to influence decisions.

Facilitation Payments: Illegal "grease payments" to expedite routine services.

Kickbacks: Secret commissions in exchange for business advantages.

Abuse of Power: Using Paximizer’s resources or influence for personal gain.

Conflicts of Interest: Undisclosed personal interests affecting business decisions.

3. Risk Management

3.1 Risk Assessments

Annual evaluations of high-risk areas (e.g., vendor relationships, international operations, digital transactions).

3.2 Due Diligence

Screen third parties (vendors, subcontractors, consultants) for red flags.

Include anti-corruption clauses in contracts.

3.3 Compliance Monitoring

Regular audits to ensure adherence to this policy and legal requirements.

Automated tools to flag suspicious financial activities.

4. Financial & Operational Controls

Transparent Processes: Document all transactions, approvals, and audits.

Segregation of Duties: Separate authorization, record-keeping, and oversight roles.

5. Employee Training & Awareness

Mandatory Training: All employees and managers must complete annual anti-corruption training.

Updates: Training materials are revised regularly to reflect legal changes and emerging risks.

6. Whistleblowing Mechanism

Secure Reporting: Concerns may be raised anonymously via:

Email: connect@paximizer.com

Non-Retaliation: Paximizer prohibits retaliation against good-faith whistleblowers.

Investigation Process: All reports are promptly investigated by an independent committee.

7. Consequences for Violations

Violations may result in:

Termination of employment or contracts.

Legal action and reporting to authorities.

Blacklisting of non-compliant third parties.

Disciplinary action for retaliation against whistleblowers.

8. Policy Governance

Annual Review: This policy is reviewed yearly and updated as needed.

Stakeholder Communication: Updates are shared with employees, partners, and third parties.

Compliance Audits: Results of audits are reported to the Board of Directors.

9. Report Concerns

Suspected violations must be reported immediately through:

Email: connect@paximizer.com

All reports are treated confidentially.