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.