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.
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.
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.
Annual evaluations of high-risk areas (e.g., vendor relationships, international operations, digital transactions).
Screen third parties (vendors, subcontractors, consultants) for red flags.
Include anti-corruption clauses in contracts.
Regular audits to ensure adherence to this policy and legal requirements.
Automated tools to flag suspicious financial activities.
Transparent Processes: Document all transactions, approvals, and audits.
Segregation of Duties: Separate authorization, record-keeping, and oversight roles.
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.
Secure Reporting: Concerns may be raised anonymously via:
Email: [email protected]
Non-Retaliation: Paximizer prohibits retaliation against good-faith whistleblowers.
Investigation Process: All reports are promptly investigated by an independent committee.
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.
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.
Suspected violations must be reported immediately through:
Email: [email protected]
All reports are treated confidentially.