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The following principles are offered to all firms, wherever situated and whatever their lines of business. In addition, the principles are applicable to all business activities of the endorsing firms.
A
corporation endorsing the C2 Principles pledges: 1. To disclose publicly and make widely known its endorsement of the C2 Principles. 2. To establish a clearly articulated written policy prohibiting any of the firm's employees from paying or receiving bribes or "kickbacks." 3. To implement the policy with due care and take appropriate disciplinary action against any employee discovered to have made payments in violation of the policy. 4. To provide training for employees to carry out the policy, and to provide continuing support, such as help lines, to assist employees to act in compliance with the firm's policy. 5. To record all transactions fully and fairly, in accordance with clearly stated record-keeping procedures and accounting controls, and conduct internal audits to assure no improper payments are made. 6. To report annually on the firm's bribery and corruption policy, along with a description of the firm's experiences implementing and enforcing the policy. 7. To have the annual report in principle six audited either by an independent financial auditor or an independent social auditor, or both. 8. To require all agents of the firm to affirm that they have neither made nor will make any improper payments in any business venture or contract to which the firm is a party. 9. To require all suppliers of the firm to affirm that they have neither made nor will make any improper payments in any business venture or contract to which the firm is a party. 10. To establish a monitoring and auditing system to detect any improper payments made by the firm's employees and agents. 11. To report publicly any solicitations for payments, or report privately to a monitoring organization or a social auditor. 12. To establish a system to allow any employee or agent of the firm to report any improper payment without fear of retribution for their disclosures.
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