FOZ One is committed to operating its business with ethics, integrity and in compliance with all applicable laws and regulations. Dealing honestly and fairly with others and doing our best to make the right choices will help us achieve our business goals and maintain a great working environment.
Compliance with Applicable Laws, Rules and Regulations
It is the Group’s policy to comply with all governmental laws, rules, and regulations applicable to its business.
Compliance with the Group’s Policies and Procedures
All employees are expected to know, understand, and comply with the Group’s policies and procedures.
Prohibition of Improper Payments
No bribes, kickbacks, or other similar remuneration or consideration shall be given to any person or organization in order to attract or influence business activity.
The term “kickback” includes any money, fee, commission, credit, gift, services, gratuity, thing of value, or compensation of any kind that is provided directly or indirectly to anyone for the purpose of improperly obtaining or rewarding favorable treatment in connection with a project or contract.
Employment Practices
FOZ One observes fair employment practices in every aspect of its business. Employees must comply with all applicable labour and employment laws, as well as employment agreements entered into between the Group and its employees.
Conflicts of Interest
FOZ One expects each employee to use his or her best efforts to discharge duties in an honest and upright manner. This requires employees to avoid conflicts of interest between their personal interests and the interests of the Group.
A conflict of interest occurs when an employee’s private interest interferes, or appears to interfere, in any way with the interests of the Group as a whole. Employees should actively avoid any private interest that may influence their ability to act in the Group’s best interests or hinder their ability to perform work objectively and effectively.
Gifts, Services and Entertainment
No employee may receive kickbacks, bribes, secret commissions, or any other personal benefits. No employee or his or her family members shall receive gifts, services, touring arrangements, or entertainment that may affect judgment in fulfilling obligations to the Group.
Procurement of Goods and Services
FOZ One guarantees fair dealings with suppliers and selects suppliers through a fair and transparent evaluation process. No employee shall discriminate against or deceive any supplier.
Decisions to select suppliers shall be based on price, service, quality, and reputation, taking into consideration the Group’s long-term commercial interests.
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