Anti-Corruption and Bribery

In addition to a comprehensive Procurement Policy approved by the NiQuan Energy Board of Directors and which Policy includes provisions and procedures pertaining to the tendering process for the procurement of goods and/or services, there is a robust compliance programme and culture within NiQuan Energy which has Board oversight and scrutiny. 

As part of that robust compliance programme, NiQuan Energy requires full compliance with all the applicable principles and provisions of the US Foreign Corrupt Practices Act 1977 (FCPA), the UK Bribery Act 2010 (UKBA) and similar legislation by all of its employees, consultants, distributors, customers, competitors, contractors, suppliers, counter-parties, regulators, government and public officials, and all other stakeholders.

In addition, NiQuan Energy has in force written Conduct of Conduct and Business Ethics, and Whistleblowing Policies to support its strong compliance culture.

Finally, in relation to any procurement of goods and/or services, NiQuan Energy will contractually require each party to undertake that, at the date of the entering into force of the contract, itself, its directors, officers or employees have not offered, promised, given, authorized, solicited or accepted any undue pecuniary or other advantage of any kind (or implied that they will or might do any such thing at any time in the future) in any way connected with the contract and that it has taken reasonable measures to prevent subcontractors, agents or any other third parties, subject to its control or determining influence, from doing so.