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Legislation aimed at making it easier to prosecute companies making and receiving corrupt payments came into effect on 1 July 2011.

The Bribery Act overhauls existing laws dating back to 1889 and creates offences that carry prison terms of up to 10 years and unlimited fines. It makes it illegal to offer or receive bribes and to fail to prevent bribery. Both British and foreign companies are covered, provided they have some operations in the UK. The act also applies to individuals.

GreenSquare's policy statement on anti-bribery and corruption is as follows:

As a Registered Provider and a charity, GreenSquare Group Ltd and its Group Members (the Group):

• Oakus Estates Limited (Oakus)
• Oxford Citizens Housing Association Limited (OCHA)
• Tidestone Limited (Tidestone)
• Westlea Housing Association Limited (Westlea)

is committed to eliminating corruption and bribery and achieving the highest standards of good governance in all its activities.

The Group wishes to carry out its business transparently and fairly and therefore operates a zero-tolerance policy towards bribery and corruption by its board members, employees. contractors, agents, and other associated persons. We will carry out due diligence checks on those supplying services for us. If fraud, bribery, or corruption are uncovered, we will cease working with the supplier and report any findings to the Police. Incidences of bribery or corruption could lead to the Group’s reputation being damaged and also lead to deterioration in its relationship with its residents, customers, business colleagues, and other stakeholders.

The conduct of employees, board members, contractors, agents, and other associated persons can lead to prosecutions being brought against the Group and can impact directly on the Group’s public reputation.

GreenSquare is committed to avoiding working with other organisations or individuals who do not commit to doing business without bribery and corruption. We will carry out due diligence checks on those supplying services for us.

A full copy of the policy is available here.

[published online 4/7/11]