Anti-Bribery and Corruption Policy

Quantech Solutions Company - Anti-Bribery and Corruption Policy

Policy Coverage

The policy sets out Quantech Solutions Company’s zero-tolerance stance on bribery and corruption. It applies to all employees, management, contractors, and third parties working with the company.

Policy Statement

Quantech Solutions is committed to maintaining the highest ethical standards in business operations. The company strictly prohibits any form of bribery or corruption in local and international dealings.

Scope of Coverage

The policy covers:

• All employees at every level.
• Agents, suppliers, consultants, subcontractors, and partners.
• Anyone acting on behalf of Quantech Solutions.

Definition of Bribery

Bribery is defined as offering, giving, receiving, or soliciting anything of value to improperly influence business outcomes.

Acceptable vs. Unacceptable Practices

Gifts & Hospitality: Allowed only if modest, reasonable, and transparent.

• Facilitation Payments & Kickbacks: Strictly prohibited.
• Political Contributions: Not permitted on behalf of the company.
• Charitable Contributions: Permitted if transparent and not intended to secure business advantage.

Employee Responsibilities

Employees must:

• Avoid bribery and corruption.
• Report any suspicious activity.
• Keep accurate records of business transactions.

Raising Concerns

Employees can raise concerns confidentially through designated reporting channels. The company ensures protection against retaliation for whistleblowers.

Training & Communication

Regular training sessions and clear communication are provided to ensure all employees understand their obligations.

Record-Keeping

All business dealings must be transparent and accurately recorded, ensuring compliance with legal and regulatory requirements.

Monitoring & Review

The policy is monitored continuously and reviewed regularly to ensure effectiveness, in line with Saudi regulations and international anti-corruption standards.