The Bribery Act 2010
Paragon Interiors Group Plc. complies in the strictest manner possible with the Bribery Act 2010. It is our company’s policy to carry out business in a transparent, honest and ethical way.
We are committed to taking a zero-tolerance stand on bribery and corruption and have a culture of nurturing professional relationships in every business dealing with undertake. We also make it a matter of course to introduce strict and effective counter-bribery systems into every aspect of our work.
Paragon proactively lobbies for the implementation off free and fair competition throughout the office design, fit-out and construction sector and have embraced the introduction of additional, improved legislation to eradicate unethical business practices.
The Bribery Act was given Royal Assent in April 2010 and came into force on 1st July 2011. The Act makes it an offence for a UK citizen or resident to pay or receive a bribe, either directly or indirectly. The Act provides for transactions that take place in the UK and abroad, and both in the public and private sectors.
Companies and partnerships can also commit an offence where a bribe has been paid on their behalf by an associate. Associates include employees, agents and other persons providing services on behalf of the corporate entity. However, it is a defence to have adequate procedures in place to prevent bribery. Failure to comply with the Act can lead to up to ten years in prison.
Paragon Interiors Group Plc. will not make illegal payments to any individual or organisations it is involved in with projects in order to gain unfair advantage. We actively encourage our clients to secure written assurances from all parties involved with the scheme they are working on.