Policy on Bribery and Corruption

Hobark International, Limited places a high value on ethical behavior. For this reason, we have recently revised Hobark’s Anti-Bribery Policy and Procedures, attached to this message. Corruption can threaten Hobark’s business by damaging our reputation and exposing the Company, and individual employees, to significant fines, penalties and even jail time. As a Hobark employee you are representing our Company to the world. As such, all Hobark employees should strive for the highest ethical business standards and feel proud of our Company. All Hobark employees are responsible for acting with integrity at all times, and complying with all applicable anti-corruption laws and Hobark’s Anti-Bribery Policy and Procedures. Hobark has a zero tolerance on corruption and bribery, and any employees found in violation of anti-corruption laws, or Hobark’s Anti-Bribery Policy and Procedures, will be dismissed.
Hobark’s management is committed to sending a clear message to all employees, and all of our business partners, that corruption and bribery will not be tolerated. Our Anti-Bribery Policy and Procedures extend to all Hobark employees, and everyone we do business with, including agents, suppliers, distributors, consultants and any other third party acting on Hobark’s behalf.

Hobark’s Anti-Bribery Policy and Procedures outline permissible and non-permissible behavior to ensure compliance with anti-corruption laws, including the U.S. Foreign Corrupt Practices Act (FCPA) and the UK Bribery Act. In particular, Hobark’s Anti-Bribery Policy and Procedures prohibit all Hobark officers, directors, employees, agents or other parties we do business with, from:

Offering, promising, giving, or authorization of the giving of anything of value;

  • To a Government Official or a private sector individual;
  • For an improper or corrupt purpose;
  • To obtain or retain business, or other improper advantage.

In addition, Company officers, directors, employees and agents, and any others acting on our behalf, or for our benefit, shall not request, agree to receive, or accept payment or any inducement to improperly perform any service, activity or function for the Company. Violations will be subject to appropriate disciplinary action up to and including termination in addition to the legal consequences of applicable laws.

All Hobark Company directors, officers, and employees must read and comply with Hobark’s Anti-Bribery Policy and Procedures and are expected to obtain assistance and guidance from the Human Resources Department if they have any questions about these Anti-Bribery Policy and Procedures.

Questions or How to Raise a Concern
If you want to ask a question about Hobark’s Anti-Bribery Policy and Procedures, or are concerned that a bribery violation is occurring or has occurred, report it immediately to one of the following:

  • Your Manager
  • Hobark’s Human Resources Department