- We only offer, provide or accept gifts, hospitality or anything else of value when there is a genuine business purpose, it is in the ordinary course of business and of a reasonable value.
- We prohibit bribery of anyone, including those who can provide an improper advantage, including government officials, persons working in the private sector, trade union leaders and company employees.
- We also prohibit improperly influencing an individual indirectly by offering or providing anything of value to:
- their spouses, partners or relatives;
- their close friends, associates or business partners;
- a company in which the individual has a direct or indirect ownership interest; and
- an organization with which the individual is associated (e.g. a charity).
- We do not solicit gifts, hospitality or anything else of value in exchange for a decision favoring the provider.
- We do not accept gifts, hospitality or anything else of value if it could affect, or be seen to affect our business judgment.
- We adequately identify any gift or hospitality that we provide, along with the identity of the recipient in our business expense claims and provide appropriate supporting documentation.
Our Code Principles in Action
In accordance with the Gifts & Hospitality Policy you must not:
- provide or accept gifts of cash, cash equivalents or loans of any value;
- offer or provide anything of value that the recipient is not permitted to accept under his or her employer’s policy or local law;
- offer anything of value (other than working meals of a modest value) to a decision maker who is evaluating an application or proposal involving Albemarle (e.g. to a government official during a license or permit process or during a tender when the customer is a state-owned or controlled enterprise); or
- solicit anything of value in exchange for a decision favoring the provider.
When offering or providing anything of value:
- follow the Code (Traveling on Business) if it involves the provision of transportation or accommodation, and book any travel using the authorized travel office; and
- Submit a detailed and accurate expense claim in accordance with this Code (Managing Your Business Expenses) clearly identifying the recipients, the recipient’s organization and title and provide all supporting receipts, related invoices and evidence of any required pre-approvals.
Are You Thinking of Offering or Accepting Anything of Value?
The offer, provision or receipt of anything of value should be for a legitimate business purpose (for example, not to a government employee evaluating an Albemarle submission during a licensing, permitting or tendering process), in the ordinary course of business and of a reasonable, and not extravagant, value.