This is a corporate policy document designed to meet the standards of the Foreign Corrupt Practices Act, a provision of the Securities and Exchange Act of 1934. FCPA generally prohibits payments by companies and their representatives to foreign (i.e., non-U.S.) government and quasi-government officials to secure business.
The New Mexico Foreign Corrupt Practices Act (CPA) is a crucial piece of legislation designed to combat bribery and corruption in international business transactions. This corporate policy outlines guidelines and practices that companies operating in or with connections to New Mexico must adhere to in order to maintain compliance with the CPA. Key descriptions: 1. Overview: This section provides a comprehensive introduction to the New Mexico CPA Corporate Policy, explaining its purpose, scope, and principles. It also emphasizes the importance of ethical business conduct and anti-corruption measures. 2. Prohibited Activities: This segment details specific actions that are strictly forbidden under the New Mexico CPA. These include offering or giving bribes, kickbacks, or any form of improper payment to foreign officials, political parties, or candidates. The policy also covers facilitation payments and other forms of illegal conduct. 3. Compliance Procedures: This outlines the necessary steps companies must take to comply with the New Mexico CPA. It includes procedures for conducting due diligence on business associates, implementing adequate accounting systems, maintaining accurate records, and establishing appropriate internal controls to prevent corruption. 4. Training and Education: This section highlights the importance of ongoing training and education programs to ensure employees are aware of the CPA requirements and corporate policies. It may include information on the penalties for non-compliance and the potential reputational risks associated with bribery and corruption. 5. Reporting and Investigations: This segment details the process for reporting suspicious activities and potential violations of the New Mexico CPA. It encourages employees to come forward with any concerns they may have and guarantees protection against retaliation. It also outlines the company's commitment to conducting thorough investigations and cooperating with government authorities, if necessary. Different types of New Mexico CPA Corporate Policies: 1. General CPA Policy: This is the most common type, encompassing all companies operating in or connected to New Mexico that must comply with the CPA. 2. Industry-Specific CPA Policy: Certain industries, such as defense, energy, or telecommunications, may have specific policies tailored to address unique challenges they face in complying with the CPA. 3. Multinational Corporation CPA Policy: Large multinational corporations with operations spanning multiple countries may have more complex policies to address the intricacies of transnational bribery and corruption risks. 4. Subsidiary or Affiliate CPA Policy: If a company has subsidiaries or affiliates operating in New Mexico, they may need to have their own separate corporate policy, aligned with the parent company's overall CPA policy. In summary, the New Mexico Foreign Corrupt Practices Act — Corporate Policy serves as a crucial guideline for companies operating in or connected to New Mexico, outlining the measures needed to ensure compliance with the CPA and combat bribery and corruption. By implementing robust policies, conducting training programs, fostering a culture of integrity, and diligently investigating any potential violations, businesses can mitigate risks and protect their reputation in the global marketplace.The New Mexico Foreign Corrupt Practices Act (CPA) is a crucial piece of legislation designed to combat bribery and corruption in international business transactions. This corporate policy outlines guidelines and practices that companies operating in or with connections to New Mexico must adhere to in order to maintain compliance with the CPA. Key descriptions: 1. Overview: This section provides a comprehensive introduction to the New Mexico CPA Corporate Policy, explaining its purpose, scope, and principles. It also emphasizes the importance of ethical business conduct and anti-corruption measures. 2. Prohibited Activities: This segment details specific actions that are strictly forbidden under the New Mexico CPA. These include offering or giving bribes, kickbacks, or any form of improper payment to foreign officials, political parties, or candidates. The policy also covers facilitation payments and other forms of illegal conduct. 3. Compliance Procedures: This outlines the necessary steps companies must take to comply with the New Mexico CPA. It includes procedures for conducting due diligence on business associates, implementing adequate accounting systems, maintaining accurate records, and establishing appropriate internal controls to prevent corruption. 4. Training and Education: This section highlights the importance of ongoing training and education programs to ensure employees are aware of the CPA requirements and corporate policies. It may include information on the penalties for non-compliance and the potential reputational risks associated with bribery and corruption. 5. Reporting and Investigations: This segment details the process for reporting suspicious activities and potential violations of the New Mexico CPA. It encourages employees to come forward with any concerns they may have and guarantees protection against retaliation. It also outlines the company's commitment to conducting thorough investigations and cooperating with government authorities, if necessary. Different types of New Mexico CPA Corporate Policies: 1. General CPA Policy: This is the most common type, encompassing all companies operating in or connected to New Mexico that must comply with the CPA. 2. Industry-Specific CPA Policy: Certain industries, such as defense, energy, or telecommunications, may have specific policies tailored to address unique challenges they face in complying with the CPA. 3. Multinational Corporation CPA Policy: Large multinational corporations with operations spanning multiple countries may have more complex policies to address the intricacies of transnational bribery and corruption risks. 4. Subsidiary or Affiliate CPA Policy: If a company has subsidiaries or affiliates operating in New Mexico, they may need to have their own separate corporate policy, aligned with the parent company's overall CPA policy. In summary, the New Mexico Foreign Corrupt Practices Act — Corporate Policy serves as a crucial guideline for companies operating in or connected to New Mexico, outlining the measures needed to ensure compliance with the CPA and combat bribery and corruption. By implementing robust policies, conducting training programs, fostering a culture of integrity, and diligently investigating any potential violations, businesses can mitigate risks and protect their reputation in the global marketplace.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.
