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.
King Washington Foreign Corrupt Practices Act — Corporate Policy is a crucial component of any organization's legal framework. This policy outlines the guidelines and measures that must be followed by employees and stakeholders to ensure compliance with the Foreign Corrupt Practices Act (CPA). The CPA is a United States federal law enacted in 1977 that aims to prohibit bribery and corrupt practices by companies while conducting business overseas. It applies to all companies that have securities listed on U.S. exchanges or conduct certain actions within U.S. territories. King Washington's CPA Corporate Policy serves as a comprehensive set of rules and procedures designed to prevent corruption, bribery, and unethical business practices in foreign jurisdictions. By adhering to this policy, King Washington ensures that its employees and associated parties maintain the highest standards of integrity, transparency, and legitimacy throughout their business operations abroad. Under the King Washington Foreign Corrupt Practices Act — Corporate Policy, various types of policies and guidelines can be identified, depending on the company's size, industry, and specific requirements. Some common types include: 1. Anti-Bribery Policy: This policy prohibits employees from offering, giving, or receiving bribes, kickbacks, or any other form of illegal payment to foreign officials or individuals with the intent to gain an unfair advantage. 2. Due Diligence Policy: This policy mandates thorough and diligent investigations into potential business partners, intermediaries, agents, and third-party service providers to ensure they meet King Washington's ethical standards and comply with the CPA. 3. Gifts and Entertainment Policy: This policy establishes guidelines for giving and receiving gifts, entertainment, or hospitality to and from foreign officials or business partners. It ensures that such offerings are within legal limits and do not create conflicts of interest. 4. Record-Keeping Policy: This policy requires accurate and transparent record-keeping of all transactions and financial activities related to international business operations. It ensures that financial documents are maintained according to legal standards and can be audited if required. 5. Training and Awareness Policy: This policy emphasizes the importance of CPA compliance training for all employees, executives, and individuals involved in international business affairs. It ensures that stakeholders have a clear understanding of the law, its implications, and their responsibilities. By implementing and continuously updating the King Washington Foreign Corrupt Practices Act — Corporate Policy, the company demonstrates a commitment to maintaining a culture of ethical behavior and avoids potential legal and reputational risks associated with CPA violations. This policy promotes fair competition, protects the company's reputation, and upholds its commitment to integrity and transparency in all foreign business dealings.King Washington Foreign Corrupt Practices Act — Corporate Policy is a crucial component of any organization's legal framework. This policy outlines the guidelines and measures that must be followed by employees and stakeholders to ensure compliance with the Foreign Corrupt Practices Act (CPA). The CPA is a United States federal law enacted in 1977 that aims to prohibit bribery and corrupt practices by companies while conducting business overseas. It applies to all companies that have securities listed on U.S. exchanges or conduct certain actions within U.S. territories. King Washington's CPA Corporate Policy serves as a comprehensive set of rules and procedures designed to prevent corruption, bribery, and unethical business practices in foreign jurisdictions. By adhering to this policy, King Washington ensures that its employees and associated parties maintain the highest standards of integrity, transparency, and legitimacy throughout their business operations abroad. Under the King Washington Foreign Corrupt Practices Act — Corporate Policy, various types of policies and guidelines can be identified, depending on the company's size, industry, and specific requirements. Some common types include: 1. Anti-Bribery Policy: This policy prohibits employees from offering, giving, or receiving bribes, kickbacks, or any other form of illegal payment to foreign officials or individuals with the intent to gain an unfair advantage. 2. Due Diligence Policy: This policy mandates thorough and diligent investigations into potential business partners, intermediaries, agents, and third-party service providers to ensure they meet King Washington's ethical standards and comply with the CPA. 3. Gifts and Entertainment Policy: This policy establishes guidelines for giving and receiving gifts, entertainment, or hospitality to and from foreign officials or business partners. It ensures that such offerings are within legal limits and do not create conflicts of interest. 4. Record-Keeping Policy: This policy requires accurate and transparent record-keeping of all transactions and financial activities related to international business operations. It ensures that financial documents are maintained according to legal standards and can be audited if required. 5. Training and Awareness Policy: This policy emphasizes the importance of CPA compliance training for all employees, executives, and individuals involved in international business affairs. It ensures that stakeholders have a clear understanding of the law, its implications, and their responsibilities. By implementing and continuously updating the King Washington Foreign Corrupt Practices Act — Corporate Policy, the company demonstrates a commitment to maintaining a culture of ethical behavior and avoids potential legal and reputational risks associated with CPA violations. This policy promotes fair competition, protects the company's reputation, and upholds its commitment to integrity and transparency in all foreign business dealings.
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.
