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 Harris Texas Foreign Corrupt Practices Act (CPA) Corporate Policy is a comprehensive set of guidelines and protocols established by Harris Texas, a company operating in Texas, to ensure compliance with the Foreign Corrupt Practices Act. The CPA is a United States federal law that prohibits the bribery of foreign officials, requires accurate record-keeping, and enforces internal controls for companies doing business abroad. The Harris Texas CPA Corporate Policy aligns with these obligations, aiming to promote ethical business practices, maintain integrity, and avoid legal penalties or reputational damage. Key components of the Harris Texas CPA Corporate Policy include: 1. Bribery Prohibition: The policy strictly prohibits any form of bribery, whether direct or indirect, including offering gifts, money, or favors to foreign officials in exchange for business advantages. Harris Texas emphasizes that all business transactions should be conducted on a fair and level playing field. 2. Accurate Record-Keeping: The CPA requires companies to maintain accurate books and records. Harris Texas outlines specific guidelines regarding the documentation and recording of all financial transactions, expenditures, and interactions with foreign officials. 3. Internal Controls: The policy establishes robust internal controls to prevent and detect any potential CPA violations. These controls may include segregation of duties, regular audits, risk assessments, and whistleblowing mechanisms to encourage reporting of any potential misconduct. 4. Due Diligence: Harris Texas emphasizes conducting thorough due diligence on potential business partners, agents, and intermediaries before engaging in any business relationships. This helps reduce the risk of involvement with individuals or entities engaged in corrupt practices. 5. Training and Awareness: The policy emphasizes the importance of training all employees, stakeholders, and third-party associates on the CPA requirements, Harris Texas policies, and relevant local laws. Regular training programs and knowledge dissemination initiatives are conducted to foster a culture of compliance throughout the organization. 6. Reporting and Investigations: The policy outlines the reporting procedures and mechanisms to ensure that any potential CPA violations or suspicions are promptly reported to the appropriate internal channels. Harris Texas commits to conducting thorough investigations and taking necessary disciplinary or corrective actions in response to any violation. It is important to note that different types of Harris Texas CPA Corporate Policies may exist based on various factors such as the size of the company, the nature of operations, or specific industry regulations. These policies may contain additional provisions tailored to address sector-specific compliance risks and challenges. In conclusion, the Harris Texas CPA Corporate Policy is an essential framework designed to guide the conduct of all employees and associated individuals in complying with the CPA regulations. By adhering to this policy, Harris Texas aims to maintain its commitment to ethical business practices, protect its reputation, and uphold legal requirements in all its international operations.The Harris Texas Foreign Corrupt Practices Act (CPA) Corporate Policy is a comprehensive set of guidelines and protocols established by Harris Texas, a company operating in Texas, to ensure compliance with the Foreign Corrupt Practices Act. The CPA is a United States federal law that prohibits the bribery of foreign officials, requires accurate record-keeping, and enforces internal controls for companies doing business abroad. The Harris Texas CPA Corporate Policy aligns with these obligations, aiming to promote ethical business practices, maintain integrity, and avoid legal penalties or reputational damage. Key components of the Harris Texas CPA Corporate Policy include: 1. Bribery Prohibition: The policy strictly prohibits any form of bribery, whether direct or indirect, including offering gifts, money, or favors to foreign officials in exchange for business advantages. Harris Texas emphasizes that all business transactions should be conducted on a fair and level playing field. 2. Accurate Record-Keeping: The CPA requires companies to maintain accurate books and records. Harris Texas outlines specific guidelines regarding the documentation and recording of all financial transactions, expenditures, and interactions with foreign officials. 3. Internal Controls: The policy establishes robust internal controls to prevent and detect any potential CPA violations. These controls may include segregation of duties, regular audits, risk assessments, and whistleblowing mechanisms to encourage reporting of any potential misconduct. 4. Due Diligence: Harris Texas emphasizes conducting thorough due diligence on potential business partners, agents, and intermediaries before engaging in any business relationships. This helps reduce the risk of involvement with individuals or entities engaged in corrupt practices. 5. Training and Awareness: The policy emphasizes the importance of training all employees, stakeholders, and third-party associates on the CPA requirements, Harris Texas policies, and relevant local laws. Regular training programs and knowledge dissemination initiatives are conducted to foster a culture of compliance throughout the organization. 6. Reporting and Investigations: The policy outlines the reporting procedures and mechanisms to ensure that any potential CPA violations or suspicions are promptly reported to the appropriate internal channels. Harris Texas commits to conducting thorough investigations and taking necessary disciplinary or corrective actions in response to any violation. It is important to note that different types of Harris Texas CPA Corporate Policies may exist based on various factors such as the size of the company, the nature of operations, or specific industry regulations. These policies may contain additional provisions tailored to address sector-specific compliance risks and challenges. In conclusion, the Harris Texas CPA Corporate Policy is an essential framework designed to guide the conduct of all employees and associated individuals in complying with the CPA regulations. By adhering to this policy, Harris Texas aims to maintain its commitment to ethical business practices, protect its reputation, and uphold legal requirements in all its international operations.
