This page is a part of the mandatory statement of corporate social responsibility 2018/2019 according to paragraph 99a of the Danish accounting act.

ANTI-CORRUPTION POLICY

 

Systematic is committed to ensuring high standards of integrity, and will work to counter all forms of corruption and bribery. We do not accept or solicit corruption or bribery of any kind.

Systematic has an anti-corruption programme, which is designed to ensure compliance with national and international legislation, including the UK Bribery Act 2010.

Implementation

Our Code of Conduct specifies what employees must do, and more specifically what they must not do. Our Code of Conduct is available to all employees.

Systematic’s anti-corruption programme includes, among other things, employee training – what to be aware of/red flags for certain employees, risk assessment and due diligence of new partners – and contractual commitments from partners aimed at complying with anti-corruption legislation as well as the Systematic Code of Conduct.

Results

Systematic’s anti-corruption programme is continuously being revised and improved. We are currently working on an updated version, which will be implemented in FY 2019/2020.

No reports have been made during FY 2018/2019, and Systematic is not aware of any violations of our anti-corruption policy. 

Risks

Any violation of national and international laws regarding corruption and bribery will expose Systematic to legal liability. Systematic may even be held responsible for unlawful actions committed by external partners if Systematic fails to notice any red flags.

Moreover, corruption may bring Systematic’s integrity into question. A damaged reputation can lead to a loss of customers and have financial consequences. For a company like Systematic, integrity is of the utmost importance, as our customer base includes a wide range of public-sector organisations handling confidential information. A damaged reputation might also make it difficult to attract and retain employees.