PURPOSE: Consistent with our Code of Business Conduct and Ethics, all Sheera Logistics Representatives are expected to conduct themselves with basic honesty and integrity, whether it is in their dealings with Sheera Logistics, other employees, customers, Business Partners, or others. Ethical conduct is one of our core values and beliefs. It is also expected that all representatives of Sheera Logistics will be transparent in their conduct of business and will stand by the integrity of their decisions and actions.
Corruption and bribery of any kind poses a serious reputational, financial and legal risk to Sheera Logistics. Accordingly, conducting business in accordance with all anti-corruption and antibribery laws (including the U.S. Foreign Corrupt Practices Act, the U.K. Bribery Act, the Canadian Corruption of Foreign Public Officials Act, the Canadian Criminal Code (re bribery of Canadian government officials) and all applicable local laws in jurisdictions where it operates) is important to preserve and advance our reputation and our ability to build strong and lasting relationships with our customers and Business Partners.
The restrictions in this policy apply to all Sheera Logistics business relationships, whether dealing with a Governmental Official or with someone in the private sector.
If you have any questions about this policy, it is your responsibility to discuss them with your manager or contact Sheera Logistics’ General Counsel.
SCOPE: This policy applies to the worldwide conduct of all Sheera Logistics Representatives. This policy should be read in conjunction with other Sheera Logistics policies and guidelines, including, but not limited to:
- Code of Business Conduct and Ethics
- Whistleblower Policy
RESPONSIBILITIES: The Board has appointed Sheera Logistics’ Chief Financial Officer and General Counsel to oversee the administration of this Policy and report directly to the Audit Committee of the Board.
POLICY:
1) Bribery and “Kickbacks”
Sheera Logistics and its Representatives shall not take part in acts of corruption, or pay or receive Bribes or receive Kickbacks, either directly or indirectly. A mere promise or offer to someone of Anything of Value is sufficient to be a Bribe, whether or not the promise was kept or offer fulfilled. It is a Bribe even if you personally make the payment with your own money out of your own pocket and do not request reimbursement from Sheera Logistics. It is a Bribe if such payments are made or provided to the spouses, partners or children of Government Officials or representatives of private or commercial sector businesses.
Any action that could be construed as a Bribe must be avoided.
No employee will be penalized for refusing to pay or accept a Bribe or Kickback, even if it results in the loss of business or an increase in costs to Sheera Logistics.
2) Facilitation Payments
Facilitation Payments (sometimes referred to as “grease” payments) are prohibited. Facilitation Payments are typically demanded by low level and low income Public Officials and are Bribes paid (generally a small sum) directly to a Government Official in exchange for providing services to which one is legally entitled without making such payments.
A published standard fee to expedite services payable to the Government (not to the Government Official personally) that is available to all people is not a Facilitation Payment.
If asked to make a Facilitation Payment, the employee or Business Partner should refuse. Sheera Logistics recognizes that there may be extreme circumstances where refusal to pay a Facilitation Payment may threaten or compromise a Representative’s personal safety, in which case it may be necessary to make a Facilitation Payment to avoid physical injury. In such circumstances, any such payment must be immediately reported to the General Counsel and the CFO of Sheera Logistics.
3) Hospitality and Gifts
Sheera Logistics recognizes that building lasting relationships with customers and Business Partners is important to our success. However, Representatives shall not offer or accept Gifts or Hospitality that could affect, or reasonably be seen to affect either party’s impartiality, influence or reasonably be seen to influence a business decision or lead to the improper performance of an official duty.
Representatives may offer and accept “reasonable” and “proportionate” Gifts or Hospitality. In determining what is “reasonable” and “proportionate” consideration shall be given to the following criteria:
(i) the Gift or Hospitality must relate directly to the promotion, demonstration, or explanation of Sheera Logistics and its products and services;
(ii) the Gift or Hospitality is within the types and value limits set by Sheera Logistics from time to time;
(iii) the frequency with which the same or similar Gifts or Hospitality is offered;
(iv) whether the Gift or Hospitality being given as an expression of goodwill and not in expectation of a return favour (a Gift given to secure a return favour would be a Bribe);
(v) whether the Gift or Hospitality is consistent with local accepted standards and complies with local laws and regulations; and
(vi) whether the Gift or Hospitality is provided in an open and transparent manner and is not of a nature that would harm Sheera Logistics’ reputation if publicly reported.
Notwithstanding the foregoing, in no circumstances shall Representatives offer to, or accept Gifts or Hospitality from, any Government Official or relative of a Government Official without prior approval of the General Counsel. Sometimes government departments do not have adequate resources to undertake required tasks in connection with the regulation or approval of specific activities. As a result, Representatives may be asked to provide financial or other support for such activities. Such matters raise special considerations and, as described above, you must obtain the written pre-approval of the General Counsel before agreeing to provide such support.
Employees should also consult the Sheera Logistics Travel & Business Expense Policy and their local country Employee Handbook for further guidance. Any Gifts or Hospitality for any party must be accurately accounted for and described in Sheera Logistics’ records. It must be accounted for in an appropriate expense report, accompanied by supporting documentation, and identify the type of benefit provided, its value, the date it was provided, and the identity of the recipient.
4) Transactions with Business Partners
Under applicable bribery and anti-corruption legislation, Sheera Logistics can be held liable for the actions of its Business Partners. Accordingly, any payment that is prohibited under this policy cannot be made indirectly on Sheera Logistics’ behalf by or through a Business Partner. Sheera Logistics expects its Business Partners to approach issues of bribery and corruption in a manner that is consistent with the principles set out in this policy.
In cases where Sheera Logistics has concerns that it will be unable to ensure these standards, it will discontinue the business relationship.
Business Partners Dealing with Government Officials
Prior to entering into a relationship with a Business Partner who will deal with Government Officials on Sheera Logistics’ behalf, the potential engagement shall be reported in writing to the General Counsel. No such Business Partner shall be engaged without the pre-approval of the General Counsel.
Customer-Facing Business Partners
Business Partners who interact with Sheera Logistics customers or potential customers are held to the same standards as Sheera Logistics’ directors and employees, as described elsewhere in this policy. Sheera Logistics will endeavor to conclude agreements with Business Partners that require business conduct consistent with the standards set out in this policy and to have Business Partners fully briefed on the obligations set out in this policy. Agreements will endeavor to include appropriate wording making it possible to withdraw from the relationship or suspend payment if the Business Partners fails to abide by this policy. Once agreements have been signed, Sheera Logistics will take commercially reasonable steps to monitor its relationships with such Business Partners to ensure that there are no infringements of this policy.
Procurement from Business Partners
Sheera Logistics’ process for selecting suppliers and contractors is to be open, fair and transparent. Supplier and contractor selection will be based on an evaluation of product quality, service, competitive price and/or professional merit. Personal recommendations/relationships shall not be a determining or substantial factor in any selection process.
Sheera Logistics will communicate this Anti-Corruption policy to suppliers and contractors, and Sheera Logistics will expect them to abide by the principles set out in the policy when working on Sheera Logistics’ behalf. If those principles are breached, Sheera Logistics will reserve the right to terminate the contract.
5) Charitable Donations and Sponsorships
Sheera Logistics and its employees and Business Partners will not make charitable donations or provide sponsorships as a way of obtaining an Improper Business Advantage or in circumstances where it may be perceived that the donation/sponsorship is being made to obtain an Improper Business Advantage (e.g. as an indirect way to provide a Bribe).
Charitable Donations and sponsorships by Sheera Logistics shall only be made with the approval of the General Counsel, and only in circumstances where the organizations receiving funds reflect and uphold Sheera Logistics’ values and where allowed under local law. The purpose, amount and the timing of the donation will also be considered in determining if the contribution could be seen as obtaining an Improper Business Advantage.
All Charitable Donations by or on behalf of Sheera Logistics must be accounted for with supporting documentation, including a receipt or written acknowledgement of the donation from the recipient.
Subject to the foregoing, employees and Business Partners may make Charitable Donations on their own behalf, but shall not make any such contributions on behalf of Sheera Logistics or in a manner that could be perceived to be on behalf of Sheera Logistics.
6) Political Contributions
Sheera Logistics and its employees and Business Partners will not make direct or indirect contributions to political parties, organizations or individuals engaged in politics, as a way of obtaining an Improper Business Advantage.
Political Contributions by Sheera Logistics shall only be made with the approval of the General Counsel, and only in circumstances where the organizations receiving funds reflect and uphold Sheera Logistics’ values and where allowed under local law. The purpose, amount and the timing of the donation will also considered in determining if the contribution could be seen as obtaining an Improper Business Advantage.
All Political Contributions by or on behalf of Sheera Logistics must be accounted for with supporting documentation, including a receipt or written acknowledgement of the donation from the recipient.
Subject to the foregoing, employees and Business Partners may make Political Contributions on their own behalf, but shall not make any such contributions on behalf of Sheera Logistics or in a manner that could be perceived to be on behalf of Sheera Logistics.
7) Accounting – Books and Records
Sheera Logistics shall maintain books and records that accurately reflect its financial transactions and the disposition of its assets. The requirement to accurately reflect financial transactions applies to all books and records, including forms required for processing payments, attachments and backup used to justify payment requests and any required authorizations. No undisclosed or unrecorded accounts funds will be established for any purpose.
REPORTING OBLIGATION: Directors, employees and Business Partners are strongly encouraged to report any suspected violations of this policy or any anti-corruption or anti-bribery laws by Sheera Logistics, another employee or any Business Partner. Reports should be made in accordance with the Sheera Logistics Whistleblower Policy.
Sheera Logistics will not tolerate retaliation against any Representative who, in good faith, makes a report under this policy.
BREACHES OF THE POLICY: In addition to any civil or criminal liability under local anti-corruption laws, any breach of this policy may result in disciplinary action by Sheera Logistics, up to and including termination of employment or business contract, as the case may be.
GLOSSARY:
Anything of Value: includes but is not limited to cash, cash equivalents (e.g. gift cards), gifts, travel, meals, entertainment, use of vehicles, accommodations or valuable favors, such as educational and employment opportunities for friends and relative.
Bribe: is a direct or indirect offer of, promise of, authorization to pay or payment of Anything of Value to any Government Official or any other person or entity, including persons or entities in 6 the private or commercial sector where it is intended to induce the recipient to misuse his or her position to provide an Improper Business Advantage.
Business Partner: any third party, regardless of title, who: (i) represents Sheera Logistics or acts on its behalf, including marketing alliance partners, re-sellers, consultants and contractors; or (ii) supplies goods or services to Sheera Logistics.
Charitable Donation: a financial or in-kind gift made to a charity, other public welfare organization or not-for-profit organization.
Corruption: The misuse of a public office or power for private/personal gain or the misuse of power by representatives (employees, agents, etc.) of private or commercial sector businesses for personal gain and includes bribery, facilitation payments or other forms of improper business practices.
Sheera Logistics: means, collectively, The Sheera Logistics Systems Group Inc. and all of its subsidiaries.
Facilitation Payment: Bribes paid (generally small sums) directly to Government Officials in exchange for providing services to which one is legally entitled without making such payments (e.g. the processing of Government approvals, or passing through customs and/or immigration). Facilitation payments are typically demanded by low level and low income Public Officials.
Government: includes all levels of government (local, regional/state, national) and includes quasi-governmental organizations (e.g. state owned/crown companies).
Government Official: any elected or appointed government official; any employee or other person acting for or on behalf of a government official, agency or enterprise that performs a government function; any employee or other person acting for or on behalf of any entity that is wholly or partially government owned or controlled; any political party, officer, employee or other person acting for or on behalf of a political party, or any candidate for public office; or any employee or person acting for or on behalf of a public international organization.
Gifts/Hospitality: cash or cash equivalents or other tangible benefit, offered, given, solicited or received. A tangible benefit includes promotional items, events and entertainment, including meals (wherever hosted), travel, social events (a ticket to a sporting event, party, golf outings, theatre performance, reception, etc.).
Improper Business Advantage: includes obtaining or retaining business in a manner which is not fair and transparent (obtaining an unfair advantage over competitors, or improperly influencing a person to act favorably towards Sheera Logistics).
Kickbacks: A payment or in-kind Bribe given as a reward for an Improper Business Advantage (such as awarding a contract or the continuation of the business relationship) and includesthe return of a portion of fees paid to suppliers or service providers to the individual who gave them the contract, but does not include legitimate payment of commissions.
Political Contribution: a financial or in-kind gift made to a political party, politician or a political organization.
Representatives: means all Sheera Logistics directors, officers, employees and Business Partners.
VERSION HISTORY: The substantive elements of this document were updated on: December 3, 2013