Anti-Bribery & Corruption Policy
At TriOil Group DMCC, we uphold a strong commitment to ethical business practices and maintaining the utmost integrity in all our operations. Our Anti-Bribery and Corruption Policy is a testament to our dedication to conforming with the relevant anti-bribery regulations and adopting industry-leading standards in the regions where we are active. With the endorsement of our Board of Directors and in harmony with the Anti-Corruption Guidelines of the Wolfsberg Group, as per their most recent revision dated April 17, 2023, we are fully committed to ensuring that all our staff, executives, supervisors, board members and stakeholders comprehensively grasp and uphold these fundamental principles.
Governed by Integrity
TriOil Group DMCC places a premium on its ethical standing, dependability and financial openness. Our commitment remains firm in upholding the highest moral principles and adhering to all applicable rules and regulations, even as we operate across diverse locales. Bribery, defined as the act of pledging, delivering or accepting any type of advantage, whether financial or otherwise, to influence someone, or to reward or motivate them to behave dishonestly if the advantage is accepted, is strictly forbidden.
Corruption is the exploitation of a position of trust or authority for personal gain.
The term “kickbacks” pertains to remunerating a portion of earnings to an individual in a position of authority or influence as compensation for facilitating the generation of income.
Our firm’s guiding principle is to carry out all business operations with integrity and honesty. We maintain a zero-tolerance stance against bribery and corruption, and we are resolute in engaging in professional, equitable, and ethical business interactions and affiliations across all our operational domains. We institute and uphold robust mechanisms to avert and counteract bribery and corruption. Our board members, executives, and staff are expressly prohibited from extending, offering, requesting or accepting bribes or kickbacks.
Moreover, we recognize the vital role played by our Collaborative Partners in our overall achievements. These Collaborative Partners comprise suppliers of goods, services, equipment, and other resources, as well as agents, consultants, subcontractors and entities with whom we have cooperative ventures, consortiums, or other business ties. We anticipate our Collaborative Partners to uphold identical elevated ethical norms to honor our dedication.
We remain committed to adhering to all applicable legislations connected to the fight against bribery and corruption across all territories of our operation. Compliance with this policy is compulsory for every staff member, executive, manager, director and shareholder of TriOil Group DMCC. Any breaches will be met with suitable disciplinary measures, including potential employment termination and legal recourse.
By upholding this Anti-Bribery and Corruption Protocol, we are committed to retaining the faith and reliance of our stakeholders, safeguarding our standing, and contributing to a just and transparent business environment.
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The Dome Tower
Plot No: JLT-PH1-N1
Jumeirah Lakes Towers
Dubai, UAE