No bribery or corruption
Our business success is dependent on our reputation for integrity and fairness. Therefore, it is essential that the highest standards of conduct and professional integrity be observed in all contacts made by Tuttnauer directors, officers, management and employees with our customers, creditors, shareholders, suppliers, governmental officials, fellow employees and members of the general public.
For this purpose, Tuttnauer has formulated and adopted an anti-bribery and corruption policy that addresses these issues and applies to all Tuttnauer employees and representatives. We have subsidiaries and representatives around the world, and thus Tuttnauer is subject to several anti-corruption laws. This includes the USA Foreign Corrupt Practices Act (FCPA), OECD regulations and others. Under these laws it is forbidden for Tuttnauer or any of our representatives (including third parties) to engage in any act of bribery with any government official or representative with the objective to obtaining business advantages.
Tuttnauer has set a policy aimed at minimizing the possibilities of misconduct and allowing the pre-examination of specific engagements and transactions that are more vulnerable to transgression. We have an annual training schedule that includes all employees with direct contact to customers and vendors. In addition, we have appointed a compliance officer that oversees the third-party due diligence processes and has the authority to act upon questionable transactions.