Toronto Centre is committed to conducting its business, to the best of our knowledge and belief, in accordance with all applicable laws, rules and regulations and the highest ethical standards.
The purpose of this Anti-Bribery and Anti-Corruption Policy is to reiterate Toronto Centre’s commitment to full compliance by it, and its officers, directors, employees and agents with Canada’s Corruption of Foreign Public Officials Act (“CFPOA”) and any local anti-bribery or anti-corruption laws that may be applicable.
For the purposes of this Policy, a “contractor” or “third party service provider” is defined as an entity or individual who provides, and receives payment for, services or goods related to any aspect of a Toronto Centre project, and includes subcontractors.
This Policy applies to every Toronto Centre employee, including senior executive and financial officers, and to members of our Board of Directors (collectively referred to as “Toronto Centre personnel”) and reflects the standards to which Toronto Centre expects its business associates, partners, agents, contractors, and consultants to adhere when acting on Toronto Centre’s behalf.
This Policy is intended to supplement all applicable laws, rules, and other corporate policies. It is not intended to supplant any local laws.
Corruption is the misuse of public power for private profit, or the misuse of entrusted power for private gain. Bribery is the offer, promise, or payment of cash, gifts, or even excessive entertainment, or an inducement of any kind offered or given to a person in a position of trust to influence that person’s views or conduct or to obtain an improper advantage. Bribery and corruption can take many forms, including the provision or acceptance of:
Toronto Centre personnel and agents are strictly prohibited from offering, paying, promising, or authorizing:
(“Improper Payment Activity”).
To promote compliance with anti-corruption laws in Canada and other applicable jurisdictions, no Toronto Centre personnel shall undertake any Improper Payment Activity in respect of a foreign official, a domestic official, or a person doing business in the private sector.
In addition, Toronto Centre’s books and records must ensure that there is a reasonable relationship between the substance of a transaction and how it is described in its books and records.
Toronto Centre has in place standards and procedures for:
There is no permitted deviation or waiver from this Policy.
Any employee who violates the terms of this Policy will be subject to disciplinary action. Any employee who has direct knowledge of potential violations of this Policy but fails to report such potential violations to Toronto Centre management will be subject to disciplinary action. Any employee who misleads or hinders investigators inquiring into potential violations of this Policy will be subject to disciplinary action. In all cases, disciplinary action may include termination of employment. Any third party agent who violates the terms of this Policy, who knows of and fails to report to Toronto Centre management potential violations of this Policy, or who misleads investigators making inquiries into potential violations of this Policy, may have their contracts re-evaluated or terminated. Any employee or third party agent with knowledge of potential violations of this Policy shall report same to the Chief Executive Officer or designate.
The Policy is effective April 1, 2014.
Requests for additional guidance or interpretation regarding this Policy can be directed to the Chief Executive Officer or designate.