ABII » Topics » Bribery/Corruption

This excerpt taken from the ABII 10-K filed Mar 31, 2008.

Bribery/Corruption

The Company is committed to the highest business conduct standards wherever it operates. The Company observes these standards worldwide, even at the risk of losing business. While no one can anticipate all the situations that may present challenges to Company employees doing business in the worldwide marketplace, the following guidelines always apply:

 

   

Observe all laws, rules and regulations, both U.S. and non-U.S., that apply to business abroad.

 

   

Paying bribes to government officials is absolutely prohibited, even if those bribes are commonly practiced by other companies, except for facilitating payments (see section below under the heading “Facilitating Payments to Low-Level Non-U.S. Governmental Employees and Officials for Non-Discretionary Action”). Company employees may not give, promise to give or authorize the giving to a foreign official, a foreign political party or official thereof, or any candidate for foreign political office any money or gift; give, promise to give or authorize the giving of anything of value to influence any act or decision by such official, party or candidate; induce or attempt to induce such official, party or candidate to do or omit to do any act in violation of the lawful duty of such official, party or candidate; or induce or attempt to induce such official, party or candidate to use his or her influence with a foreign government or agency to affect or influence any act or decision of such foreign government or agency.

 

   

Do not cooperate with illegal boycotts.

 

   

Observe all licensing requirements and the requirements of applicable import and export control laws.

 

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Do not enter into an agreement with an agent or consultant that relates to the Company’s business outside the United States unless all appropriate approvals have been obtained.

The laws governing the Company’s business in foreign countries are extensive and complex, and may be different from those in the United States. No new services or products should be offered in any new country without prior approval, and then only in accordance with the country’s applicable local regulations and requirements.

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