GLP operates its business in accordance with the highest ethical standards and according to all applicable laws. The foundation of our success is in the trust and confidence that we establish with our customers, employees, shareholders, investors, suppliers, and communities. This trust and confidence is earned by providing quality products and services through efficient, ethical and responsible business practices.
GLP has adopted a Code of Ethics and Standards of Business Conduct which describes our company values and principles. The Code of Ethics and Standards of Business Conduct is our guide to the GLP value system of ethical conduct. It helps us make good decisions by applying values and principles to specific issues that arise in the workplace. Used in conjunction with the company’s published policies and practices, the Code of Ethics and Standards of Business Conduct will help each of GLP employees apply our institutional and personal values of honesty, fairness, and integrity to everything we do at GLP.
Among several rules, we highlight the following in our Code of Ethics and Standards of Business Conduct applicable to all employees across the globe:
- In no event, no value is allowed for improper contribution to an Agency and Public Official Agent, as well as cash payments to service providers.
- No supplier, service provider and business partner should have (i) a relationship with an Agency or Public Official, which should be construed as a potential undue favor to GLP or the Agency or Public Official; and (ii) criminal actions or related to failure to comply with anti-corruption legislation.
- No facilitation of payments is allowed. Facilitation payments are defined as any payments or consideration in contravention of any applicable laws or regulations and/or which are not formalized in writing.
- When offered a business courtesy or before giving a business courtesy, employees are expected to use good business judgment in determining whether it is appropriate to accept/give the courtesy according to GLP relevant company rules (including check whether the business courtesy does not violate any law or regulation);
- Employees cannot (i) ask for a business courtesy; and (ii) use GLP position as a means of obtaining business courtesies, such as personal discounts or credits on products, services, or other items.
- Procurement decisions must be made on the basis of quality, service, price, delivery, best value, and other similar factors.