Question

Review Your Anwsers
1. Vendors are not part of Reliance's ABMS program
TRUE
2. ECTF stands for
Ethics & Compliance Task Force
3. Reliance has …. tolerance approach towards Bribery
Minimal
4. Types of bribery are Active bribery and Passive bribery.
TRUE
5. If you suspect a Bribery happening, then you should
Investigate yourself and confirm
6. Red flags could point to a potential bribery incident.
TRUE
7. Bribery increases the cost of doing business
TRUE
8. Reliance does not have whistle blower policy
FALSE
9. Proactively fighting corruption is responsibility of Senior Management only.
TRUE
10. Bribery includes offering of Money, Gift and/or Entertainment with an intent to bias a decision.
TRUE

Answer 1

Answer:

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Answer 2

Answer:

1. true

2. false

3. Reliance has zero tolerance approach towards Bribery.

4. true

5. If you suspect a Bribery happening, then you should Report the matter immediately.

6. true

7. true

8. false

9. true

10. true

Explanation:

• ABMS document is an integral part of Reliance's actions aimed at preventing bribery and corruption in the conduct of its business operations, referred to as the Anti-Bribery Management System.
• ECTF stands forEthics Code Task Force.
• RBML has a zero-tolerance approach towards any act of corruption/bribery and strictly prohibits bribery and any form of improper payment /dealings in the conduct of business operations.
• When a person offers, promises or gives a bribe, it is called 'active bribery' and when a person requests, receives, or accepts a bribe, it is called 'passive bribery'. Both forms are of concern to companies and are outlawed in most countries.
• If you suspect a Bribery immediately inform about that to the respected authorities.
• A “red flag” is a fact, event, or set of circumstances, or other information that may indicate a potential legal compliance concern for illegal or unethical business conduct, particularly with regard to corrupt practices and non-compliance with anti-corruption laws.
• Research from the World Bank has found that firms who pay bribes are likely to face higher costs and spend more.
• Reliance Group prohibits its Employees from engaging in retaliation or intimidation that is directed against a Whistle-blower. Employees who engage in retaliation or intimidation in violation of this Policy will be subject to disciplinary action, which may include dismissal from employment.

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