To ensure that we comply with anti-corruption legislation, we have strict rules on what the Bremnes Seashore Group can give and receive in the way of gifts or hospitality in our dealings with business associates.
Depending on the circumstances, gifts, hospitality and paid expenses may be benefits that could be counted as corruption. The term “hospitality” includes, for example, entertainment, restaurant meals, travel and accommodation. Moderate catering in connection with meetings is not included in the term “hospitality”.
Bremnes Seashore Group employees shall be cautious with respect to the giving and receiving of gifts. Gifts from the Bremnes Seashore Group must be approved in advance by the Group Compliance Manager. Any gifts that we receive must be of moderate value – worth no more than NOK 500. This cap applies to the value of all gifts from the same giver in the course of a year. The giving or acceptance of cash is always forbidden. The timing of the gift must be appropriate
Bremnes Seashore Group employees may provide hospitality to or accept hospitality from business associates only when there are clear and legitimate business grounds to do so, and where the hospitality is moderate in terms of its frequency and cost. The place and time must also be appropriate.
As a general rule, the Bremnes Seashore Group pays for travel, accommodation and associated expenses for all those who work for the Group, in line with our internal procedures and travel expense regulations. Our business associates similarly pay the expenses of their own employees.
