Professional Documents
Culture Documents
Policy Title:
CMS Number:
CMS-300-05-PL-00013
Policy Owner:
Issuing
Authority:
Issued for Use Corrected Reference from CMS-30005-PR-00001 which was superseded to CMS-300-05PR-00009. No change to content, Issuing Authority
Approval not required.
LAK
10 Aug 2015
RC
21 Jan 2014
BDR
04 Jan 2011
DD
03 Nov 2009
Approved
Date
Rev
UNCONTROLLED COPY IF PRINTED
Changes
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"Chicago Bridge & Iron Company, 2009. All Rights Reserved. For Internal Use Only.
NOTICE: THIS DOCUMENT, AND ALL TEXT, DRAWINGS, DETAILS AND DATA SHOWN HERETO, IS THE SOLE PROPERTY OF
CHICAGO BRIDGE & IRON COMPANY, AND SHALL NOT BE REPRODUCED IN ANY MANNER, USED FOR ANY PURPOSE
WHATSOEVER, OR RELEASED TO ANYONE EXCEPT BY EXPRESS WRITTEN PERMISSION OF CHICAGO BRIDGE & IRON
COMPANY."
Revision:
Approval Date:
CMS-300-05-PL-000013
10 Aug 2015
POLICY
CB&I, its subsidiaries and majority-controlled affiliates (collectively referred to as CB&I or Company)
are committed to full compliance with the various anti-corruption laws of the United States, the United
Kingdom and other countries and require its employees to comply with the law and the Companys
practices. Employees must be knowledgeable of the requirements of these laws and be able to
recognize situations that may raise issues under these laws.
This policy is intended to ensure compliance with three primary elements regarding anti-corruption:
Anti-Bribery Rules: Laws of the United States, United Kingdom and other countries prohibit
bribery of both private and foreign government officials, employees or candidates for political
office to (1) influence an act or decision for the award of a contract, (2) retain business or to
(3) gain an improper competitive advantage. Failure to comply with this element may result in
criminal and civil prosecution.
Gifts and Entertainment Rules: The Company has policies and internal controls over gift and
entertainment expenses to assure that reasonable and customary business expenses are the
only types of expenses that we make and it does not appear that we are providing bribes
disguised as gifts or entertainment.
Employees violating this policy or applicable other policies or procedures or laws will be subject to
discipline, including but not limited to, immediate termination of employment. In addition, such
employees may be subject to personal criminal charges and fines by appropriate enforcement entities.
This policy applies to any entity owned by CB&I and any of its majority-controlled affiliates and
subsidiaries and all employees.
Employees engaged in business with Foreign Government entities or officials must comply with this
policy.
PROHIBITIONS ON BRIBERY (ANTI-BRIBERY)
The Company prohibits all bribery in connection with its business anywhere in the world. Specifically,
all directors, officers and employees of the Company and all of its wholly owned subsidiaries and
others to whom this policy applies, are prohibited from (a) offering, promising or giving a bribe in any
form (including but not limited to money, inappropriate business courtesy, or kickback) to another
person; (b) requesting, agreeing to receive or accepting a bribe in any form (including but not limited to
money, inappropriate business courtesy or kickback) from another person in connection with any
current or prospective business for the purpose of improperly obtaining or rewarding favorable
treatment. Additionally, the Company prohibits any entity from engaging in any of these prohibited
activities on our behalf. In this policy, the reference to inappropriate business courtesy refers to gifts,
gratuities, favors, benefits, loans, commissions, discounts, forgiveness or any other benefit which
exceeds the normal reasonable value or does not have a Company legitimate business purpose.
RECORDKEEPING OF FINANCIAL TRANSACTIONS
Employees of the Company must ensure all financial transactions are recorded, described and
documented timely and accurately on the books and records of the Company.
All financial transactions in connection with foreign business development activities shall be
executed in accordance with the appropriate approvals and applicable policies and procedures.
Compliance with generally accepted accounting principles for maintaining proper internal
books and records and established audit controls and procedures is required at all times.
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Revision:
Approval Date:
CMS-300-05-PL-000013
10 Aug 2015
False, inflated or artificial entries are not to be made in the books and records of the Company
for any reason, and no employee shall engage in any arrangement that results in such entries.
No accounting record or document relating to any transaction shall be falsified in any manner
that may disguise the true nature of the transaction. In addition, no transaction shall be left off
of the recordkeeping system if required to be included.
No payment on behalf of the Company shall be approved without adequate supporting
documentation. Payment also may not be made with the intention or understanding that any
part of such payment is to be used for any purpose other than that described by the documents
supporting the payment.
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Revision:
Approval Date:
CMS-300-05-PL-000013
10 Aug 2015
Sector President
Company
Executive
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Revision:
Approval Date:
CMS-300-05-PL-000013
10 Aug 2015
Charitable Donations
Political Contributions
Facilitation/Grease Payments
EMPLOYEE CERTIFICATION
Employees working with foreign transactions may be required to periodically certify their receipt and
understanding of this policy and their agreement to comply.
CONSULTANTS
Consultants hired by the Company in foreign business transactions or working in foreign countries
should certify compliance with anti-corruption and/or other applicable bribery laws either in the contract
documents or as a separate document as applicable. They must also be cleared against the prohibited
parties lists.
JOINT VENTURES
The Company requires adequate due diligence with regard to anti-corruption for any potential business
partners that will join with us in a Joint Venture. The entity and its principals must be vetted against the
government prohibited lists and sufficient due diligence should be done to assess any corruption risks.
Company CMS documents regarding the formation of business partnerships, including Joint Ventures,
should be consulted.
ACQUISITIONS AND MERGERS
For any entities that the Company is considering acquiring or merging with that have international sales
or operations, a sufficient due diligence of prior anti-corruption due diligence shall be performed to
asses any potential risks.
ENFORCEMENT OF THE POLICY
Reports by Employees
Employees are required to notify the Company of any information the Employee has of any
potential violations of this Policy even if the Employee is not sure that a violation has
occurred. Employees should notify any of the following: (1) legal department (2) Compliance
Office (3) General Counsel or (4) Ethics hotline.
Violations
Employees found to be in violation of this policy shall receive appropriate discipline in
accordance with Company discipline policies. Consequences of such a violation may include,
but are not limited to, termination. Additionally, individuals who are engaging in conduct which
is in violation of the law may be subjecting themselves to criminal charges by the applicable
government authorities.
Reporting of the Company to the Government
If a violation of this Policy or applicable law occurs, the legal and compliance departments shall
jointly handle any required or desired disclosure to the appropriate government agency.
INTERNAL AUDIT
Internal audit may include anti-corruption issues and policy compliance as part of its audit plans.
EXCEPTIONS TO POLICY
In general, exceptions to this Policy will not be granted. If there are circumstances that justify an
exception, it can be approved only by a Company Executive and the General Counsel and the
exception must be reported to the Compliance Office.
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Revision:
Approval Date:
CMS-300-05-PL-000013
10 Aug 2015
REQUIREMENTS
Written management directions will be developed as needed to implement this policy.
RESPONSIBILITIES
Corporate Management
Corporate Management is responsible for ensuring that written instructions are developed and
communicated throughout the organization to provide CB&I employees clear direction for the
implementation of this policy.
TERMINOLOGY
Term
Definition
CB&I
Chicago Bridge & Iron Company N.V. and its affiliates and
subsidiaries
FCPA
Foreign Official
Intermediary
Includes agents, representatives, consultants and other nonemployees who may act on behalf of CB&I.
REFERENCES
CMS-720-01-FM-00020
Business Glossary
CMS-720-01-FM-00021
Technical Glossary
CMS-300-05-PR-00007
CMS-300-05-PR-00009
CMS-300-05-FM-00010
ATTACHMENTS
None
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