Bribery and / or corruption is frequently defined as the offering, promising, giving, accepting or soliciting of an advantage or other form of compensation as an inducement for any action which is illegal under any national law(s) or international law(s) and may be a breach of trust.
The most common forms of corruption or bribery may originate from one or more of the following:
A payment or payments to one or more employees of a company or their relatives or a third party with said compensation designed to secure an advantage in business transactions;
One or more political contributions initiated to ensure an advantage in business transactions;
Any charitable sponsorship utilized to secure an advantage in business transactions;
The facilitation of payments, kickbacks or other forms of compensation to secure or accelerate necessary or routine business actions with government officials, clients, vendors or any other parties;
Any form of gift, hospitality, entertainment or other forms of payment or compensation as may be initiated to secure an advantage in business transactions.
The corporate conduct of Global Transport Organization (GTO), is firmly based on a policy of performing and acting in a fully legal and responsible manner with integrity in all matters.
That policy extends to all GTO Member companies and GTO Vendor companies relative to all types of business activities with a special reference to implementing and observing anti-corruption and anti-bribery policies.