The VCT has adopted a zero tolerance approach to bribery. The following is a summary of its policy:
- It is the Company’s policy to conduct all of its business in an honest and ethical manner. The Company is committed to acting professionally, fairly and with integrity in all its business dealings and relationships where it operates.
- Directors and service providers must not promise, offer, give, request, agree to receive or accept a financial or other advantage in return for favourable treatment, to influence a business outcome or to gain any other business advantage on behalf of themselves or of the Company or encourage others to do so.
- The Company has communicated its anti-bribery policy to each of its service providers. It requires each of its service providers to have policies in place which reflect the key principles of this policy and procedures and which demonstrate that they have adopted procedures of an equivalent standard to those instituted by the Company.
A full copy of the VCT's anti-bribery policy and procedures can be obtained from the Company Secretary by sending an email to: firstname.lastname@example.org.
The Board recognises the importance of sound corporate governance. It endorses and has adopted the main principles of good corporate governance set out in the Association of Investment Companies Code of Corporate Governance (“the AIC Code”) which addresses all the principles set out in section 1 of the Combined Code, as well as setting out additional principles and recommendations on issues that are of specific relevance to the Company. The Financial Reporting Council (FRC) has confirmed that in complying with the AIC Code the Company will meet its obligations in relation to the Combined Code and paragraph 9.8.6 of the Listing Rules.
The Board considers that the Company has complied with the AIC Code throughout the year ended 31 December 2016. A table providing more detailed explanations of how the Company has complied can be downloaded by clicking here.