The VCT has adopted a zero tolerance approach to bribery. The following is a summary of its policy:
- The VCT will not tolerate bribery under any circumstances in any transaction in which it is involved.
- The VCT values its reputation for ethical behaviour and for financial probity and reliability. The Directors are committed to working to the highest ethical standards throughout the business.
- The VCT expects and requires each of its service providers to work to the same standard.
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 30 September 2016. A table providing more detailed explanations of how the Company has complied can be downloaded by clicking here.