16 Aug Anti-Corruption
Principle 10: Work against all forms of corruption, including extortion and bribery.
BMC Metals adheres strictly to the policy of openness, transparency and honesty about our contracts and engagements as it relates with clients, vendors and staffs. We are fully persuaded that a breach in integrity cascades down as a breach on all fronts. Thus, integrity is enshrined as a corporate guiding principle in the operation of BMC Metals as seen in our position welcoming Whistle Blowing to provide an opportunity to employees and the public to report to management any incident of unethical behavior, actual or suspected, fraud or violation.
Furthermore, in a bid to align with anti-corruption measures we adhere to high reporting standards.
We seek to comply with relevant government, financial accounting and reporting requirements in Nigeria, and where need arises, in countries where we transact business. We report at least once a year on our activities and engagements with relevant authorities saddled with various aspects to ensure compliance on best practices. Appraising bodies include the Ministry of Environment, Federal Inland Revenue Services and Pension Boards. Reports routinely scrutinized include:
- Environmental impact of our operational processes;
- Main sources of revenue and income from corporations, financial institutions, and government grants or exemptions;
- Financial performance;
- Tax returns
- Community development projects;
- Contracts, offers, etc.