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Compliance and Ethics

At ElasticHotel, we are committed to maintaining the highest standards of integrity and professionalism in our business practices. To ensure transparency and uphold our commitment to ethical business conduct, we provide access to our comprehensive compliance policies and procedures.

  • Anti-Corruption Compliance: Our anti-corruption policy outlines the measures we take to prevent bribery and other corrupt practices in all our business dealings. We adhere strictly to local and international laws against corruption, ensuring that all our employees and partners understand their responsibilities.
  • Business Ethics Code: The Business Ethics Code at ElasticHotel serves as a guide to the ethical and legal responsibilities of our employees and corporate officers. This code covers a wide range of practices and policies, emphasizing honesty, integrity, fairness, and respect for all stakeholders.

For detailed information on our policies, including procedures for reporting violations and our regulatory compliance framework, continue reading. We encourage all our employees, partners, and clients to familiarize themselves with these documents to better understand how we conduct our business responsibly and with ethical accountability.

Anti-Corruption Compliance Policy

1. Purpose

This policy aims to ensure that all business practices adhere to local and international anti-corruption laws, such as the Foreign Corrupt Practices Act (FCPA) in the U.S. and similar legislation globally. Our commitment is to conduct all business dealings free from corrupt practices and bribery.

2. Scope

This policy applies to all employees, whether full-time, part-time, or contract workers, as well as consultants, agents, and other third parties acting on behalf of ElasticHotel.

3. Policy Statement

ElasticHotel prohibits corruption and bribery in any form. This includes but is not limited to, offering or accepting bribes, facilitation payments, kickbacks, or any other form of improper payment or benefit to influence a business outcome.

4. Compliance Procedures

1) Due Diligence: Conducting background checks before entering into agreements with third parties. 2) Gifts and Hospitality: Establishing clear guidelines on giving and receiving gifts and hospitality to ensure they are not used as a means of influencing business decisions. 3) Record Keeping: Maintaining accurate and complete records of all business transactions, especially those involving procurement and contracts.

5. Reporting and Enforcement

Instructions on how to report suspected bribery or corruption, with assurances of confidentiality and protection from retaliation. Details on disciplinary actions for policy violations should also be included.

Anti-Corruption Compliance Policy

1. Purpose

The purpose of this code is to guide our employees and officers in making ethical decisions in their daily work. The goal is to ensure all business operations are conducted legally and ethically.

2. Scope

This code applies to all employees and officers of ElasticHotel.

3. Principles

1) Integrity and Honesty: Conducting all business activities honestly, with integrity, and in good faith. 2) Respect and Fairness: Treating all individuals and entities with respect and fairness, regardless of their position. 3) Accountability: Taking responsibility for one’s actions, ensuring all work is done responsibly.

4. Compliance and Reporting

1) Following Laws: Adhering to all applicable laws and regulations governing our business. 2) Conflicts of Interest: Avoiding any situations that may conflict with the company’s interests or influence independent judgment. 3) Reporting Violations: Encouraging employees to report any unethical behavior or violations of this code through designated channels.

5. Enforcement

Detailing the consequences of violating the business ethics code, including possible disciplinary actions up to and including termination of employment.

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