Photo caption: Steven Webb, Group Company Secretary,
Premier Farnell
Farnell, the leading
multichannel electronics distributor, has today announced
it has been granted a certificate of membership signifying
the company's commitment to transparency in international
commercial transactions by TRACE
International Inc. (TRACE). TRACE is a non-profit
membership association that pools resources to provide
practical and cost-effective anti-bribery compliance
solutions for multinational companies.
This certification supports the work the company has done
to implement the requirements of the UK Bribery Act,
introduced in 2011, and its broader approach to ethical
business behavior.
The Bribery Act extends to behavior by UK companies
anywhere in the world and, as a multinational organisation,
Farnell has therefore re-assessed all of its policies and
procedures and introduced updated and common approaches in
every one of its international locations. The Act also
introduces new and stringent requirements covering gifts
and hospitality that might be, or give the appearance of
corruption.
The company has reinforced its total commitment to ethical
behavior by providing comprehensive training and guidance
to employees all around the world - another example of
providing assurance to its customers and suppliers at a
time when the reputation and standing of businesses around
the world is under the microscope.
Steven Webb, group Company Secretary said "We are delighted
to receive this confirmation from TRACE following their
review. We see it as vital that our customers and our
suppliers can have confidence in dealing with Farnell and
this is just the latest in a number of areas where we aim
to take a lead in setting standards for our industry, from
our comprehensive legislation guidance available through
the element14
community, to our innovative packaging solutions and
now in this area of ethical business practice."
ENDS
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About Farnell
Farnell is a
high-service distributor of technology products and
solutions for electronic system design, maintenance and
repair. Bringing together the latest products, services,
and development software, all connected to an innovative
online engineering community
where purchasers and engineers can access peers and
experts, a wide range of independent technical information
and helpful tools. Whether researching a new technology,
designing an electronic product, or looking for parts to
repair an existing system, Farnell is the trusted source to
find the answers and parts you need to keep your project on
the fast track, right from the start.
Farnell is the
operating business of Premier Farnell
plc (LSE:pfl) in Europe.
For news updates from Farnell visit:
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