Wednesday, October 05, 2016

EMC & Solar Turbines united in Workshop” Bribery & Corruption Fighting Mechanism”

Under the Theme:” Bribery & Corruption Fighting Mechanism”, A Workshop has been held between EMC & Solar Turbines – one of Caterpillar INC- to present both companies’ applicable regulations & systems concerning Corruption & Bribery fighting System.

At that Regards, EMC has presented its own system concluded in:

• An organization structure called” internal audit” that operates according to Company Regulations & Criteria’s identifying responsibilities & authorities.
• An external auditor is designated to review the company's accounts & assure its conformity to the approved accounting regulations.
• A governmental auditor is nominated to monitor all company's activities & Financial Accounts according to the laws.

All these Steps are the main factor to create a kind of Coordination, Cooperation & integrity aiming to monitor & prevent the Corruption & Bribery expansion and/or penetration.

On the other hand, Solar Turbines has presented its own proper corruption & bribery fighting System.

The Two Parties have assured that Corruption & bribery fighting mechanism is essentially related to all entities / individuals involved in such system.

Complete transparency has surely its effective impact to avoid the subject attitude tendency.

At the End, Both parties have agreed to organize a number of this kind of workshop aiming to exchange Experiences & to Share mechanisms & Methodologies.