In this policy ‘The Edinburgh Collection ‘ means The Edinburgh Collection LTD. and its affiliated companies, as they may exist from time to time, which include, without limitation, the subsidiaries which carry on a business that use the following names: The Edinburgh Collection, The Edinburgh Collection LTD. The words ‘we’ and ‘The Edinburgh Collection’ include the following hotels & serviced apartments Old Waverley Hotel, Haymarket Hub Hotel, Holyrood ApartHotel, and Princes Street Suites.
Policy Statement 1.1 It is our policy to conduct all of our business in an honest and ethical manner. We take a zero-tolerance approach to bribery and corruption and are committed to acting professionally, fairly, and with integrity in all our business dealings and relationships wherever we operate and implementing and enforcing effective systems to counter bribery. 1.2 We will uphold all laws relevant to countering bribery and corruption in all the jurisdictions in which we operate. However, we remain bound by the laws of the UK, including the Bribery Act 2010, in respect of our conduct both at home and abroad. 1.3 Bribery and corruption are punishable for individuals by up to ten years’ imprisonment and if we are found to have taken part in corruption we could face an unlimited fine, be excluded from tendering for public contracts, and face damage to our reputation. We, therefore, take our legal responsibilities very seriously. 1.4 The purpose of this policy is to publicly communicate to third parties our position on bribery and corruption. Workers should refer to our internal policy 1.5 In this policy, the third-party means any individual or organisation that comes into contact with us and includes actual and potential clients, customers, suppliers, distributors, business contacts, agents, advisers, and government and public bodies, including their advisors, representatives, and officials, politicians and political parties.
Who is covered by the policy? This policy applies to: (a) all individuals working at all levels and grades, including partners, senior managers, officers, directors, employees (whether permanent, fixed-term, or temporary), consultants, contractors, trainees, seconded staff, homeworkers, casual workers and agency staff, volunteers, interns, agents, sponsors, or any other person associated with us, or any of our subsidiaries or their employees, wherever located (collectively referred to as workers in this policy); and (b) Third parties. Where we engage with third parties, we will undertake appropriate steps to ensure that they comply with the principles set out in this policy.
What are bribery and corruption? Corruption is the misuse of office or power for private gain. A bribe is an inducement or reward offered, promised, or provided in order to gain any commercial, contractual, regulatory, or personal advantage.
What is not acceptable? We do not (nor do we procure someone) to:
(a) give, promise to give, or offer, a payment, gift, or hospitality with the expectation or hope that a business advantage will be received, or to reward a business advantage already given; (b) give, promise to give, or offer, a payment, gift, or hospitality to a government official, agent or representative to “facilitate” or expedite a routine procedure; (c) accept payment from a third party that we know or suspect is offered with the expectation that it will obtain a business advantage for them; (d) accept a gift or hospitality from a third party if we know or suspect that it is offered or provided with an expectation that a business advantage will be provided by us in return; (e) threaten or retaliate against another worker who has refused to commit a bribery offense or who has raised concerns under this policy; or (f) engage in any activity that might lead to a breach of this policy.
Facilitation payments and kickbacks 5.1 We do not make, and will not accept, facilitation payments or “kickbacks” of any kind. Facilitation payments are typically small, unofficial payments made to secure or expedite a routine government action by a government official. 5.2 Kickbacks are typically payments made in return for a business favor or advantage. We avoid any activity that might lead to, or suggest, that a facilitation payment or kickback will be made or accepted by us.
Donations We do not make contributions to political parties. We only make charitable donations that are legal and ethical under local laws and practices.
How to raise a concern Third parties are encouraged to raise their concerns about any issue or suspicion of malpractice at the earliest possible stage. Any concerns or issues should be referred to Ricky Kapoor, Managing Director T:0131 560 2060 E: Ricky@palmholdings.co.uk
Monitoring and review We will monitor the effectiveness and review the implementation of this policy, regularly considering its suitability, adequacy, and effectiveness.
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