Corporate Policies - Anti-Bribery
To assist all employees in understanding DEXUS’s expectation in relation to ethical behaviour, policies and procedures have been developed including Codes of Conduct, Good Faith Reporting Policy, Fraud & Corruption Control and Awareness Policy and this Anti-Bribery Policy.
DEXUS takes pride in its ethical and socially responsible conduct.
As a market leader in the property funds management industry, DEXUS is in a position to influence industry policy. We have an obligation, on behalf of our investors and the broader community, to make a positive and constructive contribution to policy development relating to the property industry and to participate in the policy decision-making process.
We also have an obligation to develop and manage our assets in the interests of our investors and broader community.
Meetings with Law Makers
As part of DEXUS’s property management and development activities, employees may need to meet with representatives of local, state or federal government.
Discussions are property specific covering issues such as zonings, planning approvals and infrastructure.
In accordance with the NSW Lobbyists Code of Conduct Regulation 2014, where a DEXUS employee meets with a government official to discuss zonings, planning approvals and infrastructure, the employee will:
disclose to the official before the meeting the nature of the matter to be discussed
disclose to the official before the meeting commences any financial or other interest DEXUS has in the matter to be discussed
not engage in misleading, dishonest, corrupt or other unlawful conduct in connection with the meeting
use all reasonable endeavours to satisfy themselves of the truth and accuracy of all material information provided in connection with the meeting
At all times, the interests of investors and the broader community are taken into consideration.
In situations where DEXUS believes it is beneficial to appoint a professional Lobbyist to act on its behalf, approval must be granted by the CEO. The appointed Lobbyist must be appropriately registered and confirm he/she will comply with the NSW Lobbyists Code of Conduct Regulation, 2014.
At no time will gifts or entertainment of an excessive nature be offered to representatives of the government or statutory authority.
To support and encourage effective policy development for the property industry, DEXUS works closely with the Property Council of Australia developing recommendations and drafting submissions to government and statutory authorities.
DEXUS may be requested to participate in working groups facilitated by the PCA. In these situations, DEXUS representatives will act for the benefit of the property industry as a whole.
Financial or in-kind contributions to a political party, politician or related institution (including tickets to attend political fund raising events) are prohibited. DEXUS employees who attend political functions do so in a personal capacity and not as a representative of DEXUS.
As a responsible corporate citizen, DEXUS makes charitable donations. Financial donations are made to registered charities or approved not-for-profit organisations. Financial donations are not made to religious organisations.
Gifts & Benefits
The receipt and giving of gifts, benefits or entertainment should not be so lavish or excessive as to operate (or imply to operate) as an inducement to do business or imply an attempt to influence a business decision.
There must be no conflict or appearance of conflict between the self interest of any employee and their responsibility to DEXUS and its clients.
Gifts of cash are prohibited and offers of cash are to be reported to the Risk & Compliance team immediately.
Employees can accept token gifts where the accumulated value from the same provider is less than $250 per quarter.
Where the value of the gift exceeds $250, approval must be obtained from the Risk & Compliance team prior to acceptance. In some circumstances, the matter may be referred to the Chief Executive Officer for final determination.
The receipt of gifts or entertainment from a tenderer is prohibited throughout the tender process.
Travel and accommodation in respect of proposed entertainment is generally not allowed and must be referred to Chief Executive Officer.
All employees will be required to provide a declaration to Risk & Compliance on an annual basis confirming compliance with these policies.