Improper Payments Prevention We do not engage in bribery or corruption of any kind.


THE GE WAY POLICY SPOTLIGHT


Bribery concerns are not limited to government officials – many countries and companies also prohibit bribery in the private sector. Gifts, entertainment or anything else of value provided in exchange for improper assistance or consideration could be viewed as a bribe.


• GE prohibits bribery in all business dealings, in every country around the world, with both governments and the private sector.


• We maintain strong controls aimed at preventing and detecting bribery. This includes a rigorous process for appointing and managing third parties acting on GE’s behalf in business dealings.


• We keep accurate books, records, and accounts that correctly reflect the true nature of all transactions.


RED FLAGS TO REPORT TO LEGAL/COMPLIANCE


• Demands from a third party to receive its commission payment prior to winning a deal/contract


• Suggestions to direct GE business through a specific representative or partner due to a “special relationship”


• Requests to make a payment to a person who is not related to the transaction being discussed


• Commissions that seem too large in relation to the services provided


• Ambiguous “consulting fees” on invoices HELP CORNER


S&L Improper Payments Prevention Policy S&L Business Courtesies Procedure


12 | WIN WITH INTEGRITY / Improper Payments Prevention THE SPIRIT & THE LETTER YOUR ROLE


• Never offer, promise, make, or authorize a payment or the giving of anything of value to anyone in order to obtain an improper business advantage. Consult the GE Business Courtesies Procedure before providing a business courtesy to an external party.


• Follow your business due diligence procedures and require that any third party that (1) represents GE in promoting, marketing, and/or selling GE products to potential customers or (2) works with GE in the sale of GE products to potential customers, is carefully selected and complies with GE policy.


• Do not make facilitation payments to speed up routine administrative actions. The only exception is if it is necessary to protect the health or safety of you or another employee.


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