• Obstructive practices, which include (1) obstructing the OPEC Fund’s contractual rights of audit or access to information, (2) deliberately destroying, falsifying or concealing evidence material to an investigation, (3) making false statements or omissions to impede an investigation, or (4) harassing or intimidating any party to prevent it from disclosing its knowledge relevant to an investigation or from pursuing an investigation.
Examples of corruption and fraud violations, include, but are not limited to:
• bidding vendors offering government officials bribes in return for information or advantageous treatment in a vendor selection process, • collusion between competing vendors to fix the price or limit competition in a selection process, • vendors purposefully falsifying past experience and resource capabilities within bidding documentation for a vendor selection bid. Conflict of Interest – Business Partners are to avoid any situation that may create an actual, potential or perceived conflict of interest, including conflicts of interests arising between their personal financial interests or business relationships and their duty to the OPEC Fund. Specifically, Business Partner vendors: • must not be directly or indirectly involved with the preparation of the specifications or content used as part of any selection for which the vendor is submitting a bid/proposal. • which have OPEC Fund staff or immediate family members 1 as owners, investors (or with financial interests), partners or directors are restricted from bidding or receiving OPEC Fund contracts. • materially 2 owned by former OPEC Fund staff members are prohibited from bidding or receiving OPEC Fund contracts. • that have former OPEC Fund staff members on staff, are prohibited from bidding or receiving OPEC Fund contracts related to an activity which the said individual substantially participated in/contributed to during their OPEC Fund employment
1 Scope includes parents, siblings, spouse, and children or such relatives through marriage (e.g. mother-in-law, step-son) 2 Any ownership over 5% is considered broadly as the applicable threshold, though this is adjusted depending on the size of the entity
BUSINESS PARTNER CODE OF CONDUCT
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