Doing Business with Veridian

Code of Conduct

Veridian’s Purchasing Policy is to review the supplier’s qualifications and to purchase from a supplier on the basis of their product and service quality, availability and price.

All employees who have contact with suppliers should be fully aware of Veridian’s intent to treat all relationships fairly and equally, and to obtain the optimum value for the company in an objective and ethical manner. Additionally, all employees should be sensitive to the perception generated by any interaction with suppliers, and have an obligation to uphold Veridian’s favourable reputation.

Veridian’s Purchasing staff utilizes the Principles and Standards of Purchasing Practice of the Purchasing Association of Canada as a guide to consistently exercise proper buying practices. In brief, the code states that each purchaser should "first consider the interest of his/her company; buy without prejudice; obtain the maximum value for each dollar of expenditure; work for honesty in buying and selling; denounce all forms and manifestations of commercial bribery; respect his or her obligations; and enhance the development and standing of Purchasing."

Some of the areas clearly to be avoided in a buyer-seller relationship are:

• Conflicts of interest
• Misuse of buyer/supplier relationship
• Unfair or uneconomical buying decisions
• Reciprocity
• Receipt of gifts from suppliers
• Receipt of entertainment at the expense of the supplier
• Expense-paid trips given by supplier (commercial airfare, company-owned jets, hotels, etc.)
• Improper disclosure or use of confidential information