We are committed to maintaining the highest standards across all our businesses and activities. Altica Partners' policies and procedures ensure that we manage and operate our business prudently while complying with applicable laws and regulations.
Our business principles guide the behaviour of all our professionals and underpin the way we operate. All Partners and employees of Altica are expected to conduct their activities in accordance with both the letter and the spirit of these principles. We also expect each portfolio company of the Altica funds to be aware of, and emulate these principles.
We recognise that today more than ever, good governance and sound business integrity is key to continued growth. Not only do we ensure that the highest standards of governance are adhered to by our firm and our Portfolio companies, we also provide advice on governance and business integrity to third party clients in Africa as we believe this to be a key driver of good and profitable business on the continent. Our governance policies form part of our broad Environmental, Social and Governance (ESG) commitments, which cover all aspects of our business and which have been woven into the DNA of Altica Partners.
The Altica advisory board is formed of senior advisors with decades of experience in emerging markets investment and governance. These leaders in their respective fields provided crucial input in the formation and development of Altica’s investment and governance architecture. They occupy key positions on our investment committees and provide continued operational guidance.
We adopt a ‘zero tolerance’ approach to corrupt practices and we do not consider such practices to be part and parcel of the ordinary course of business in Africa. As such, we use a broad definition of corrupt practices in accordance with the OECD Anti-Bribery Convention and the UK Anti Bribery Act 2010. These practices include bribery, kickbacks, facilitation payments, embezzlement, fraud and extortion. We recognise that corruption hurts good businesses, hinders economic development and is most damaging to the prosperity of the communities we aim to serve.
Sanctions, Anti Money Laundering and Politically Exposed Persons
It is the policy of the firm to prohibit and actively prevent money laundering and any activity that facilitates money laundering or the funding of terrorist or criminal activities. The firm also adopts policies to identify sanctioned or politically exposed individuals at screening stage so as to ensure ours and our clients' business integrity.