Improper advantage definition
Improper advantage means something to which the Group company concerned was clearly not entitled, for example, an operating permit for a factory that fails to meet the relevant legal requirements.
Improper advantage means obtaining something to which the person or entity giving an Item of Value was not entitled or would not have received but for giving the Item of Value.
Improper advantage means any business advantage to the Petron Group, which can include:
More Definitions of Improper advantage
Improper advantage as used in this ABAC Policy, means advantages in violation of a duty and the expectation that a person will behave in a lawful, business- appropriate manner, impartially and in good faith.
Improper advantage means obtaining something to which the person or entity giving an Item of Value
Improper advantage means “Something to which the Fund, a person or entity is not clearly entitled, such as the provision of benefits, contract award, grant of operating permits, product registration approval, favourable court decision, or a tax dispute settlement”; and
Improper advantage means a benefit or an advantage (a) to which a company, including Sucampo, is or was not clearly entitled; and/or (b) which is not readily available to other competitors; and/or (c) which if secured, retained or obtained, constitutes a violation of the Applicable Laws and Regulations and/or the Code of Conduct of Sucampo.