Achieving the highest standard of ethical behaviour means that we will not engage, directly or indirectly, in bribery, kick-backs, payoffs or other fraudulent or corrupt business practices.
If an employee or contingent worker is approached by an employee, contingent worker, supplier, client, government representative or other third party with an opportunity to engage in such activity, they are required to report the incident to their manager, to Corporate Security, or call the confidential Ethics Hotline.
In addition, CIBC’s Anti-Bribery and Anti-Corruption Policy establishes minimum standards of conduct related to gifts or entertainment given to or received from government officials as well as private persons. These standards include a prohibition on gifts or entertainment given corruptly and in order to obtain, retain or direct business or to secure an improper advantage (including facilitation payments). Employees and contingent workers learn about this Policy as part of CIBC’s annual mandatory Code of Conduct training and testing program. Employees in certain geographic regions also receive customized periodic communication of the requirements of this Policy.
Processes are in place to ensure bribery and corruption are considered when engaging suppliers, hiring employees or contingent workers, and entering into strategic transactions.