LEGATUS INTERNATIONAL
Governance & compliance
Principles for clear mandates, responsible representation, commercial integrity and the handling of confidential information.
OUR APPROACH
Clear authority. Responsible commercial conduct.
These principles set out the basis on which a LEGATUS engagement should be structured. The written agreement and the requirements applicable to the product, parties and transaction determine the specific responsibilities.
Integrity and legitimate remuneration
Commercial decisions should be based on the offering and the buyer’s legitimate requirements. Bribes, facilitation payments and improper advantages have no place in an engagement. A representative’s commission or fee must have a legitimate commercial purpose, agreed terms and a clear payment basis.
Invoices and payment instructions should accurately identify the service and recipient. Unexplained third-party payments, unusual cash requests or arrangements that conceal the beneficiary require clarification before proceeding.
Conflicts, gifts and hospitality
Competing product lines, personal interests and relationships that could affect commercial judgement should be disclosed before accepting an assignment and when circumstances change. The parties can then decide whether the conflict can be managed.
Gifts and hospitality must be assessed by purpose, timing, recipient and the recipient organisation’s rules. They must not influence a procurement or approval decision. A low value alone does not make an inappropriate benefit acceptable.
Counterparty and opportunity checks
The checks needed should reflect the proposed role and risk. Relevant information can include legal identity, licensed activity, ownership and authority, the intended customer and end use, and the qualifications required to fulfil the assignment.
Where products, destinations or counterparties raise export-control, sanctions or other regulatory questions, the responsible parties must establish the applicable requirements and obtain appropriate specialist advice or approvals before commitment.
Fair procurement and accurate statements
Buyer procedures, deadlines, confidentiality requirements and clarification channels should be respected. Qualifications, references, product claims and certificates must be accurate and attributable to the entity or product they describe.
Supplier registration and programme membership should be described precisely. They do not constitute a government endorsement, a contract award or a guarantee of preferential treatment.
Confidentiality and commercial records
Confidential product, pricing and customer information should be exchanged only for the agreed purpose and with the people who need it. Where required, confidentiality terms should be agreed before sensitive material is shared.
Material approvals, commercial terms and changes to the assignment should remain traceable. Website enquiries are governed by our privacy notice; confidential technical or identity documents should use an agreed exchange route.
Questions and concerns
Raise an apparent conflict, questionable payment request, misuse of company information or concern about a LEGATUS engagement directly with company management. Give sufficient factual context for the matter to be assessed, while avoiding unnecessary sensitive information in an initial email.
PROFESSIONAL GUIDANCE
References behind the principles
The guidance below addresses professional representation, proportionate integrity measures and responsible commercial relationships. It supports the approach described here without implying membership, certification or endorsement.
Further reading: IUCAB: Code of Ethics & Conduct · ICC: Rules on Combating Corruption · OECD: anti-bribery guidance, Annex II
CONTACT
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