Albemarle Code of Conduct for Business Partners - Flipbook - Page 25
RECORDING BUSINESS
& FINANCIAL TRANSACTIONS
INVOLVING ALBEMARLE
Albemarle maintains the trust of our investors if the Albemarle financial information provided to them is accurate
and complete. Albemarle’s Business Partners and other key stakeholders are expected to maintain internal controls
to ensure that books and records relating to Albemarle fully and objectively reflect our business and financial
transactions and their underlying business purpose in a materially accurate manner.
We expect our Business Partners to:
Create business information for Albemarle that is clear, accurate, complete and in accordance with applicable laws, accounting rules
and practices.
•
Ensure that business information accurately reflects the underlying transaction or event.
•
Ensure sale or purchase transactions conducted on behalf of Albemarle are supported by a written contract (such as a vendor
agreement or purchase order).
•
Maintain such books, accounts, and records in accordance with document retention periods stipulated in contracts with Albemarle.
In order to ensure its own compliance with applicable laws, and consistent with and subject to Albemarle’s contracts with
its Business Partners, Albemarle expects its Business Partners, for a period of 2 years after the end or termination of its
business relationship, to allow Albemarle or its selected representative to audit such books, records and electronic data
during the Business Partner’s normal business hours in order to evaluate whether the Business Partner has complied with
its obligations under its contract with Albemarle, this Business Partner Code and all applicable laws.
Business Partners must not falsify, alter, destroy or tamper with business information to misrepresent or conceal a transaction
or event involving Albemarle.
WORK I NG WI TH A LB EMAR LE
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