For Suppliers: Business Ethics
The Principal® conducts business to the highest standards of ethics and fairness.
To strengthen business relationships between suppliers and buyers at The Principal, we do not accept gifts, favors, or entertainment as conditions for doing business with us.
- We do not accept gifts of any nature. Please refrain from offering gifts.
- Social events as part of the agenda at conferences and seminars is considered acceptable business practice.
- We do not accept invitations for trips or events with the primary purpose of entertainment (for example, golf outings, sporting events, theater tickets, dinners, etc.).
- A visit to a supplier or product installation site may be beneficial to the selection/acquisition process. In these instances, The Principal should incur the travel and lodging expenses, or reciprocate to keep the relationship in balance.