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The Modern Slavery Act 2015 (“the Act”) came into effect on 29 October 2015 and requires those entities carrying on a business or part of a business in the UK, supplying goods or services, and having annual turnover of £36 million or more to disclose information regarding the steps they have taken to eradicate slavery and human trafficking from their supply chain as well as within their own organization during the previous financial year.

Xexec publishes this Modern Slavery Act Statement on its corporate website for the fiscal year ended 31 March 2018:

UK Modern Slavery Act (“MSA”) Statement
Xexec is committed to good corporate citizenship and the highest ethical standards. To fulfil these requirements, Xexec has established and maintains systems and controls to ensure that slavery and related human trafficking do not form part of the supply chain.

Xexec was established in 2000, and is a London-based company limited by shares organized under the laws of England and Wales. We provide benefit and recognition solutions across the globe, using suppliers across a number of different fields including businesses with operations in US, Europe and Asia.

Xexec is a global leader in Employee and Member Benefits and Recognition solutions.

Xexec is committed to sourcing quality products from suppliers who share its ethical values.

Xexec’s Code of Conduct provides important guidelines for our interactions with customers, suppliers and other business partners, and one another.

All colleagues are encouraged to raise concerns; this includes violations of (i) the Code of Conduct; (ii) company policies; and (iii) the laws of the countries in which Xexec operates. Xexec has reporting mechanisms in place to collect and relay information regarding potential violations to appropriate company resources for review and follow up.

Xexec conducts web-based and/or face to face training for employees to emphasize the importance of acting with integrity.

Some of Xexec’s suppliers are located primarily in the UK, Europe and the US. We make several efforts to implement a zero-tolerance policy for human rights abuses. Xexec (i) clearly communicates its expectations to suppliers to ensure adherence of its values and ethical standards; (ii) establishes appropriate policies and processes within its businesses to make sure that the products it is selling meet the highest standards; and (iii) utilises both internal and external resources to evaluate any suppliers based in higher risk countries and audit them against recognised industry standards.

Xexec has implemented a number of processes to assess suppliers of the products introduced into the supply chain. The focus areas included in the assessment process include, but are not limited to, Commercial, Compliance and Quality Assurance. These supplier agreements include language that requires all suppliers to obey national and regional statutory requirements in the country in which they are operating, including any applicable national laws regarding human trafficking, forced labour and other forms of modern slavery.

If remediation is required, Xexec works with its suppliers to improve their standards with corrective action plans and on-going reviews to make sure the standards are maintained. Xexec aims to build relationships with its suppliers to ensure adherence to its values and ethical standards.

Xexec carries out periodic supplier audits and, where issues are identified, it works with the supplier to ensure improvements are made. Audit findings or non-conformances are prioritized based on risk. Should a critical issue be identified, Xexec would require a timely response from the supplier, and if a supplier failed to adequately remediate the issue, the relationships would be re-evaluated and, if necessary, terminated.

Xexec continuously evaluates its monitoring program to ensure all actions are consistent with industry norms, and it believes all efforts to date have been effective in preventing slavery and human trafficking from infecting its supply chain.

This Statement is made pursuant to Section 54 of the Modern Slavery Act 2015 and constitutes Xexec’s slavery and human trafficking statement for the previous financial year (FY18).

London, United Kingdom
Jacqueline Benjamin, Director
Saul Meyer, Director