Let’s Talk About Anti-Corruption Compliance
In today’s world, due to tightened anti-corruption legislations and regulations, anti-corruption compliance’ has become a regular part of our lexicon. Combating corruption and bribery is no longer ‘new’ to businesses, as stricter enforcements and prosecutions force companies to rethink their compliance policies and procedures.
According to Transparency International UK, there are signs of improvement in anti-corruption acts as many businesses around the world are increasingly addressing corruption risks in the recent years.
Despite this positive outlook, their survey revealed that out of all our world’s major defence companies, two-thirds are failing in their endeavour to combat corruption in their business operations. Out of 163 companies surveyed from 47 countries, an alarming 107 were found to have limited, or no evidence of ethics and anti-corruption programs.
It shows that even though companies appear to be more receptive towards anti-bribery and corruption practices, a large portion are not demonstrating a genuine commitment to stamping out corruption and improving transparency.
The following whitepaper examines seven key areas of an anti-corruption compliance program and ways in which organizations can step up their anti-corruption compliance.
- Are companies doing enough to combat corruption?
- Setting policies and ensuring the code of conduct is adhered to
- Employee onboarding
- Employee & third party training for effective implementation
- Ensuring whistleblowing procedures are in place
- Importance of due diligence practices
- The importance of positive investor & regulatory perception
Download your copy of the whitepaper Stepping up Anti-Corruption Compliance.
[citesource][source]In conjuction with ethiXbase http://ethixbase.com/[/source][source]http://cdn2.hubspot.net/hubfs/181862/docs/ethiXbase/whitepaper__-_Stepping_up_anti-corruption_compliance.pdf[/source][/citesource]