Corruption is bad for society and bad for business, posing severe financial, operational and reputational risks. Now more than ever, companies are taking action to implement serious and effective anti-corruption measures and policies within their strategies and operations.
Here are six ways you can promote transparency and accountability in your company:
- Commit: Make anti-corruption part of your company culture and operations. Show your employees, customers and suppliers that your company has a zero-tolerance policy on bribery & corruption
- Assess: Know your risks and prepare for them. Recognize opportunities to improve your business by improving compliance
- Define: Define what success means for your company. Develop goals, strategies and policies and get buy-in from colleagues by clearly showing the importance of these policies
- Implement: Make anti-corruption programmes and policies integral throughout your company, including your value chain
- Measure: What gets measured gets done. Monitor and measure the impact of your anti-corruption policies to identify what’s working and what still needs work
- Communicate: Consistently communicate your progress to stakeholders, always striving for continuous improvement