The United Nations Development Programme and the United Nations Office on Drugs and Crime are leading Against Corruption Today (ACT), a campaign to fight corruption across the globe. They have declared tomorrow, December 9th, to be International Anti-Corruption Day.
Anti-Corruption has been a hot topic lately for most companies, but in our business blogs, webinars and articles, we’ve tended to focus on the regulations and corporate financial impacts of non-compliance. The Against Corruption Today campaign focuses on the economic and social impact of corruption to regular citizens throughout the world.
Within their Call to Action Matrix, ACT recommends some familiar tactics for the private sector to improve the global economy and eliminate corrution worldwide
Strengthen democracy…
Foster economic stability by enforcing zero-tolerance practices towards corruption.A transparent and open business community is a cornerstone of any strong democracy.Promote justice…
Enact policies covering gifts, supply chain, whistleblowers and other key corruption issues, educate employees about them.Employees will work better if they feel confident that they are operating in a fair and just environment.
Bring prosperity…
Strictly enforce anti-corruption measures and use independent auditors to ensure compliance. Introduce “anti-corruption strategies” into the social dialogue (see Trade Unions).In the private sector, corruption increases the cost of doing business through the added “tax” of bribes, the additional management cost of negotiating with corrupt officials, and the legal and financial penalties of breached agreements or getting caught.
Participate in International Anti-Corruption Day by learning more from policyIQ and Resources Global Professionals
The policyIQ team recently hosted a webinar outlining tactics for using policyIQ to manage your Anti-Corruption Compliance Program. Check out the recording, or review the wrap-up blog post from that session to learn more.
And coincidentally, Resources Global Professionals will be hosting a webinar next Tuesday, December 13th (12 pm ET) titled International Compliance Enforcement: The Need for an Effective Best Practices Compliance Program. Hosted by Thomas Robert Fox, Resources consultant and FCPA / Anti-Bribery legal expert, this session will explore the best practices for establishing an effective global compliance program. Register today to secure your spot in this fantastic upcoming webinar!
