Conduct a risk assessment
- Research to review the situation of bribery in the country or area where your company will make investment. How serious are bribery issues there?
- Evaluate the bribery risk in the sectors you will make investment.
- Review contracts with agents and other business partners, check terms of payment and commissions to be clear and consistent with the service provided.
- Determine measures to evaluate integrity of suppliers, partners and customers.
- In a global supply chain, it is necessary to identify expectations of customers in confront to anti-bribery.
- Study the laws and regulations that affect your investment and business – bribery is illegal in most countries.
Agreement on anti-bribery program:
Based on risk evaluation, businesses can develop an anti-bribery program and ensure they always act honestly, openly and widely communicating to stakeholders.
Below are some fundamental suggestions for reference and application in business transactions:
- You should collect and keep evidence to prove that you were compelled to do and should proactively inform the competent authorities to find suitable action.
- Find an appropriate refuse to prevent or restrict:
- Ignore the claim and limit direct interaction with grafters;
- Complicate issues by requiring documents to report and submit to authorized entities;
- Convey a forceful message about compliance with the Code of Conduct in your business;
- Suggest more appropriate and “integrity” methods;
- Report and notify relevant authorities;
- Jointly involved with other businesses to limit the pressure of corruption.