Helping SMEs on how to resist corruption in business

How to prevent situations of bribery?

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.