GoodCorporation launches Anti Bribery & Corruption Framework
To help businesses test the efficacy of their Anti-Corruption procedures, GoodCorporation has developed an Anti Bribery and Corruption framework.
GoodCorporation’s Bribery and Corruption Framework has been designed in the same way as its Standard for corporate responsibility. It has a list of 60 good management practices that companies should follow to protect themselves against the risk of malpractice initiated from inside or outside the organisation. Click here to see the Framework.
It has been developed using GoodCorporation’s extensive experience of testing anti-corruption practices in companies based in some of the world’s most challenging environments.
Assessment of Effectiveness
Assessment against the GoodCorporation Bribery and Corruption framework will give an independent view on how robust processes really are and identify where policy gaps may exist.
GoodCorporation’s ABC framework contains a list of practices that apply to any business or organisation. For companies that already have their own anti-corruption policy, or share an industry-wide one, the framework can be customised to suit particular requirements.
The assessment follows the same process as our Corporate Responsibility Standard. Assessors review the policies, the processes for deploying them, and the data that demonstrates their effectiveness. Key stakeholders are interviewed to test that processes really are working in practice. Detailed reports are given to senior management on areas of strength and weakness and the improvements that can be made are identified.
Due Diligence
GoodCorporation is using this framework to help its clients to manage risk reviews and set up due diligence processes on suppliers, contractors, intermediaries, agents and joint venture partners. Under the Act, a company may well be liable for the malpractice of third parties. Companies should put in place a decision-tree (see GoodCorporation’s example here) to help them to decide which third parties they want to screen and should prepare a due diligence procedure to screen each type of third-party.
Training
GoodCorporation also provides a range of on-line and classroom based Anti Bribery and Corruption training to help its clients respond to the needs of the Act.
Posted July 2011
Notes to Editors:
1. Leo Martin and Michael Littlechild, directors of GoodCorporation are available for interviews, briefings or written comment
2. GoodCorporation is a leading adviser in the field of business ethics, specialising in the assessment of responsible business management and anti-corruption practices.
Media Enquiries:
Sally McGeachie 020 8877 5300 or sally.mcgeachie@goodcorporation.com