In the fourth and final video of CIPE’s Anti-Corruption Compliance series explains the remaining steps for instituting an effective compliance program, continuing off of what was laid out in the third video. The animated video explores how a company can implement the following points: monitor and audit the quality of the internal control system’s performance… Read More
The third video of CIPE’s Anti-Corruption Compliance series looks into detail the initial steps for instituting an effective compliance program. The video explains how to implement the following points: conduct a risk assessment for a company’s specific business unit, geographic location, or for the entire firm; develop a code of conduct with anti-corruption and bribery… Read More
The second video of CIPE’s Anti-Corruption Compliance series explores what corruption is, and also provides an overview of best practices for implementing an anti-corruption system in a company. The animated clip outlines why taking a prevent, detect, respond framework works best for companies and how to reduce risks by setting up a comprehensive compliance system… Read More
As highlighted in a previous Corporate Compliance Trends post about the importance of anti-corruption efforts in Indonesia, corruption is a major problem in the country. According to a Gallup poll, more than 8 in 10 Indonesians say that corruption is widespread throughout the nation’s government and businesses. Instances like the current corruption allegation involving the House… Read More
Corruption costs a lot of money for citizens around the globe. The World Economic Forum and the World Bank estimates that corruption reduces global GDP by 5% ($2.6 trillion) per year with over $1 trillion paid in bribes. For businesses, corruption makes up 10% of the total cost of doing business and up to 25% of… Read More
Emerging market countries are absorbing more investment than ever before, much of it from large multinationals. More than $886 billion in foreign direct investment (FDI) flowed into developing and transition countries in 2013, an all-time high. And businesses will continue expanding operations into emerging economies as the annual consumption in these markets is expected reach $30 trillion. At… Read More