This blog post was originally published by Accountability Lab. Posted on CCTrends with permission. “Power doesn’t corrupt people, people corrupt power.” – William Gaddis Corruption, defined as exploitation of entrusted power for private benefit is, unfortunately, prevalent in Pakistan. It can take many forms, including bribery, graft, theft and extortion. In the corporate sector, its… Read More
Compliance is essential to avoiding corruption in value chains but it is still not the primary focus for many business owners, especially in emerging markets. As Director of Public Policy at the Society of Corporate Compliance and Ethics Corporate Joe Murphy explains, “Making sure your people do the right thing may just not seem as… Read More
Last week I was reviewing a company’s supply chain code of conduct which was sent to thousands of distributors around the globe. It was not impressive. Cluttered with unnecessary and complex language, it featured lengthy paragraphs and heavy use of the passive voice. It was written in English but distributed in China and Russia — ignorance of international audience… Read More
According to an Ernst and Young Report, the U.S. Department of Justice said in 2012 that more than 90% of its anti-corruption actions involved the actions of third parties. The heads of compliance programs worry that they don’t know where to begin when designing a process for reviewing all third-party business partners. Why we are so… Read More
In a worrying sign for Pakistan’s ability to attract and maintain foreign investment, two prominent manufacturers have announced recently that they are pulling out of the market, citing supply chain concerns including corruption. “Investors are the backbone of any country. Protection of their interests is an important duty of the market regulators,” noted Shariq Zaidi,… Read More
Whistleblowers can be one of the most effective ways for companies to find out about and address potential ethical and legal violations, making them an important part of any anti-corruption compliance effort. Recently, the Society of Corporate Compliance and Ethics (SCCE) conducted a survey on helpline calls and incidents reports. The survey, based on 677… Read More