What is an Anti-Corruption & Anti-Bribery Policy?
- A statement of a company’s commitment to ethical and anti-corruption & bribery practices in doing business, its position and key measure against corruption and bribery.
- It sets out the basic standard of conduct expected of all staff and board members.
- It includes the company’s stance on acceptance of advantage and handling of conflicts of interest.
- It is to be issued to all staff members, directors and members of any management board and needs to be made clear that the policy applies to all personnel.
The main elements of an Anti-Corruption &
Anti-Bribery Policy are as follows:
- A pledge to adopt ethical and anti-corruption and anti-bribery business practices.
- Scope of the policy.
- Statement of policy against corruption and bribery in doing business.
- Absolute zero tolerance of corruption of any form.
- Integrity and conduct requirements for all the company’s personnel.
- Ethical and anti-corruption requirements for board members and business partners.
- A Whistle-blowing policy for corruption and violation of the anti-corruption and anti-bribery policy, including the handling of reports.
- A short description of the company’s anti-corruption and anti-bribery programme.