Corruption is the abuse of entrusted power for private gain. It corrodes the fabric of society. It undermines people’s trust in political and economic systems, institutions and leaders. It can cost people their freedom, health, money – and sometimes their lives.
Corruption poses a risk that companies must recognise. There is a need for anti-corruption programmes, to avoid incurring the costs mentioned above, and to mitigate legal, commercial and reputational risks.
Transparency implies openness, honesty, communication, and accountability. It means operating in such a way that it is easy for others to see what actions are performed. The implication of transparency is that all a companies’ actions should be scrupulous enough to bear public scrutiny.
In several countries and regions, legislation that mandates corporate transparency is either underway or already enacted.
Outrospection can help you:
- Focus on the risk and challenges presented by corruption and its different manifestations within your organisation.
- Understand the subject of corruption, its nature and prevalence in the personal, functional and political context.
- Identify corruption issues and risks in your organisation.
- Recognise practical preventive approaches for, and examples of, countering corruption.
- Draft successful practical integrity measures.
- Understand personal conduct and conduct of staff and how this can be reinforced through clear ethical guidance, and recognise that strong personal integrity impacts on conduct at every level.
- Identify current best practice with regards to statements of values and codes of conduct, their form and content.
Guide your decisions and policies on the disclosure of information to its employees and the public.