A governance framework for anti-corruption and responsible business
Canadian organizations tend to view anti-bribery and anti-corruption (ABC) efforts as niche legal and regulatory concerns, rather than as what they are: central to doing business responsibly and meeting the environmental, social and governance (ESG) expectations of stakeholders. It is time that organizations recognize that the goals of running a sound business, realizing sustainable profits and making a positive ESG impact go hand-in-hand with managing both domestic and global corruption risks in a timely and effective manner.
This document presents a globally accepted framework for an effective ethics and anti-corruption compliance program to help scandal-proof an organization. It follows the prevent-detect-respond methodology that brings together the hallmarks of an effective compliance program and groups them according to their objective.
Key takeaways:
- having the right culture, policies and systems to prevent misconduct from occurring
- structures and controls to detect deviations from accepted practices
- tools and methods to respond to such deviations
The framework has its origins in the anti-bribery and anti-corruption context but will also benefit organizations striving to meet the broader emerging responsible business challenges of ESG.