Preventative Measures Against Commercial Bribery and Corruption
April 01, 2007 | BY
clpstaffBy Peter [email protected] China, it is the responsibility of each individual business organization to determine the ethical standards of…

By Peter Yuen
In China, it is the responsibility of each individual business organization to determine the ethical standards of behaviour for its management and employees. Management of a responsible company should ensure that the anti-corruption and anti-bribery policy adopted by the company is enforceable, practical, up-to-date and set in accordance with fair competition principles. A well-established anti-corruption and anti-bribery policy can help prevent corruption and fraud, control and minimise damages should these activities occur, and build a company's reputation.
What Should be Included
Promotion of Honesty
Responsible management should aim to build a culture where employees are expected to carry out their duties to the