Preventative Measures Against Commercial Bribery and Corruption

April 01, 2007 | BY

clpstaff

By Peter [email protected] China, it is the responsibility of each individual business organization to determine the ethical standards of…

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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