The anti-corruption policy will outline the ethical and behavioral expectations of a corporation. The policy will provide guidance on the principles, standards, and responsibilities of conduct for all employees in the performance of their duties. These guidelines will help to protect an organization against high risk, particularly if business operates in foreign jurisdictions, interacts significantly with government officials, and relies on third-party agents during the normal course of operations.
Risks addressed by this policy:
- Legal action taken against a corporation as a result of corruption
- Hiring poor quality staff as a result of favoritism or nepotism
- Corruption goes unnoticed because of fear of whistle blowing