WHY SHOULD COMPANIES CARE ABOUT AN ETHICAL BRIBERY AND CORRUPTION WORK CULTURE?
Unethical behaviour presents a clear risk to the image and reputation of the organisation, as well as its sustainability. Equally there are clear benefits to adopting an Ethical Culture.
- The benefits of an enhanced reputation and reduced risk of scandal
- Greater trust from shareholders that their investments are being managed with integrity
- Greater customer trust and satisfaction
- Less chance of fines, trade restrictions and prosecution
- Reduced bribery, fraud and corruption expense
- Less management time handling FCPA and UK A reports and issues
Greater attraction and higher retention of ethical employees and top human talent who wish to be associated with an ethical organisation, thus resulting in improved productivity due to Improved risk management, Less risk of supply chain issues,Improved performance and bottom line, Improved sustainability.
Adopting a zero tolerance policy towards fraud, theft, corruption or any similar illegal behaviour and taking appropriate disciplinary action
- Providing a confidential internal help line and a confidential external whistleblowing line
- Promoting an anonymous tip offs line run externally with rewards for information which leads to successful preventions of fraud, theft, corruption or illegal behaviour
- Undertaking ethics research via staff culture and values survey to set a benchmark for ethics awareness against which improvement targets can be set
- Establishing an Ethics Office/Ethics Officer to manage the internal ethics programme and empower managers at all levels to integrate ethics in their day to day actions and behaviour
- How to setup A Board Ethics Committee
- Moderating Anti Corruption blogs and ethics chat on intranets with practical examples of what is acceptable and what is not acceptable behavior
- Celebrating local organisational heroes who demonstrate ethical behaviour