A show of anger against former Brazilian president Luiz Inacio Lula da Silva, who was implicated in a corruption scandal ©Heuler Andrey
A show of anger against former Brazilian president Luiz Inacio Lula da Silva, who was implicated in a corruption scandal ©Heuler Andrey

Top tips to protect against corruption

SM's good practice tips to keeping your business secure

1. Advertise policies and processes to combat fraud and any whistleblowing details. It might put potential fraudsters off, advises CIPS.

2. Create ‘conflicts of interest’ documentation and circulate regularly to staff to read and sign.

3. Draw up policies around gifts and hospitality where these instances are logged and reported on regularly.

4. Conduct due diligence on suppliers.

5. Consider setting up a procurement breach process – exception reporting for anyone who falls out of the process.

6. Use a two-person change process in the procurement team, so suppliers are not added or deleted without another staff-member knowing.

7. Clear old suppliers out of the system, such as anyone who hasn’t been present
for a year.

8. Watch staff movements. If someone goes to work for the supplier the contract was awarded to, investigate.

 

How to deal with the fallout of a corruption reveal in your business

1. Refer to Transparency International for how to detect and deal with corruption

2. Change leadership staff, promoting new expectations and policies, and building capability and culture

3. Consider a memorandum of understanding (MOU) with the police to recover monies under the Proceeds of Crime legislation

How to keep corruption out of your business

Brazil's corruption crisis

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