Anti-bribery code launches for businesses

6 May 2009

07 May 2009 | Martha McKenzie-Minifie

An anti-corruption organisation is warning businesses to be more vigilant about risk in the downturn.

In the latest edition of its code, Transparency International (TI) sets out best practice for companies seeking to address the threat of bribery.

The updated advice, Business Principles for Countering Bribery, was developed by an international steering committee and includes tips on the areas that an anti-corruption programme should cover.

Jermyn Brooks, private sector programmes director at TI, said the recession meant it was more important for companies to be vigilant.

"In difficult times companies may be tempted to relax their consideration of risk to reduce costs or help them search for new markets," he said.

"But enterprises need to be aware of and manage the full range of risks they face, including that of bribery."

Copies of Business Principles for Countering Bribery are free.

The UK government plans to strengthen anti-bribery measures and published draft new laws in March.

SMmay2009

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