It is illegal to conduct corruption – the unlawful acts seeking an advantage. Bribery, exploitation of power, extortion, fraud, deception, collusion, cartels, embezzlement, money laundering, and facilitation payments are means of corruption.
In the world, we have laws and regulations to combat all kinds of corruption crimes. For listed companies, e.g., in Hong Kong, we have disclosed anti-corruption policy and the preventive way to comply.
Anti-corruption policy, just like other policies, is the means to shape the organisations’ behaviours. Top management’s published commitment and pledge against corruption and zero tolerance of corruption are a clear message of integrity and conduct requirements for all company personnel internally and business partners externally.
Whistleblowing is a means to evade the wrong-doings from any component of the organisation before things happen.
One of the organization’s goalkeepers is Finance Department, which can effectively conduct a financial control system to oversee financial transactions or finance-related activities. Other businesses, functional and operational goalkeepers, supervise the day-to-day operations to comply with all relevant regulations and internal policies and procedures, ensuring subordinates are aware of the company’s policy and guide them to avoid encountering the situation and reporting irregularities to top management.
As a front-line staff facing suppliers and clients, you are vulnerable to corruption risks. Such temptation could be shaken away by understanding the legal consequence and workplace requirement towards anti-corruption.
You should know what the appropriate reporting channels are when confronting corruption matters. Anti-corruption is a code of conduct for all company personnel, including directors and staff.
You should seek out what the company explicitly defines as excessive, inappropriate, and undesirable to maintain a high integrity standard when staff is offered advantages.
The corruption Prevention Department suggested a five-step approach to handling conflict of interest in the conflict-of-interest issue. The five steps are: Avoid any conflict of interest. Declare the conflict of interest to the designated persons. Resolve the dispute. Exercise duty fairly and impartially. Supervise to ensure the proper performance.
You can be corruption-prone because of the substantial business interest in your functions, which are Procurement. Sales and marketing. Inventory management. Human resources management. And charitable or community activities.
Understand the policy and the risks, stay away from corruption.
By: ANewR Consulting Limited, a digital environmental consultant headquartered in Hong Kong since 2008. Our expertise has grown into the context of air and water qualities, noise, green building, waste management, and remediation. With extensive know-how in environmental planning and assessment, feasibility study and policy review, ecological design, monitoring, and audit (EM&A), ANewR has matured to be a leading management consultancy. Standing in the digital transformation reign, ANewR has participated in various environmental digital projects – interactive 3D visualisation, immersive automation virtual environment, Virtual reality, automation system, and monitoring platforms.
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