inadequate due diligence procedures

Update: Winter 14/15

Update: Winter 14/15

Newsletters | read time: 1 min

inadequate due diligence procedures

A group of senior figures from a cross-section of multinational organisations joined GoodCorporation for the Autumn Business Ethics Debate at the House of Lords in October.

With five countries in the region in the bottom ten of Transparency International’s Corruption Perceptions Index 2014, this is clearly a problematic part of the world in which to do business.

Particular areas of concern were discussed including the use of agents and intermediaries, gifts and hospitality, facilitation payments and the treatment of workers on construction projects. Public procurement also remains weak in poorly governed states, posing a real risk to companies.

For a full summary of the debate visit our website

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