Risk is an inherent part of a business. It refers to the uncertainty, potential loss, or adverse outcomes a company may face due to its business activities. Businesses may encounter a variety of risks, including operational, behavioural, strategic, financial, legal, and reputational. However, there is one risk that encompasses all of these – corruption*. Bribery…
Tag Archives: anti-corruption risk assessment
Writing on the Ethical Corporation website, Gareth Thomas looks at the findings from GoodCorporation’s paper on the effectiveness of anti-bribery programmes in combating corruption. According to the paper, the risk of bribery is highest among third parties and intermediaries, yet due diligence in this area is worryingly low. Across the globe, governments and regulators are…
