You are here

Safeguarding your company against corporate corruption overseas

In a bid to keep bribery at bay, Singapore companies need to reassess three key areas - corporate culture, standard operating procedures and environment scanning.

Ethical standards must be established by the management in active partnership with the company and its employees. Corruption thrives on human frailties accompanied by lack of supervision and controls. Ethics, when ingrained in the culture of an organisation, is the best bet to counterbalance these human frailties and oversight.

SINGAPORE has long been admired for its tough anti-corruption stance and is exemplary for its strict enforcement regime against corrupt practices. In Transparency International's (TI) Corruption Perceptions Index 2016, Singapore was ranked seventh in the world as one of the least corrupt...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to