Bribery and corruption are serious risks that can undermine your business, waste resources, and hinder your ability to achieve your goals. For Small and Medium-sized Enterprises (SMEs), having the right tools to manage these risks is essential, especially where staff may wear multiple hats.
Supporting small businesses
The Bribery Prevention Network recognises that SMEs often have limited resources and may not have dedicated risk or compliance specialists. SMEs are encouraged to take a proportionate approach to bribery and corruption control that matches its risk profile, operating environment, and size.
The BPN offers a range of tools and guidance that can help SMEs manage bribery and corruption risks effectively. These resources are designed to be applied with limited resources and staff, providing scalable and practical support.
Where to start
Having clear Anti-Bribery and Corruption (ABC) policies is increasingly important for SMEs – not just for ethical operations and legal compliance, but also to ensure you’re well positioned for opportunities, such as entering new business relationships as a trusted partner.
Start small. There are certain essential components that your business needs. An initial ABC framework should include:
- A formal anti-corruption policy statement declaring zero tolerance for bribery and corrupt activities
- Clear procedures for employees to follow regarding gifts, hospitality, and interactions with officials
- Risk assessment process to identify vulnerable areas of your business
- Whistleblowing procedure for reporting concerns confidentially
- Due diligence procedures for assessing business partners and intermediaries