Implementing a Robust Due Diligence program


Due diligence is a vital tool in the prevention and discovery of corruption. the uk Bribery act makes it urgent for companies to use that tool as efficiently and effectively as possible. yet in a recent survey*, while almost three quarters of respondents said they have anti-corruption programs in place, nearly half said they lack confidence in their due diligence processes.Both the act and the government’s guidance make specific reference to due diligence and its importance. But it isn’t always clear how to create and operationalize a strategy. this report sets out one view of how to use due diligence to help your company navigate the risks that bribery and corruption pose to all companies. the first section explains the background and the thinking behind applying due diligence, and the second explains how to execute it. the recommendations in this report should be taken in conjunction with legal advice on appropriate steps for your specific situation.

it is important to get a good, robust, companywide framework in place to handle due diligence. Failure to comply with
legislation like the Bribery act or the u.S. Foreign corrupt Practices act can cost hundreds of millions of pounds or
dollars in fines. But an inability to deal with the issue can also harm business in other ways: according to the survey, more than half of companies had delayed or avoided working with global business partners because of concerns about corruption.

Detailed report can be downloaded from the link: here