Risk Areas: Bribery and Corruption

Stamp out bribery and corruption in your organisation and your key third parties

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Typical Challenges

Companies have an anti-bribery policy only and lack a comprehensive programme that is expected by most customers and meets global best practices

Insufficient training and knowledge on bribery and corruption issues in executive teams, which leads to poor risk assessments and a lack of appreciation of risk in emerging markets and among key third parties.

Lack of monitoring and measurement of key indicatiors of controls leads to an underuse of data analytics in reviewing key predictors of bribery and corruption.

A request for an audit and independent certification of an anti-bribery management system according to ISO 37001.

Billion dollar fines and destroyed reputations drive an increased focus on managing corruption risks

Corruption can manifest itself in many forms, from criminal acts like bribery, extortion, and embezzlement to sometimes legal but ethically questionable practices like nepotism, patronage and cronyism. For organisations, this presents a variety of risks. Corrupt employees or partners may siphon off corporate assets, while giving or receiving bribes can incur heavy legal penalties and exclusion from future contracts, as well as reputational damage.

These risks require mitigation in order to avoid major investigative costs, fines and reputational damage. An effective anti-corruption programme demonstrates an organisation’s commitment to ethical business practices and differentiates it from less scrupulous competitors.

Speeki is a global leader in implementing, managing, auditing and certifying anti-corruption programmes. With over 20 years' experience in anti-corruption matters, our consulting team and technology solutions are known world-wide as best practice.

Bribery can crop up anywhere. That’s why we search everywhere and don't rely only on 'hotline reports'

Speeki’s unique multi-signal approach draws real-time data from across your stakeholder set – from employee interviews, conversations and reports to supplier disclosures and social media chatter.

Bribery signals can be as overt as a whistleblowing report about management’s unexplained favour of a supplier, or as subtle as a large transaction made days before year end.

Our programme design for anti-corruption is wide and detailed. Our solutions are best in class.

Join the dots to shield your company from potential bribery

Speeki’s anti-corruption experts combined with the data sets in the signals collected by Speeki, mean we focus on building a preductive model on potential bribery. Every type of bribery and corruption falls broadly within known scenarios and leaves discernible signatures in the data that are precursors and predictors which, in our view, can be detected with an accuracy of over 90%. We urge clients to think about predicting corrupt practices rather than simply managing them when they arrive.

So while an employee experience dashboard may show high staff turnover within the procurement department, but exit interviews are stating “all is fine”, Speeki will flag these inconsistencies that you might otherwise miss and build up a range of evidence points.

Take corrective action to raise the bar and constantly improve

Armed with the key insights of specifically where bribery and corruption are most likely to occur or are already taking place in your company, Speeki provides a comprehensive array of reparative actions that close the risk loopholes and then raise the difficulty barrier against creating new ones. These include Speeki-led investigations that translate into programme improvements and specific digitally-delivered training courses. Speeki offers a gap analysis solution against best practices and the ISO 37001 Anti-Bribery Management Systems Standard. Speeki conducts assessments, reviews, audits, programme control assessments and improvement of programmes.

How Speeki can help

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Signals

Hear all voices and listen to the market messages

We provide your company with integrated tools to manage corruption risks by capturing signals and warning signs from your business. We focus on your whistleblower programme as well as traditional and social media monitoring to identify corruption risks.

Insights

Interpret data like never before

Speeki’s experts and data from our core platform builds new insights into possible loopholes that leave your organisation open to corruption risks. We help you to move from being reactive to predictive.

Actions

Address issues while they are still emerging

From specialised training and e-learning courses to establishing an entire anti-bribery management system, Speeki has all the solutions to help companies address bribery risks. We are a global provider of certification solutions (subject to an independence assessment and offered by Speeki Europe).

Speeki is a recognised leader in anti-bribery compliance and can help build, modify or improve any programme for any sized company in any part of the world.