Due Diligence Tools
This element contains flowcharts illustrating the particular points where companies should be alert to corruption in a series of specific and common situations. A systemised strategy towards standard business procedures may significantly reduce the risk of being subject to corrupt practices. Flowchart tools have been developed for the following situations:
Corruption and bribery are seen in numerous relations. In certain situations it could be disastrous to make the wrong decision. Therefore, simple flowchart and guidance documents can be of great help when doing business in countries with a high level of corruption. The decisive factor is that the company has an overview of situations where it might be exposed to corruption, and that this knowledge is used in the preparation of a policy and a strategy.
Risk management combined with the collection and aggregation of knowledge is paramount for companies in their practical work with anti-corruption. Experiences from several countries where companies pursue a zero-tolerance corruption policy indicate that the aggregated knowledge about corruption costs is decisive for this attitude.
The idea is that companies themselves develop a flowchart using the described examples supplemented with information from the Information Networks and Country Profiles when elaborating an anti-corruption strategy that fits the company's products and the markets in which the company operates.