CIPS L4M8 Exam - Topic 12 Question 56 Discussion
Why is it important to have adequate procedures in place within an organization in relation to bribery?
A) Explanation:
Bribery is the act of giving someone something of value to persuade them to do something that benefits you. Ethical and responsible sourcing requires conducting due diligence on bribery before going into contractual relationship because failure to this might lead to loss in reputation.
In other for an organization to defend itself against a case of suspected bribery, the United Kingdom bribery Act introduced in 2010 suggests that organizations should have adequate procedures' in place.
The following are six procedures an organization should have in place to be able to defend itself against bribery
1) Proportionate procedure
2) Top level commitment
3) risk assessment
4) due diligence
5) communication
6) monitoring and reviewing
Shawnta
9 months agoLuis
9 months agoTamekia
9 months agoKing
9 months agoAilene
9 months agoWhitney
10 months agoJose
10 months agoLeota
10 months agoLauran
10 months agoHaley
11 months agoAnika
11 months agoTanja
11 months agoFranchesca
11 months agoJoni
1 year agoEstrella
1 year agoDenny
1 year agoNohemi
1 year agoMoon
1 year agoJunita
1 year agoVonda
1 year agoRikki
1 year agoFelicitas
1 year agoMerissa
1 year agoCeola
1 year agoMarylyn
1 year agoLorriane
1 year agoBenedict
1 year agoKent
1 year agoThersa
1 year agoDorcas
1 year agoAlberta
1 year agoWeldon
1 year agoIsaiah
1 year ago