As tiers of suppliers become more remote from the principal contractor, the opportunities for corruption become greater with less clarity over everything from conflicts of interest to beneficial ownership and financial transparency.
Supply Chain Management
Does the company require the involvement of its procurement department in the establishment of all new supplier relationships and in the oversight of its supplier base?
Does the company conduct a risk-based anti-bribery and corruption due diligence when engaging or re-engaging with its suppliers?
Does the company require all of its contracted suppliers to have adequate standard of anti-bribery and corruption policies and procedures in place?
Does the company ensure that its suppliers require all their sub-contractors to have anti-corruption programmes in place that at a minimum adhere to the standards established by the main contractor?
Does the company publish high-level results from ethical incident investigations and disciplinary actions against suppliers?