In Real Business, Corporate solicitor Ayesha Chandegra writes a piece on bribery within SME supply chains.
This comes after a recent report where less than a third of corporations failed to address corruption and bribery issues with their suppliers despite commitments to sustainability policies.
SMEs should have in place an anti-bribery and corruption policy internally for its staff and with supply chains to ensure compliance with the law and to promote ethical trading. To draft such policy, as a starting point, an assessment should be carried out to consider the risks exposed to supply chains and how the SME plans to combat it. Ayesha shows what to look out for and monitor.