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What should companies do to minimise the risk of corruption?

Irish businesses, both at home and abroad, should implement anti-corruption policies and practices, including anti-corruption guidelines, training, internal audit procedures and reporting requirements. The challenge for business is to maintain, review and develop these measures to respond to changing circumstances.

Some specific measures a business could implement may include;

  • establishing an anti-corruption policy;
  • ensuring all employees are familiar with the relevant bribery and corruption laws, their roles in the business, their responsibilities and the appropriate response to any suspicion of corrupt activity;
  • ensuring that agents and partners, who are representing or purporting to represent your business, have adequate and valid credentials for the activities being undertaken;
  • establishing monitoring and reporting requirements for agents and partners representing your business;
  • establishing a clear and accessible system for the reporting of any suspicious behaviour.
What other actions are in place to tackle bribery and corruption?
What effect does bribery and corruption have on business transactions?
What should I do if I am suspicious of corrupt practices?
What is Bribery and Corruption?
What should companies do to minimise the risk of corruption?
What are Ireland’s international obligations in the fight against corruption?