Why is International Anti-Corruption Day so significant?

Why is International Anti-Corruption Day so significant?

International Anti-Corruption Day is kept on December 9 every year to serve up as a remembrance for each entity in the interior of the corporate industry and further than to actively communicate and combat in opposition to corruption in lives in and out of the working environment.  Initiated by Peter Eigen, a World Bank official who detected the objectionable imprint of corruption in East Africa, Transparency International was established to find ways of enlightening others and remains to be one of the greatest well-known administrative bodies antagonising corruption in countries transversely. The secretariat was set up in Berlin in 1993 and has since expanded to accommodate the International Anti-Corruption Conference every two years to assemble civil society, bureaucrats, non-profits, and political leaders going on special, cross-cutting disputes modelled by corruption. It held its first virtual conference in 2020 which is available to watch online.

ABAC™ are Dedicated to Fighting Bribery and Corruption

Corruption and bribery affect any organisation and have the potential to cause severe harm to businesses including financial loss, dire legal consequences, brand damage, organisation’s status and sustainable development to endorse transparent corporate relations while fostering a global ethical corporate culture with ISO 370001 training and accredited ISO 370001 certification. ABAC™ offers a complete suite of services and solutions designed to help organisations against bribery and corruption even when operating in multi-jurisdiction and multi-cultural environments.

Supporting International Anti-Corruption Day 2021

ABAC™ Center of Excellence is a passionate advocate of International Anti-Corruption Day and a supporter of preventing corruption on all levels. Last year, notwithstanding the pandemic, ABAC™ sustained cultivating trades and authorities across the globe about bribery and corruption risks by issuing multiple thought leadership pieces and guides on anti-bribery, anti-corruption, risk and compliance management as tools for global organisations in the fight against bribery and corruption. ABAC™ also unveiled ISO 31000 Risk management e-training. ISO 31000 training is focused on improving your and/or your team’s skills in implementing ISO 31000 Risk Management which will help organisations see both the positive opportunities and negative consequences associated with all types of risk, and allow for more informed, and thus more effective, decision making, namely in the allocation of resources.

This year, efforts are still progressing; Anti-Bribery Anti-Corruption (ABAC™) Center of Excellence Group is proud to announce in conjunction with our parent brand, CRI group™, will be hosting a free webinar on 9 December 2021 with the goal of being able to provide resources on corporate compliance to organisations around the globe that will aid them in expansion and an ethical working environment. Take advantage of this free webinar on third-party due diligence and oversight.

Find out more here

In recent years, third-party risk management has become a primary concern for organisations, amid increased outsourcing against a backdrop of rising costs, digitisation and low-interest rates, which have put downward pressure on margins. While there are many benefits driving outsourcing, e.g., increased efficiency and scale, it naturally also increases the level of risk and complexity of third-party relationships. Coupled with increased lengths of agreements, on average five to seven years, the need for ongoing performance management becomes that much greater which is why International Anti-Corruption Day is a great way to commemorate this notion.

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