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Our dataset contains a comprehensive list of 1535 prioritized requirements, solutions, benefits, and case studies related to bribery risk in governance, risk, and compliance.
This knowledge base has been carefully curated to provide you with the most important questions to ask for urgent situations and different scopes.
But what sets us apart from our competitors and alternatives? Our Bribery Risk in Governance Risk and Compliance Knowledge Base caters specifically to professionals like you who need a quick, reliable, and affordable tool to effectively manage bribery risks.
Our product is designed to be user-friendly, making it easy for you to navigate through the dataset and find the information you need.
Not only that, but our knowledge base is also a great DIY alternative to expensive consulting services.
You can save time and money by having access to all the necessary information at your fingertips.
The product detail and specification overviews give you a quick summary of each requirement, solution, and case study, saving you time from reading lengthy documents.
Our product type is also unique as it is solely focused on bribery risk in governance, risk, and compliance, unlike semi-related products in the market.
This ensures that you are getting the most relevant and up-to-date information specific to your needs.
But let′s talk about the benefits of our product.
By using our knowledge base, you will have a better understanding of bribery risks in governance, risk, and compliance, leading to more effective risk management strategies.
Our dataset also provides real-world examples and case studies that demonstrate how other organizations have successfully managed bribery risks, giving you valuable insights and ideas.
Don′t just take our word for it – extensive research has been done to ensure the accuracy and relevancy of our dataset.
We have also conducted thorough market research to understand the needs of businesses when it comes to managing bribery risks.
This knowledge base is the result of all our hard work and dedication to providing you with the best solution.
Our product is not only beneficial for professionals but also for businesses.
By effectively managing bribery risks, organizations can avoid costly legal issues and damage to their reputation.
Our knowledge base empowers you to take proactive measures in mitigating bribery risks and protecting your business.
When it comes to cost, our Bribery Risk in Governance Risk and Compliance Knowledge Base is affordable compared to other alternatives.
You can save thousands of dollars by investing in our product instead of hiring expensive consultants or conducting extensive research on your own.
Of course, every product has its pros and cons, and we believe in being transparent with our customers.
Our Bribery Risk in Governance Risk and Compliance Knowledge Base does require some effort on your part to understand and implement the information provided.
However, we assure you that the results will be worth it.
In summary, our Bribery Risk in Governance Risk and Compliance Knowledge Base is a comprehensive, user-friendly, and affordable solution to managing bribery risks.
With 1535 prioritized requirements, solutions, benefits, and case studies, you can trust that you are getting the most reliable and up-to-date information.
Don′t let bribery risks hold your organization back – invest in our product and see the positive impact on your governance, risk, and compliance processes.
Does your organization review the counter bribery and corruption procedures of outsourced service providers and promote awareness of bribery and corruption with outsourced partners / supply chain? Does your board have robust processes and controls to protect against bribery and corruption while exercising political and legal influence? Does your performance management framework incorporate how ethics and integrity objectives are achieved?
Bribery Risk
Yes, the organization assesses and communicates anti-bribery measures to outsourced partners to mitigate potential bribery and corruption risks.
1. Establish a comprehensive anti-bribery policy and regularly communicate it to outsourced partners.
Benefits: Promotes a culture of ethical behavior, reduces the likelihood of bribery and corruption.
2. Conduct thorough due diligence on potential outsourced service providers to ensure their compliance with anti-bribery laws.
Benefits: Identifies potential risks and helps in making informed decisions about outsourcing partnerships.
3. Implement regular training and awareness programs for outsourced partners on anti-bribery laws and company policies.
Benefits: Ensures understanding of rules and regulations and promotes ethical behavior among outsourced partners.
4. Monitor and audit outsourced services to ensure compliance with anti-bribery policies and procedures.
Benefits: Identifies areas of improvement, enables timely intervention, and reduces potential risks.
5. Implement strict contractual clauses prohibiting bribery and corruption in any form.
Benefits: Clearly defines expectations and consequences in case of non-compliance.
6. Encourage open communication channels between the organization and outsourced partners to report any suspected cases of bribery or corruption.
Benefits: Enables timely detection and prevention of activities that may harm the organization′s reputation.
7. Review and update anti-bribery policies and procedures regularly to align with changing legal and regulatory requirements.
Benefits: Ensures compliance and protects against potential legal consequences.
8. Engage the services of an independent third party to review and assess the effectiveness of anti-bribery measures.
Benefits: Provides unbiased evaluations and recommendations for improvement.
CONTROL QUESTION: Does the organization review the counter bribery and corruption procedures of outsourced service providers and promote awareness of bribery and corruption with outsourced partners / supply chain?
Big Hairy Audacious Goal (BHAG) for 10 years from now:
In 10 years, our organization′s bribery risk management will be recognized as the gold standard for ethical business practices. Our brand will be synonymous with integrity and accountability, and we will be a leading force in combatting bribery and corruption on a global scale.
To achieve this, we will have implemented a comprehensive system that consistently reviews and improves our counter bribery and corruption procedures, including those of our outsourced service providers. We will proactively monitor and address any potential risks within our supply chain, promoting awareness and providing necessary training to all partners.
Through our dedication to transparency and zero-tolerance for bribery and corruption, we will have eliminated all instances of unethical behavior within our organization and throughout our entire supply chain. Our reputation as a trustworthy and ethical business partner will draw in new clients and strengthen our relationships with existing ones.
Our efforts will extend beyond our own operations, as we will actively collaborate with government agencies and non-profit organizations to raise awareness and promote anti-bribery initiatives globally.
Ultimately, our bold goal is to not only eradicate bribery and corruption within our own organization, but to contribute to a world where ethical business practices are the norm and corruption is no longer tolerated.
"I can`t express how pleased I am with this dataset. The prioritized recommendations are a treasure trove of valuable insights, and the user-friendly interface makes it easy to navigate. Highly recommended!"
**Client Situation**
Our client is a multinational corporation in the automotive industry, with operations in multiple countries. The company has a complex supply chain, involving various outsourced service providers and suppliers across different regions. In recent years, there has been an increasing focus on anti-bribery and anti-corruption measures within the business world. Our client recognizes the potential risks associated with bribery, both in terms of legal consequences and reputational damage. Therefore, they have engaged our consulting firm to assess their current bribery risk management procedures and identify any gaps in addressing bribery risks with outsourced service providers and suppliers.
**Consulting Methodology**
Our consulting methodology for this project involved a four-stage approach, as outlined below:
1. Background Research: The first step was to conduct extensive background research on the client′s industry and the best practices for managing bribery risks. This involved reviewing relevant whitepapers and reports from reputable sources such as the World Economic Forum and Transparency International.
2. Understanding the Client′s Business: We conducted interviews and workshops with key stakeholders from the client′s organization to gain an understanding of their business operations, particularly with regards to their supply chain and outsourced service providers.
3. Risk Assessment: A risk assessment was conducted by analyzing the data gathered from the previous stages. This involved identifying potential risk areas and evaluating the effectiveness of the client′s current counter bribery and corruption procedures.
4. Recommendations & Action Plan: Based on the findings from the risk assessment, we developed recommendations and an action plan to strengthen the client′s bribery risk management procedures, specifically with regards to their outsourced service providers and supply chain.
**Deliverables**
Our team delivered the following key deliverables to the client:
1. Risk Assessment Report: This report highlighted the potential bribery risks that the client may face in their supply chain and with their outsourced service providers. It also included an evaluation of the client′s current procedures for managing these risks.
2. Action Plan: The action plan outlined the specific steps the client needed to take to strengthen their counter bribery and corruption procedures, with a particular focus on their outsourced service providers and supply chain.
3. Training Materials: As part of the action plan, we developed training materials to promote awareness of bribery and corruption risks among the client′s outsourced service providers and supply chain partners.
**Implementation Challenges**
During the consulting engagement, we faced a few implementation challenges, including:
1. Resistance to Change: One of the main challenges was convincing the client′s top management to implement the recommended changes. Despite acknowledging the potential risks, there was a reluctance to make significant changes to their existing procedures.
2. Lack of Understanding among Outsourced Service Providers: We found that many of the client′s outsourced service providers were unaware of the potential risks of bribery and did not have adequate procedures in place to prevent it.
3. Limited Resources: The client had limited resources dedicated to managing bribery risks, making it challenging to implement some of the recommended actions.
**KPIs and Management Considerations**
To measure the success of the project, we established the following key performance indicators (KPIs):
1. Percentage of outsourced service providers trained on bribery and corruption risks.
2. Number of reported bribery incidents from outsourced service providers and supply chain partners.
3. Percentage of implemented recommendations from the action plan.
In terms of management considerations, we recommended that the client regularly review and update their counter bribery and corruption procedures, especially in light of any regulatory changes or new best practices in the industry. We also suggested conducting annual training for all employees, including outsourced service providers and supply chain partners, to ensure awareness of the risks and how to mitigate them.
**Citations**
1. Kroncke, C., & Joe, R. (2017). Supply chain audit: Best practices for mitigating risk. PwC. Retrieved from https://www.pwc.com/us/en/forensic-services/publications/assets/supply-chain-audit-best-practices-for-mitigating-risk.pdf.
2. World Economic Forum. (2019). Short-termism in supply chains could hurt companies and their partners. Retrieved from https://www.weforum.org/agenda/2019/03/boardrooms-communicate-supply-chain-resilience-risk-management-outsourcing/.
3. Global Anti-Bribery Laws and Regulations. (2020). Thomson Reuters. Retrieved from https://legal.thomsonreuters.com/en/insights/articles/global-anti-bribery-laws-and-regulations.
4. Transparency International. (2020). Corruption Perception Index 2020. Retrieved from https://www.transparency.org/rss/the-corruption-perceptions-index-2020.
Our Bribery Risk in Governance Risk and Compliance Knowledge Base is here to simplify your risk management processes and help you achieve the best results.
Our dataset contains a comprehensive list of 1535 prioritized requirements, solutions, benefits, and case studies related to bribery risk in governance, risk, and compliance.
This knowledge base has been carefully curated to provide you with the most important questions to ask for urgent situations and different scopes.
But what sets us apart from our competitors and alternatives? Our Bribery Risk in Governance Risk and Compliance Knowledge Base caters specifically to professionals like you who need a quick, reliable, and affordable tool to effectively manage bribery risks.
Our product is designed to be user-friendly, making it easy for you to navigate through the dataset and find the information you need.
Not only that, but our knowledge base is also a great DIY alternative to expensive consulting services.
You can save time and money by having access to all the necessary information at your fingertips.
The product detail and specification overviews give you a quick summary of each requirement, solution, and case study, saving you time from reading lengthy documents.
Our product type is also unique as it is solely focused on bribery risk in governance, risk, and compliance, unlike semi-related products in the market.
This ensures that you are getting the most relevant and up-to-date information specific to your needs.
But let′s talk about the benefits of our product.
By using our knowledge base, you will have a better understanding of bribery risks in governance, risk, and compliance, leading to more effective risk management strategies.
Our dataset also provides real-world examples and case studies that demonstrate how other organizations have successfully managed bribery risks, giving you valuable insights and ideas.
Don′t just take our word for it – extensive research has been done to ensure the accuracy and relevancy of our dataset.
We have also conducted thorough market research to understand the needs of businesses when it comes to managing bribery risks.
This knowledge base is the result of all our hard work and dedication to providing you with the best solution.
Our product is not only beneficial for professionals but also for businesses.
By effectively managing bribery risks, organizations can avoid costly legal issues and damage to their reputation.
Our knowledge base empowers you to take proactive measures in mitigating bribery risks and protecting your business.
When it comes to cost, our Bribery Risk in Governance Risk and Compliance Knowledge Base is affordable compared to other alternatives.
You can save thousands of dollars by investing in our product instead of hiring expensive consultants or conducting extensive research on your own.
Of course, every product has its pros and cons, and we believe in being transparent with our customers.
Our Bribery Risk in Governance Risk and Compliance Knowledge Base does require some effort on your part to understand and implement the information provided.
However, we assure you that the results will be worth it.
In summary, our Bribery Risk in Governance Risk and Compliance Knowledge Base is a comprehensive, user-friendly, and affordable solution to managing bribery risks.
With 1535 prioritized requirements, solutions, benefits, and case studies, you can trust that you are getting the most reliable and up-to-date information.
Don′t let bribery risks hold your organization back – invest in our product and see the positive impact on your governance, risk, and compliance processes.
Discover Insights, Make Informed Decisions, and Stay Ahead of the Curve:
Key Features:
Comprehensive set of 1535 prioritized Bribery Risk requirements. - Extensive coverage of 282 Bribery Risk topic scopes.
- In-depth analysis of 282 Bribery Risk step-by-step solutions, benefits, BHAGs.
- Detailed examination of 282 Bribery Risk case studies and use cases.
- Digital download upon purchase.
- Enjoy lifetime document updates included with your purchase.
- Benefit from a fully editable and customizable Excel format.
- Trusted and utilized by over 10,000 organizations.
- Covering: Traceability System, Controls Remediation, Reputation Risk, ERM Framework, Regulatory Affairs, Compliance Monitoring System, Audit Risk, Business Continuity Planning, Compliance Technology, Conflict Of Interest, Compliance Assessments, Process Efficiency, Compliance Assurance, Third Party Risk, Risk Factors, Compliance Risk Assessment, Supplier Contract Compliance, Compliance Readiness, Risk Incident Reporting, Whistleblower Program, Quality Compliance, Organizational Compliance, Executive Committees, Risk Culture, Vendor Risk, App Store Compliance, Enterprise Framework, Fraud Detection, Risk Tolerance Levels, Compliance Reviews, Governance Alignment Strategy, Bribery Risk, Compliance Execution, Crisis Management, Governance risk management systems, Regulatory Changes, Risk Mitigation Strategies, Governance Controls Implementation, Governance Process, Compliance Planning, Internal Audit Objectives, Regulatory Compliance Guidelines, Data Compliance, Security Risk Management, Compliance Performance Tracking, Compliance Response Team, Insider Trading, Compliance Reporting, Compliance Monitoring, Compliance Regulations, Compliance Training, Risk Assessment Models, Risk Analysis, Compliance Platform, Compliance Standards, Accountability Risk, Corporate Compliance Integrity, Enterprise Risk Management Tools, Compliance Risk Culture, Business Continuity, Technology Regulation, Compliance Policy Development, Compliance Integrity, Regulatory Environment, Compliance Auditing, Governance risk factors, Supplier Governance, Data Protection Compliance, Regulatory Fines, Risk Intelligence, Anti Corruption, Compliance Impact Analysis, Governance risk mitigation, Review Scope, Governance risk data analysis, Compliance Benchmarking, Compliance Process Automation, Regulatory Frameworks, Trade Sanctions, Security Privacy Risks, Conduct Risk Assessments, Operational Control, IT Risk Management, Top Risk Areas, Regulatory Compliance Requirements, Cybersecurity Compliance, RPA Governance, Financial Controls, Risk Profiling, Corporate Social Responsibility, Business Ethics, Customer Data Protection, Risk Assessment Matrix, Compliance Support, Compliance Training Programs, Governance Risk and Compliance, Information Security Risk, Vendor Contracts, Compliance Metrics, Cybersecurity Maturity Model, Compliance Challenges, Ethical Standards, Compliance Plans, Compliance Strategy, Third Party Risk Assessment, Industry Specific Compliance, Compliance Technology Solutions, ERM Solutions, Regulatory Issues, Risk Assessment, Organizational Strategy, Due Diligence, Supply Chain Risk, IT Compliance, Compliance Strategy Development, Compliance Management System, Compliance Frameworks, Compliance Monitoring Process, Business Continuity Exercises, Continuous Oversight, Compliance Transformation, Operational Compliance, Risk Oversight Committee, Internal Controls, Risk Assessment Frameworks, Conduct And Ethics, Data Governance Framework, Governance Risk, Data Governance Risk, Human Rights Risk, Regulatory Compliance Management, Governance Risk Management, Compliance Procedures, Response Time Frame, Risk Management Programs, Internet Security Policies, Internal Controls Assessment, Anti Money Laundering, Enterprise Risk, Compliance Enforcement, Regulatory Reporting, Conduct Risk, Compliance Effectiveness, Compliance Strategy Planning, Regulatory Agency Relations, Governance Oversight, Compliance Officer Role, Risk Assessment Strategies, Compliance Staffing, Compliance Awareness, Data Compliance Monitoring, Financial Risk, Compliance Performance, Global Compliance, Compliance Consulting, Governance risk reports, Compliance Analytics, Organizational Risk, Compliance Updates, ISO 2700, Vendor Due Diligence, Compliance Testing, Compliance Optimization, Vendor Compliance, Compliance Maturity Model, Fraud Risk, Compliance Improvement Plan, Risk Control, Control System Design, Cybersecurity Risk, Software Applications, Compliance Tracking, Compliance Documentation, Compliance Violations, Compliance Communication, Technology Change Controls, Compliance Framework Design, Code Of Conduct, Codes Of Conduct, Compliance Governance Model, Regulatory Compliance Tools, Ethical Governance, Risk Assessment Planning, Data Governance, Employee Code Of Conduct, Compliance Governance, Compliance Function, Risk Management Plan, Compliance Meeting Agenda, Compliance Assurance Program, Risk Based Compliance, Compliance Information Systems, Enterprise Wide Risk Assessment, Audit Staff Training, Regulatory Compliance Monitoring, Risk Management Protocol, Compliance Program Design, Regulatory Standards, Enterprise Compliance Solutions, Internal Audit Risk Assessment, Conduct Investigation Tools, Data Compliance Framework, Standard Operating Procedures, Quality Assurance, Compliance Advancement, Compliance Trend Analysis, Governance Structure, Compliance Projects, Risk Measurement, ISO 31000, Ethics Training, ISO Compliance, Enterprise Compliance Management, Performance Review, Digital Compliance, Compliance Prioritization, Data Privacy, Compliance Alignment, Corporate Governance, Cyber Risk Management, Regulatory Action, Reputation Management, Compliance Obligations, Data Compliance Regulations, Corporate Governance Structure, Risk Response, Compliance Reporting Structure, Risk Strategy, Compliance Intelligence, Compliance Culture, Compliance Innovation, Compliance Risk Management, COSO Framework, Risk Control Documentation, Risk Summary, Compliance Investigations, Financial Conduct Authority, Operational Risk, Compliance Controls, Compliance Communication Plan, Compliance Cost Reduction, Risk Objectives, Risk Assessment Checklist, Financial Risk Management, Legal Compliance, Compliance Monitoring Tools, Financial Risk Assessment, Corporate Compliance, Accountable Culture, Risk Mitigation Process, Risk Compliance Strategy, Compliance Program Maturity, Risk Management Training Programs, Risk Assessment Tools, Compliance Failure Analysis, Compliance Performance Management, Third Party Risk Management, Compliance Communication Strategy, Compliance Solutions, Compliance Outreach, Regulatory Enforcement, Compliance Incentives, Compliance Department Initiatives, Compliance Oversight, Cybersecurity Risk Assessment, Internal Audit Processes, Compliance Reporting Standards, Compliance Communication Channels, GRC Policies, Risk Identification, Compliance Harmonization, Compliance Reporting Solution, Compliance Services, Risk Mitigation Plan, Compliance Strategy Implementation, Compliance Dashboard, Import Controls, Insider Threat, Compliance Inquiry Process, Risk Management Integration, Compliance Policies, Enterprise Compliance
Bribery Risk Assessment Dataset - Utilization, Solutions, Advantages, BHAG (Big Hairy Audacious Goal):
Bribery Risk
Yes, the organization assesses and communicates anti-bribery measures to outsourced partners to mitigate potential bribery and corruption risks.
1. Establish a comprehensive anti-bribery policy and regularly communicate it to outsourced partners.
Benefits: Promotes a culture of ethical behavior, reduces the likelihood of bribery and corruption.
2. Conduct thorough due diligence on potential outsourced service providers to ensure their compliance with anti-bribery laws.
Benefits: Identifies potential risks and helps in making informed decisions about outsourcing partnerships.
3. Implement regular training and awareness programs for outsourced partners on anti-bribery laws and company policies.
Benefits: Ensures understanding of rules and regulations and promotes ethical behavior among outsourced partners.
4. Monitor and audit outsourced services to ensure compliance with anti-bribery policies and procedures.
Benefits: Identifies areas of improvement, enables timely intervention, and reduces potential risks.
5. Implement strict contractual clauses prohibiting bribery and corruption in any form.
Benefits: Clearly defines expectations and consequences in case of non-compliance.
6. Encourage open communication channels between the organization and outsourced partners to report any suspected cases of bribery or corruption.
Benefits: Enables timely detection and prevention of activities that may harm the organization′s reputation.
7. Review and update anti-bribery policies and procedures regularly to align with changing legal and regulatory requirements.
Benefits: Ensures compliance and protects against potential legal consequences.
8. Engage the services of an independent third party to review and assess the effectiveness of anti-bribery measures.
Benefits: Provides unbiased evaluations and recommendations for improvement.
CONTROL QUESTION: Does the organization review the counter bribery and corruption procedures of outsourced service providers and promote awareness of bribery and corruption with outsourced partners / supply chain?
Big Hairy Audacious Goal (BHAG) for 10 years from now:
In 10 years, our organization′s bribery risk management will be recognized as the gold standard for ethical business practices. Our brand will be synonymous with integrity and accountability, and we will be a leading force in combatting bribery and corruption on a global scale.
To achieve this, we will have implemented a comprehensive system that consistently reviews and improves our counter bribery and corruption procedures, including those of our outsourced service providers. We will proactively monitor and address any potential risks within our supply chain, promoting awareness and providing necessary training to all partners.
Through our dedication to transparency and zero-tolerance for bribery and corruption, we will have eliminated all instances of unethical behavior within our organization and throughout our entire supply chain. Our reputation as a trustworthy and ethical business partner will draw in new clients and strengthen our relationships with existing ones.
Our efforts will extend beyond our own operations, as we will actively collaborate with government agencies and non-profit organizations to raise awareness and promote anti-bribery initiatives globally.
Ultimately, our bold goal is to not only eradicate bribery and corruption within our own organization, but to contribute to a world where ethical business practices are the norm and corruption is no longer tolerated.
Customer Testimonials:
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Bribery Risk Case Study/Use Case example - How to use:
**Client Situation**
Our client is a multinational corporation in the automotive industry, with operations in multiple countries. The company has a complex supply chain, involving various outsourced service providers and suppliers across different regions. In recent years, there has been an increasing focus on anti-bribery and anti-corruption measures within the business world. Our client recognizes the potential risks associated with bribery, both in terms of legal consequences and reputational damage. Therefore, they have engaged our consulting firm to assess their current bribery risk management procedures and identify any gaps in addressing bribery risks with outsourced service providers and suppliers.
**Consulting Methodology**
Our consulting methodology for this project involved a four-stage approach, as outlined below:
1. Background Research: The first step was to conduct extensive background research on the client′s industry and the best practices for managing bribery risks. This involved reviewing relevant whitepapers and reports from reputable sources such as the World Economic Forum and Transparency International.
2. Understanding the Client′s Business: We conducted interviews and workshops with key stakeholders from the client′s organization to gain an understanding of their business operations, particularly with regards to their supply chain and outsourced service providers.
3. Risk Assessment: A risk assessment was conducted by analyzing the data gathered from the previous stages. This involved identifying potential risk areas and evaluating the effectiveness of the client′s current counter bribery and corruption procedures.
4. Recommendations & Action Plan: Based on the findings from the risk assessment, we developed recommendations and an action plan to strengthen the client′s bribery risk management procedures, specifically with regards to their outsourced service providers and supply chain.
**Deliverables**
Our team delivered the following key deliverables to the client:
1. Risk Assessment Report: This report highlighted the potential bribery risks that the client may face in their supply chain and with their outsourced service providers. It also included an evaluation of the client′s current procedures for managing these risks.
2. Action Plan: The action plan outlined the specific steps the client needed to take to strengthen their counter bribery and corruption procedures, with a particular focus on their outsourced service providers and supply chain.
3. Training Materials: As part of the action plan, we developed training materials to promote awareness of bribery and corruption risks among the client′s outsourced service providers and supply chain partners.
**Implementation Challenges**
During the consulting engagement, we faced a few implementation challenges, including:
1. Resistance to Change: One of the main challenges was convincing the client′s top management to implement the recommended changes. Despite acknowledging the potential risks, there was a reluctance to make significant changes to their existing procedures.
2. Lack of Understanding among Outsourced Service Providers: We found that many of the client′s outsourced service providers were unaware of the potential risks of bribery and did not have adequate procedures in place to prevent it.
3. Limited Resources: The client had limited resources dedicated to managing bribery risks, making it challenging to implement some of the recommended actions.
**KPIs and Management Considerations**
To measure the success of the project, we established the following key performance indicators (KPIs):
1. Percentage of outsourced service providers trained on bribery and corruption risks.
2. Number of reported bribery incidents from outsourced service providers and supply chain partners.
3. Percentage of implemented recommendations from the action plan.
In terms of management considerations, we recommended that the client regularly review and update their counter bribery and corruption procedures, especially in light of any regulatory changes or new best practices in the industry. We also suggested conducting annual training for all employees, including outsourced service providers and supply chain partners, to ensure awareness of the risks and how to mitigate them.
**Citations**
1. Kroncke, C., & Joe, R. (2017). Supply chain audit: Best practices for mitigating risk. PwC. Retrieved from https://www.pwc.com/us/en/forensic-services/publications/assets/supply-chain-audit-best-practices-for-mitigating-risk.pdf.
2. World Economic Forum. (2019). Short-termism in supply chains could hurt companies and their partners. Retrieved from https://www.weforum.org/agenda/2019/03/boardrooms-communicate-supply-chain-resilience-risk-management-outsourcing/.
3. Global Anti-Bribery Laws and Regulations. (2020). Thomson Reuters. Retrieved from https://legal.thomsonreuters.com/en/insights/articles/global-anti-bribery-laws-and-regulations.
4. Transparency International. (2020). Corruption Perception Index 2020. Retrieved from https://www.transparency.org/rss/the-corruption-perceptions-index-2020.
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