PREVENTING CORRUPTION IN SME

The supply chain of larger organisations often consists of many SMEs (Small and Medium Enterprises).

Business integrity should be a commitment of SMEs in the wider sustainability context.

Demonstrating compliance to business integrity by SMEs, is often a catalyst to obtaining continued business from corporations.

As an effective driver of business opportunities, strengthening business integrity paves the way to better prevention of corruption for SMEs.

Some anti-corruption compliance programs fortify the threat of legal prosecution to compel adherence.

Compliance professionals in corporations dominated by SME-based supply chains, can utilise the following ways to raise awareness on corruption and encourage measures to combat corruption in SMEs:

• Mentorship: Conduct mentorship programs to mentor SMEs on developing effective anti-corruption compliance programs

• Whistleblowing: Support whistleblowing by SMEs through easier access to the whistleblowing hotline / channel

• Online tutorials: Provide simple tutorials for SMEs

• Risk support: Perform corruption risk assessment on SMEs and tailor support response plans accordingly

• Reward compliance: Incentive SMEs for implementing anti-corruption compliance programs through business awards

• Compliance E-learning: Facilitate compliance knowledge through short e-learning webinars for SME employees

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