CORRUPTION RISK ASSESSMENT
WHAT IS THE ETHIC INTELLIGENCE CORRUPTION RISK ASSESSMENT?
The ETHIC Intelligence Corruption Risk Assessment is a tool designed to enable companies to self-evaluate their corruption risk using a methodology based on international best practices and the ISO 37001 standard on anti-bribery management systems (Definition 3.13, requirement 4.5, guideline A.17)
The downloaded document defines 13 corruption risks and provides an evaluation method for each. The empty fields in the document (to be completed once downloaded) enable the company to detail the arguments it puts forward to justify its stated level of risk (non-existent, low, medium, high) as well as the foreseeable development of the risk.
To download the ETHIC Intelligence Corruption Risk Assessment the user must complete: the designated perimeter of the assessment (company name, subsidiary name, etc.) as well as the name of the person completing the assessment.
The designated perimeter of the assessment and the name of the person completing the exercise will appear on the downloaded document. From this moment on the document is effective for third parties as each identified risk is accompanied by a risk analysis and - on that basis – the company’s assessment is complete. In terms of presentation, the company’s logo and the ETHIC Intelligence logo appear side by side on the page. (click here to see an example).
HOW TO USE THE ETHIC INTELLIGENCE CORRUPTION RISK ASSESSMENT
Step 1: Definition of the designated perimeter.
a) Information on the company undertaking the corruption risk assessment:
Step 3: Risk assessment by user
Once the document has been downloaded, the user completes the fields him or herself according to the instructions. He or she can modify any of the fields (for a period of one year). To ensure the relevance of the information within, the document’s validity is limited to one year. Beyond a year, it is no longer possible to modify any fields.
The duration of the use of the corruption risk assessment is limited to one year from the date of the download (date which is automatically printed on the document). The use of the PDF on a personal computer will be locked after 12 months.
The user can, however, print the document whenever he or she wishes – with no time limit – and as many copies as required.
WHAT ARE THE RISKS OUTLINED IN THE CORRUPTION RISK ASSESSMENT?
The corruption risk assessment describes 13 risks which are grouped into four categories:
- Objective corruption risks: country corruption risk, client corruption risk, sector corruption risk
These risks are measured by indicators. They are evaluated by a quantitative analysis of a company’s turnover depending on its countries of operation, its clients and its sectors of activity.
- An assessment of the levels of objective corruption risk gives the company an indication of the importance it must give to corruption prevention in terms of resources, management involvement and communications.
- Business corruption risks: risk of direct corruption, risk of subsidiary corruption, risk of inherited corruption, risk of passive corruption.
This group of risks is linked to the company’s structural and commercial organization. They are evaluated by a qualitative analysis of the commercial model of the company.
- An assessment of the business corruption risk gives an indication of the way in which the company should integrate its anti-corruption compliance program in the organization of its operations.
- Business associate corruption risks: risks associated with business partners, distributors, and shared corruption.
These risks are linked to third parties with which the company operates. They are assessed through a qualitative analysis on the type of relationship with these parties.
- An assessment of the risk levels associated with business associates gives an indication of the procedures necessary for implementation to minimize the risk.
- Strategic corruption risks: risks of anti-trust, administrative extortion, commercial extortion solicitations.
These risks are linked to the environment in which the company operates. They are evaluated by a qualitative analysis of the commercial, administrative and legal context in which the company develops.
- An assessment of the levels of strategic corruption risk gives an indication of the importance that top management should pay to corruption risk in its strategic decision-making over both the long and in the short term.
This ETHIC Intelligence Corruption Risk Assessment is an original work and is the property of ETHIC Intelligence. It is copyrighted in every country.
Its use is limited exclusively to the perimeter designated by the company representative. Any other use for any other perimeter: subsidiaries, business units, etc. requires the prior express written consent of ETHIC Intelligence.
Any reproduction in whole or in part of the corruption risk assessment, any use by a third party, or communication to a third party without the prior express written consent of ETHIC Intelligence is illegal and will be prosecuted.