icgn statement and guidance on anti-corruption practises andrés fernández lópez eduardo lópez...
TRANSCRIPT
ICGN Statement and Guidance on Anti-Corruption Practises
Andrés Fernández López
Eduardo López Sierra
Fernando González Ruiz
Estela Fernández González
Corruption is operationally defined as the misuse of entrusted power for private gain.
Private-to-private
Private-to-public
Why these anti-corruption practises?
•It has long undermined economic development.
•Corruption is incompatible with good governance.
•Investors has an important role on avoid corruption.
Types
Corporate reporting on anti-corruption practices
Ways of fighting against corruption:
•Having a strong, independent legal and regulatory framework.
•Calling companies into voluntary collaborative transparency agreements
Why is important for ICGN reporting all the information?
How anti-corruption practices affects investors?
Why corruption matters
investors•General problems.
•Problems for investors with exposure across the market.
•Problems for investors in individual companies.
•Problems if the corruption comes to light.
•Problems for companies with weak anti-corruption control.
Anticorruption CheckPOLICY
1. Good defined.
2. According the culture procedures.
3. Board in compromise with anticorruption.
4. Policy clear to all stuff.
5. Defined sanctions.
6. Responsability.
7. Reviews.
8. Transparency.
9. Information to interested people.
10.Reveal info about its policies.
11.Voluntary Activity.
12.Anticorruption iniciatives.
SO...
BETTER SAY NONO
TO CORRUPTION
THANKS FOR YOUR ATTENTION!