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Jointly Organised by:
Supported by:
Lunch & Learn: Lessons in anti-corruption compliance
Agenda
11.45 – Registration
12.00pm – A review of recent anti-corruption prosecutions and enforcement actions
12.30pm – Managing anti-corruption compliance in Singapore
1.00pm – Buffet Lunch
Samuel R. SharpeDirector, Partner
Duane Morris & Selvam LLP
Leas BachateneCEO
Ethical Alliance
Wednesday, May 20th 201511.45am – 2.00pmSingapore Cricket Club,Gilmour Room
Managing Anti-Corruption Compliance in SingaporeSpeaker: Leas Bachatene
Chief Executive OfficerEthical Alliance
At ethiXbase we view corporate corruption as a growing threat, and for this reason created the Ethical Alliance, a global community of companies and individuals dedicated to anti-corruption compliance, corporate transparency and ethical business dealings.
The Ethical Alliance helps organisations and professionals mitigate reputational risk, promote knowledge, anti-corruption compliance and ethical business dealings. We help organisations improve relationships and processes with employees, clients, suppliers, partners, shareholders and regulators.
With over 30,000 associate members the Ethical Alliance is a rapidly growing initiative. Membership is open to individuals, organisations, chambers of commerce and industry associations, as well as government bodies.
Ethical Alliance Mission
Transparency International: Singapore
Singapore Rankings
2010: 1st place
2011: 5th place
2012: 5th Place
2013: 5th Place
2014: 7th Place
Singapore’s Corrupt Practices Investigation Bureau
• CPIB received 736 complaints in 2014 – a 7% decrease from 792 complaints in 2013
• The number of cases registered for investigation reached a 30-year low in 2014, with 136 out of the 736 complaints received
• Private sector cases made up 85% of all registered cases for investigation in 2014, while public sector cases made up the remaining 15%
Tightening reins with new reforms• New reforms introduced this year by Prime Minister Lee:
– Review of Prevention of Corruption Act (PCA)– Increased manpower at Corrupt Practices Investigation Bureau (CPIB)– Creation of new corruption reporting centre
• Prime Minister Lee insists stronger enforcement actions are needed to ensure trust in public officials and weed out any form of corruption– Affect assessment of Singapore’s climate for doing business by other countries– 3 factors vital to maintain trust & integrity:
• Exercising strong leadership at all levels• Emphasizing integrity as a value that all must uphold• Strengthening Singapore’s system
How can Singapore enhance and exercise stronger leadership in setting a “tone from the top”?
To align Singapore’s laws with global best practices changes to the existing legislature should include:
Corporate liability
The establishment of compliance
defence
The extra territorial effect of
Singapore’s anti-corruption
laws
Whistleblowing Protections
Recommendations to Strenghthen Singapore Anti-Corruption Compliance Eco-System
• Firms in Singapore need to step up anti-corruption measures and be better informed of corporate anti-corruption initiatives to develop a rigorous approach to compliance.
• Leading firms should export & communicate ethical values and codes of conduct into newer markets.
• Firms should weigh potential cost of losing business against potential cost to reputation should corruption be discovered.
• Organisations, academics and industry groups should collaborate to share best practices
• Culture of proactive sharing can benefit all organisations in this region
• Enact whistleblower protection laws
• Providing monetary rewards for genuine whistleblowers
Is the senior management walking the talk?
Is the business “investigation - ready”?
When did the business last undergo a compliance check?
Are my business partners putting my business at risk?
Four key questions that corporate leaders should ask themselves:
Corruption Risk Exposure
Setting the Tone From the Top: Ethical Alliance Programme
Educate with daily updates and access to educational webcasts
Certify your staff as Ethical Alliance Anti-Bribery & Corruption Specialists
Network with global ethics and compliance professionals from across the world through access to the Ethical Alliance Forum, Job portals
Access Knowledge Base: Regulatory Updates, White papers, analysis…
Staff
Management
Suppliers
Vendors
Partners
Resellers
AgentsVerify and manage who you are doing business with ethixbase risk database
Benchmark how your organisation and partners compare with global best practices
Firms under FCPA investigation
THANK YOU
For more information on the Ethical Alliance and to join as a free associate member please visit:
http://ethixbase.com/ethical-alliance-daily-news/
To download our country focus whitepaper please visit http://ethixbase.com/whitepaper-stamping-out-corruption-in-singapore/
Jointly Organised by:
Supported by:
Lunch & Learn: Lessons in anti-corruption compliance
Agenda
11.45 – Registration
12.00pm – A review of recent anti-corruption prosecutions and enforcement actions
12.30pm – Managing anti-corruption compliance in Singapore
1.00pm – Buffet Lunch
Samuel R. SharpeDirector, Partner
Duane Morris & Selvam LLP
Leas BachateneCEO
Ethical Alliance
Wednesday, May 20th 201511.45am – 2.00pmSingapore Cricket Club,Gilmour Room