The 10th Principle of the UN Global Compact states, “Businesses should work against corruption in all its forms, including extortion and bribery.” Corruption, as the Global Compact recognizes, is corrosive to local communities, hinders economic development and perverts free markets. It is a driver of poverty and conflict, and is directly antithetical to the rule of law. For these reasons, UN Sustainable Development Goal (SDG) 16.5 calls upon all social actors to “substantially reduce corruption and bribery in all its forms.”
At the same time, developing compliance programs to prevent corruption has become a legal and business imperative for Canadian companies. Enforcement of anti-corruption laws inside and outside Canada continues to rise. New investigations and prosecutions are announced almost daily, and the implications can be grave. There may be massive fines for the company, jail time for executives, and substantial expenses associated with an investigation. The company’s reputation will be tarnished, there may be subsequent civil litigation and stock drops, and there can be long-term bars from public procurement. To detect and prevent corruption, compliance programs are now a business necessity
This GCNC e-book is designed to help companies develop anti-corruption compliance programs. It is the product of a voluntary effort from leading national experts across a range of disciplines, working together to share their knowledge precisely as the 10th Principle and the SDGs envision – a collaborative undertaking by the best and brightest in the field, joining hands to help Canadian companies prevent corruption wherever they operate. The working group appreciates their commitment and dedication, and admires their expertise.
You can find the e-book here