Singapore double-down / Promising tool / Cambodia Facebook

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COMMENTARY: Why Singapore's businesses must double-down on due diligence and corporate compliance. "For Singapore-based firms working across borders, the lure of a unified ASEAN marketplace presents cross-border trade opportunities that are important and lucrative, but also highlights challenges, particularly when maintaining a consistent due diligence process."
Read the commentary by Leas Bachatene, in Singapore Business: http://sbr.com.sg/economy/commentary/why-singapores-businesses-must-double-down-due-diligence-and-corporate-compliance

COMMENTARY: A Promising New Tool To Fight Corruption. "[A High Level Reporting Mechanism or HLRM] provides a reporting channel that companies can use to report corrupt behavior they encounter during a public process, such as a tender. An HLRM presents an alternative mechanism to companies who need to deal with corruption allegations swiftly, rather than waiting for the outcome of a criminal investigation. An HLRM can also provide an enforceable independent mechanism to resolve commercial disputes in countries where criminal law enforcement is unduly influenced by politics. To be clear, an HLRM does not aim to replace formal, judicial reporting channels. Rather, the HLRM is used for rapid response and is advantageous particularly in situations where a swift clarification is critical for business, as when allegations of corruption affect a tender process that is still open."
Read the post by Gönenç Gürkaynak, Ç. Olgu Kama, and Burcu Ergün, in the Global Anticorruption Blog: http://globalanticorruptionblog.com/2016/03/02/guest-post-high-level-reporting-mechanisms-a-promising-new-tool-to-fight-public-corruption/

INFO: Prime Minister opens Facebook inbox to graft complaints. Cambodia Prime Minister Hun Sen is encouraging citizens to send corruption complaints to his personal Facebook inbox, with attached evidence, in what he said was a move to bolster anti-graft efforts.
Read the story by Kuch Naren and Tej Parikh, in The Cambodia Daily: https://www.cambodiadaily.com/news/facebook_graft_complaints-109277/

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