Business no-gift policy / C20 policy pack / Finance firms risks
No Gifts…No Problems (Blog). “‘After joining [Thailand’s Private Sector Collective Action Coalition against Corruption] CAC, we have established a strict policy on gift-giving. We eventually decided to go above and beyond and institute a no-gift policy. Initially, gift expectations were still there but they significantly decreased after the announcement,’ one business owner said. The business owner added, “the company’s expenses for holiday gifts have been reduced by 50% compared to last year.”
Thank you to Phisanu Phromchanya for sharing this article.
C20 Policy Pack 2019 (Resource).
Corruption contagion: How legal and finance firms are at greater risk of corruption. Companies with fewer levels of management such as legal, accountancy and investment banking firms could be up to five times more susceptible to corruption than similar sized organizations with a taller structure such as those in manufacturing, a new study by the University of Sussex and Imperial College has revealed.
University of Sussex/Phys.org: https://phys.org/news/2019-04-corruption-contagion-legal-firms-greater.html