The Bribery Act has seen its fair share of cynical glares, deep sighs of disbelief, and ha-ha’s from certain countries where bribes are a part and parcel of their business culture. Organizations conducting business operations in these countries might not take this law very seriously. So, how to make this old habit die fast and spread awareness about the Bribery Act in countries such as Russia, Mexico, India, China, etc.?
Don’t let the habit become a loose tooth
Organizations often don’t believe the Bribery act has teeth until they see people being punished or sued for breaching it. Therefore while training your employees, share case studies of organizations that lost not only millions but the trust of their business partners too. These case studies should be strong enough to remove the “A little bribing never hurt anyone” attitude. The consequences of breaching the law need to be conveyed openly to create seriousness regarding the Bribery Act.
Shed some negative light
You could always throw in examples and real life case studies of organizations who gained a negative image because of breaching the Bribery Act. Foreign companies always do their research and background checks before doing business with other organizations. This is where your brand name and image will differentiate you. Therefore, examples like these can be given to employees on how a small bribe can permanently blacken their image to create more awareness about the Bribery Act.
Blame the Bribe!
No organization would want to partner with a company that might not only put itself at risk but also its partners. As the Bribery Act clearly states that even third party officials and other business partners need to comply with it, organizations jumping in too quickly without doing enough background checks might be held liable later on. These organizations should clearly mention the importance and weightage they give to the Bribery Act and refrain from pledging allegiance to companies that do not have similar interests in this issue. Bind the bribe with your contract
Every international contract inked by U.S companies should include clear terms and conditions of the Bribery Act and how any lack of seriousness would not be encouraged. This will also help companies operating in high risk zones become more aware of how the world is changing and how they might have to kill their habit of bribing after all. This way of indirect cautioning would give the required push to the importance of Bribery Act among foreign officials in these countries.
These 4 tips will help create awareness of the Bribery Act in high risk countries, thus lessening the risk for organizations partnering with them.
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