Compel vendors to follow anti-graft policy, companies told
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Feature on Singapore Business Review (March 2025)
In light of declining business integrity disclosures in Singapore, experts are urging listed companies to mandate their business partners to comply with anti-corruption policies, including whistleblowing procedures.
With over 12 years of experience in fraud investigation, anti-bribery and anti-corruption, our Financial Advisory Partner, Wallace Lee, engaged in an interview with Singapore Business Review (SBR), highlighting the importance of employing strict code of conducts for third parties including vendors, suppliers, agents, and consultants, and the implications of not being transparent.
"In cases involving senior management or complex corruption risks, engaging external forensic professionals with expertise in corporate investigations can further enhance credibility and effectiveness," he added.
Ultimately, he concluded that companies should disclose anti-corruption moves not just because it is required, but also because it would drive sustainable business success and resilience.
Read the full article here.
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