HOW QUANTERM LOGISTICS SDN BHD SOLVED THE PROBLEM OF CORRUPTION

One of the key strategies for addressing bribery is to implement anti-bribery policies and procedures. These policies should clearly prohibit bribery and other corrupt practices and should be communicated to all employees, suppliers, and partners. The policies should also include guidelines on ethical behavior, reporting procedures, and disciplinary actions for violations. For example, Under Armour, a leading sports apparel brand, has a Code of Ethics that outlines its commitment to ethical behavior and prohibits bribery and other corrupt practices.

Another important strategy for addressing bribery is to conduct due diligence on suppliers and partners. Before engaging with suppliers and partners, organizations should conduct due diligence to ensure that they have a good reputation and do not engage in corrupt practices. Due diligence can include reviewing public records, conducting background checks, and asking for references. This can help reduce the risk of engaging with partners that engage in corrupt practices.

Providing regular training on anti-bribery practices is also critical for addressing bribery issues. Organizations should provide training to employees, suppliers, and partners on the risks of bribery, how to identify and report potential violations, and the consequences of engaging in bribery. Training can help raise awareness of the importance of ethical behavior and equip employees with the knowledge and tools to prevent bribery.

Collaboration with local authorities and international organizations is another important strategy for addressing bribery. Organizations should work with local authorities and international organizations to address bribery issues. This could include reporting violations to law enforcement agencies, participating in anti-corruption initiatives, and supporting anti-corruption legislation. For example, Under Armour works with the United Nations Global Compact, an initiative that promotes responsible corporate citizenship and sustainable business practices.

In conclusion, bribery is a serious issue in logistics and international procedures that can undermine the integrity of supply chains and damage the reputation of companies. Addressing bribery requires a comprehensive approach that includes policies, due diligence, training, technology, and collaboration with local and international partners. By taking proactive steps to prevent bribery, organizations can protect their reputation and ensure that their operations are conducted in an ethical and legal manner.