Dealing With Corruption in Public Procurement
The European Commission estimates that roughly €120 billion is lost annually to public procurement corruption. While the competition for government contracts continues to intensify, there are more opportunities for companies and potential clients to engage in unethical business practices, which can result in serious penalties and reputational damage. Here are ...
Related articles
-
Article
The vital link between compliance and procurement
For many organizations, compliance and procurement only work at all if they work together. But how they work together is something that is unique to every organization. Jaclyn Jaeger explores.
-
News BriefJudge reinstates fired CPSC commissioners in latest battle over government cuts
In May, three commissioners for the Consumer Product Safety Commission were abruptly fired by President Donald Trump and sued for their jobs shortly after. A federal judge has ruled that the commissioners should be reinstated, although it’s unclear whether that ruling may itself be reversed.
-
PremiumColgate-Palmolive CECO Kim Faulkner discusses how ethics is embedded in the company’s strategy
Compliance Week’s Aaron Nicodemus sat down with Kim Faulkner, Chief Ethics & Compliance Officer at Colgate-Palmolive, to discuss the importance of ethics and compliance at the company.