Image credit: Collective Action Coalition against Corruption
By Pana Ratanabanangkoon, Thailand’s Private Sector Collective Action Coalition against Corruption (CAC) Project Director
In Thailand, it is customary for businesses to give gifts to customers, business partners and government officials during the holiday season. Gifts can range in size from a bottle of wine to a car. This is common throughout Asia, where the holiday season typically runs from Christmas through the Lunar New Year and can include multiple occasions when gifts are expected.
From the point of view of anti-corruption compliance, these holidays are fraught with risk, as many businesses feel compelled by tradition to give presents to government officials. This clash of cultural expectation with the need to manage corruption risk can be a major source of tension within companies. That’s why my organization requires its certified member companies to have strong procedures in place for gift-giving as part a corporate anti-corruption compliance program. Read More...