The importance of ESG with relation to anti-bribery and anti-corruption
Anti-bribery and corruption programmes have long been a part of corporate risk analysis and clearly play a big role in ESG (Environmental, Social, and Governance) for business that seeks to go beyond only maximising profits. An Anti-Bribery and Corruption Benchmarking Report by Kroll, a company that provides proprietary data, technology and insights points out that because ESG […]
ESG Positive Impact Awards launched by STAR Media Group
The recent launch of Star Media Group Bhd’s (SMG) latest environmental, social and governance (ESG) initiative, the ESG Positive Impact Awards, will play an important role in boosting the adoption of sustainable practices among companies, say key industry players from the business community. The awards which will be presented at a TBC glittering function in May 2023, and our CEO Zafar […]
Malaysia: Improving Environmental, Social & Governance competencies
There is an urgent need for board members of Malaysian public-listed companies to look at improving Environmental, Social and Governance competencies as the lack of attention to these vital issues can be viewed negatively by global corporations, asset managers, and financial institutions. This can lead to a lack of investor interest and low shareholder confidence. […]
Shipping Risk: Corruption is a Major Maritime Problem
Bribery and corruption effect all industries, in every location around the world. Perhaps few industries, however, have such a long history of endemic corruption as the shipping/maritime sector. Modern day shipping involves travel and transactions in various jurisdictions, each with various (and contrasting) laws, layers of bureaucracy, cultural norms, business practices and so on. Companies […]
Mitigating Risks in Healthcare: Why ISO 31000 Certification is Vital for Effective Risk Management
Healthcare is a complex industry, with many moving parts and high stakes. So, when it comes to risk management, the stakes are even higher. To thrive in today’s healthcare landscape and keep up with new changes, mitigating risks must be taken seriously. ISO 31000 certification is a great way for organizations to monitor their risks […]
ISO 37002 Whistleblowing Certification – A Breakthrough in Combating Fraud & Corruption
Business fraud and corruption have been a persistent issue for many organizations, but this never-ending problem is finding new hope with the introduction of ISO 37002 Whistleblowing Certification — an innovative approach designed to help root out unethical behavior within companies. It’s a breakthrough that has already saved countless businesses from potential financial ruin, as […]
Glencore’s Bribery and Market Manipulation Schemes
The global commodity giant Glencore has taken a major hit, as it pleaded guilty to violating the Foreign Corrupt Practices Act (FCPA) and accepted a hefty fine of over $1.1 billion. The plea deal is the result of investigations conducted by authorities in the United States, the United Kingdom, and Brazil into the company’s price manipulation […]
ESG Compliance and ISO 37301: What Businesses Need to Know
The 1MDB scandal in Malaysia involved billions of dollars in misappropriated funds, leading to criminal charges against high-profile individuals, including the former prime minister, and exposing significant gaps in the country’s ESG regulations. UK’s Carillion’s non-compliance with ESG standards led to a loss of investor confidence, and reputational damage, and impacted employees, suppliers, and customers with over 3000 […]
A Rising Global Standard Against Bribery ISO 37001
In recent years, corruption scandals such as the Panama Papers and the reconstruction of Ukraine have underscored the urgent need for greater transparency and accountability in business and government. The Panama Papers scandal involved the leak of over 11 million documents detailing the use of offshore tax havens by some of the world’s wealthiest individuals and companies, […]
Choosing the Right ISO Certification Body: A Guide for Business Owners
In today’s highly competitive business landscape, delivering an exceptional customer experience is not just important, it’s essential. Research indicates that delivering a subpar customer experience can have dire consequences, including losing customers and damaging a company’s reputation. In fact, studies show that 82% of customers will stop doing business with a company after a negative experience, and […]