Tailoring anti-corruption compliance: Vietnam
Most companies doing business across borders have codes of conduct or other forms of corruption prevention. But when a company is operating in a high-risk environment, just having a code of conduct or a rule prohibiting bribery is not enough. Great-looking compliance programs can falter when set against real-world situations. In short, although many companies promote an organizational culture of ethics and compliance, that culture must be translated to fit the intricacies of local business cultures. This article will review key principles on customizing compliance programs for local jurisdictions, using Vietnam as an example.