The Charter Practices:



MISSION

The primary mission of the Copenhagen Charter on Bribery, Fraud and Corruption is to deliver independent and integrated certification and recommendations to its members and stakeholders.

The secondary mission is to enable the management of participating companies and organizations to prevent, identify and manage the risk of Bribery, Fraud, Theft and Corruption, as well how to address internal irregularities within the organization.

OBJECTIVES

The core objective is related to the managing of the Bribery, Fraud and Corruption risks and deviations. We focus on incidents and related material (internal) issues and irregularities for identified problem areas in the Member Company or organization.

The secondary objective is to recommend how to be proactive, effective and efficient in the areas that are of interest and importance to the member companies and organizations:
For the initial round of BFC recommendations click here

ACCOUNTABILITY

The Copenhagen Charter organization will discharge their duties, and will be accountable to its members and stakeholders, incl. processes, update of the annual anti-fraud strategic plan and coordination of BFC activities
For further information on accountability click here

INDEPENDENCE

To provide for the independence required in terms of its role, Copenhagen Charter personnel report to the Board of Directors and will have unrestricted access to the Managing Director and Chairman of the Audit, Risk or Compliance Committee, should the need arise.
For further information and details regarding the Charter's Independence click here

FUNCTIONS AND RESPONSIBILITIES

The specific functions and responsibilities are detailed in the Best Practice Notes, Standards and Guidelines for Corruption and Fraud Investigations. Where investigations are conducted that involve allegations relating to any senior manager, written notifications setting out the nature of these allegations will be sent to the Board of directors or the audit committee.

AUTHORITY

To achieve true value and integrated improvements we suggest that The Copenhagen Charter is certified to, depending on the circumstances and situation to:
For details on the scope of investigations and formal reports please click here

MANAGEMENT RESPONSIBILITY

Management must provide unrestricted access to functions, records, property, and personnel, and facilitate the necessary assistance, co-operation and support in connection with the certification process if there is a requirement for additional efforts, other than self assessment.
For further information on how we conduct investigations please click here

RESOURCING

Our recommendations on BFC are focused and based on our cooperation with industry specific specialist investigative service providers. Our relationships with external experts will be governed by appropriate legal documentation, which includes confidentiality undertakings, also for 3rd party engagements. We provide ad hoc project management solutions that can work together with your internal resources. Specialist services in case of an emergency/crisis, will receive top priority.

STANDARDS OF PROFESSIONAL CONDUCT

All investigations, forensics and audits will be carried out in accordance with the Copenhagen Charter Code of Ethics which is based on the Code of Professional Standards and the Code of Professional Ethics of the Association of Certified Fraud Examiners.

Contact us for additional information on one or more of the above Principles on Bribery, Fraud or Corruption Certification issues.