PRinciples



Bribery, Fraud and Corruption



Business should work against corruption in all its forms, including extortion and bribery. Therefore, Copenhagen Charter on Bribery, Fraud and Corruption (BFC) focuses on creating business value thru practical solutions and tools to prevent Bribery and Corruption. The customized IT solutions and templates document and provide solutions for sustainable awareness to help participating companies develop, perform and explore the following issues to fight corruption within the member organization;

The objective of the Copenhagen Charter on Bribery, Fraud and Corruption’s anti-corruption policy is to ensure that our client’s activities, financial support and staff behavior is not influenced by bribery or corruption.

Copenhagen Charter on Bribery, Fraud and Corruption produces a number of member relevant reports and monthly newsletters that are practical, straightforward and user friendly in terms of implementation of the recommendations. These proposals should establish a position or platform for a dialog on key issues with stakeholders for all members and clients.


By introducing the Copenhagen Charter our clients sends a clear signal to ALL stakeholders of their commitment to fight corruption BFC and by implementing the charter’s principles and practices will keep the house in order and achieve maximum beneficial use of available resources by adhering to the following;







The Charter:

  1. Develop an reasonable level of financial and operative independence as well as breadth of internal audit reports to expose corruption and take immediate action to identify, monitor, and report fraudulent activity.
  2. Organise training sessions, e-learning workshops, seminars and conferences and support overall analysis and evaluation and development plans and dialogues on corruption and how to develop models of sustainability, cost-efficient structures.
  3. Regularly evaluate the efficiency and effectiveness of financial and internal control systems on Governance, Risk Management, Compliance and IT Security as well as follow up on the Copenhagen Charter’s recommendations related to the detection of bribery and Corruption thru the components of good governance, business ethics, and sustainable development
  4. Increase focus on reducing the risk of bribery and corruption by pointing out the importance of transparency and accountability, internal control and audit trails on areas and operations subject to corruption by developing effective high risk indicators to prevent bribery and corruption
  5. Develop tools that establish an effective means for the public dissemination and disclosures of audits, reports and relevant information including establishing a good relationship with the local officials and stakeholders in relation to specific Corruption issues
  6. Document the method of a closer cooperation and appropriate exchange of information with business organizations, local membership organizations and other national and international bodies fighting corruption
  7. Creating a mechanism (intranet/database/website) to intensify the exchange of experiences on corruption with stakeholders and other relevant bodies
  8. Develop the tools that support the establishment of personnel management procedures for the public service that select, retain, and motivate honest, competent employees
  9. Encourage the establishment of guidance for financial disclosure by public servants, and monitor compliance as part of the ongoing evaluation process related to corruption
  10. Develop an accepted Code of Ethics to promote higher ethical standards and a code of ethics and integrity issues that primarily is based and focuses on corruption
  11. Establishment of a well-publicized means to receive and process information from the public on perceived irregularities related to anti corruption to protect against the organizations public image and reputation issues
  12. Maintain the procedures that work regarding corruption through international existing committees and working groups; for example, the Auditing Standards Committee will consider these issues as part of developing implementation guidance as part of a broader common framework