UN Global Compact
Deep Dive: Assessing The Risk of Corruption to your Business
Effectively preventing and countering corruption within a business requires a thorough understanding of the risks an organization faces. This Deep Dive session was developed by the United Nations Office on Drugs and Crime (UNODC) and is delivered through the UN Global Compact Academy. Participants will learn how they can use corruption risk assessment to identify corruption vulnerabilities within their operations, including with their stakeholders, and devise efficient, cost-effective strategies to mitigate those vulnerabilities or risks.
The session will feature examples from experts and business practitioners on the impact of a risk-based approach for any anti-corruption programs within businesses and provide an overview of corruption risk assessments in the private sector, including the benefits and challenges.
By attending this Deep Dive, you will learn:
What is risk assessment, and why is it essential for business?
What are the core elements of risk assessment, especially those regarding corruption risks.
Challenges and good practices in identifying and mitigating corruption risks.
How Small and Medium-sized businesses can also adapt risk assessment processes.