Nobody remains untouched by corruption, including the private sector, from the smallest entrepreneur to the largest multinational enterprise. Corruption cannot be defeated without the active contribution of the private sector. This guidance can help Greek companies achieve the goal of implementing effective anticorruption compliance measures.
The guidance adapts existing national and international guidance to the Greek context, keeping in mind that small and-medium sized enterprises (SMEs) make up 99.9% of Greek enterprises and account for 87.3% of employment.
Internal reporting mechanisms that encourage company employees or third-party business partners to report any witnessed ethical or legal violation internally are an effective way for a company’s leadership to take preventative or corrective action for acts that if left undetected, could be disastrous for the company.
These Guidelines are designed to assist companies in Greece in developing and implementing effective internal reporting mechanisms. Greece’s National Anti-Corruption Action Plan (NACAP) sets out key areas of reform and defines priorities in enhancing integrity, transparency and the fight against corruption.The Guidelines reflect current international standards and good practices in whistleblower protection and are relevant and adaptable for companies operating in numerous jurisdictions.
The Convention on Combating Bribery of Foreign Public Officials in International Business Transactions establishes legally binding standards to criminalise bribery of foreign public officials in international business transactions and establishes an open-ended, peer-driven monitoring mechanism to ensure the thorough implementation of the international obligations. It is the first and only international anti-corruption instrument focused on the ‘supply side’ of the bribery transaction.
The Convention was adopted on 21 November 1997 on the occasion of the Negotiating Conference.