More corruption prevention needed in state-owned companies

An analysis by the National Audit Office indicates that a lot of state-owned companies don’t deal with the prevention of corruption systematically. This above all points to deficiencies in the work of their supervisory boards, the office finds.

The analysis revealed that many of state-owned companies have not established the internal guidelines required for the prevention of corruption, and that the assessment of corruption risks and raising employees’ awareness should be given more attention. Most companies have not made it possible for employees to report suspicions of corruption anonymously or determined an action plan that would explain how to behave in such a situation, including informing law enforcement and the general public.

Also, a lot of the companies haven’t established conditions for the giving and receiving of gifts. Still, they predominantly see measures against corruption as necessary, and ministries that manage corporations as well as public works are already applying best practices for the prevention of corruption.

Read more from ERR News


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