ICGN Statement and Guidance on Anti-Corruption Practises

Andrés Fernández López

Eduardo López Sierra

Fernando González Ruiz

Estela Fernández González

Corruption is operationally defined as the misuse of entrusted power for private gain.

Private-to-private

Private-to-public

Why these anti-corruption practises?

•It has long undermined economic development.

•Corruption is incompatible with good governance.

•Investors has an important role on avoid corruption.

Types

Corporate reporting on anti-corruption practices

Ways of fighting against corruption:

•Having a strong, independent legal and regulatory framework.

•Calling companies into voluntary collaborative transparency agreements

Why is important for ICGN reporting all the information?

How anti-corruption practices affects investors?

Why corruption matters

investors•General problems.

•Problems for investors with exposure across the market.

•Problems for investors in individual companies.

•Problems if the corruption comes to light.

•Problems for companies with weak anti-corruption control.

Anticorruption CheckPOLICY

1. Good defined.

2. According the culture procedures.

3. Board in compromise with anticorruption.

4. Policy clear to all stuff.

5. Defined sanctions.

6. Responsability.

7. Reviews.

8. Transparency.

9. Information to interested people.

10.Reveal info about its policies.

11.Voluntary Activity.

12.Anticorruption iniciatives.

SO...

BETTER SAY NONO

TO CORRUPTION

THANKS FOR YOUR ATTENTION!