Ethisphere Announces Anti-Corruption Program Verification

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Ethisphere Announces Anti-Corruption Program Verification

Anti-Corruption Program Verification provides third-party validation that companies have implemented demonstrably robust anti-corruption practices and programs to reasonably prevent and detect bribery and corruption
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@Ethisphere Announces Anti-Corruption Program Verification
Friday, September 24, 2010 - 1:30pm

CONTENT: Press Release

(3BLMedia/theCSRfeed) New York, NY - September 24, 2010 - Amid the increasing global emphasis on and enforcement of anti-corruption and anti-bribery regulations, the Ethisphere Institute, a leading international think-tank dedicated to the creation, advancement and sharing of best practices in business ethics and compliance, today announced the launch of their Anti-Corruption Program Verification.

Anti-Corruption Program Verification provides independent verification of a company’s anti-corruption program and initiatives and is exclusively awarded to companies that have implemented demonstrably robust anti-corruption practices and programs to reasonably prevent and detect bribery and corruption.

“Examining corporations’ global anti-corruption efforts has been a key focus for Ethisphere researchers for years. During this period, we have created the world’s largest corporate anti-corruption program benchmarking database, with details on more than 1,000 corporate anti-corruption programs measured against 20 key criteria,” said Ethisphere Executive Director Alex Brigham. “We are excited to now unveil Anti-Corruption Program Verification whereby corporate controls, cultures and processes can be professionally tested, audited and verified for efficacy. Companies that can pass these rigorous tests are recognized as Anti-Corruption Program Verified, a designation which serves as a strong statement to regulators, partners, customers and governments that the company competes fairly, conducts business with integrity and upholds its responsibilities under the law.”

While there is certainly no shortage of mandates that require and/or encourage an effective anti-corruption compliance program, such as the UN Global Compact, OECD’s Anti-Bribery Convention, the U.S. Foreign Corrupt Practices Act, the Dodd-Frank Act, and new UK Bribery Act, the global enforcement of these standards has increased dramatically in recent years—as have the financial and reputational liabilities associated with noncompliance.

“I applaud Ethisphere for creating an objective and comprehensive third party verification mechanism for multinational organizations. The launch of such a verification is both long awaited and much needed by the international business community,” said Michael Hershman, President and CEO of Fairfax Group and Co-Founder of Transparency International. “Ethisphere has set themselves apart as a reputable thought leader in the compliance and ethics industry and has developed a thorough and respected methodology for such verification.”

Mr. Brigham and Mr. Hershman will be hosting a live, 20 minute conference call to discuss Anti-Corruption Program Verification on October 5, 2010 at 1:00 p.m. EDT. Brigham and Hershman will cover the business case for Anti-Corruption Program Verification, the methodology, process, deliverables and the benefits of independent verification. To register for this webinar, please click here or contact

For more information on the Ethisphere’s Anti-Corruption Program Verification, please visit



Erin Fullerton
Ethisphere Institute
Keywords: Alex Brigham | Anti-Corruption Program Verification | Dodd-Frank Act | Ethisphere Institute | Michael Hershman | OECD’s Anti-Bribery Convention | Transparency International | U.S. Foreign Corrupt Practices Act | UK Bribery Act | UN Global Compact

CONTENT: Press Release