Guide to Develop Business Principles Countering Bribery

On occasion of a business breakfast held at Telenor’s head office in Törökbálint, Transparency International Hungary and Telenor presented a booklet and a website providing useful and practical guidance to small- and medium-sized enterprises (SME) to introduce fair business practices to their partners.

The Guide to Develop Business Principles for Countering Bribery (available here in Hungarian), introduced at the roundtable discussion, is a material that Transparency International developed specifically for Hungarian small- and medium-sized enterprises. The aim of this edition is to provide practical guide for SME owners and managers who wish to implement an anti-bribery strategy and operate their businesses accordingly.

The guide builds upon the international guidelines of Transparency International, in-depth interviews conducted with Hungarian CEOs, and it is adjusted to the Hungarian legal framework. It outlines a clear and simple six-step process that enables small- and medium-sized enterprises to launch an anti-bribery programme that suits their size and resources. In order to support enterprises in bribery prevention, beside practical descriptions, the guide also contains several real-life situations involving the risk of bribery.

In his speech, Christopher Laska, CEO of Telenor Hungary, stated that multinational corporations have an important responsibility in creating a transparent economic environment, which implies supporting Hungarian partners’ and suppliers’ transparent and ethical operation.

József Péter Martin, Managing Director of Transparency International Hungary, highlighted: “SMEs need simple steps that are easily manageable and applicable in practice, compliance programmes less formal and less strictly structured compared to those of large enterprises. The guide contains these simple steps. Based on the in-depth interviews, we can conclude that ethical behaviour makes Hungarian SMEs become more reliable business partners. They receive more sales orders and it makes them more popular and attractive which is important for marketing and recruitment. Furthermore, it strengthens work ethic and loyalty within the company.”

The guide can be downloaded from the websites of Transparency International and Telenor, and also from a new website: www.vallalatietika.hu. This new site was launched to collect all useful information and easily applicable solutions that SMEs wishing to follow ethical corporate management practices can implement in their organizational development.

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