CIPS Exam L4M8 Topic 12 Question 56 Discussion

Actual exam question for CIPS's L4M8 exam

Question #: 56
Topic #: 12

[All L4M8 Questions]

Why is it important to have adequate procedures in place within an organization in relation to bribery?

AExplanation:
Bribery is the act of giving someone something of value to persuade them to do something that benefits you. Ethical and responsible sourcing requires conducting due diligence on bribery before going into contractual relationship because failure to this might lead to loss in reputation.
In other for an organization to defend itself against a case of suspected bribery, the United Kingdom bribery Act introduced in 2010 suggests that organizations should have adequate procedures' in place.
The following are six procedures an organization should have in place to be able to defend itself against bribery
1) Proportionate procedure
2) Top level commitment
3) risk assessment
4) due diligence
5) communication
6) monitoring and reviewing

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Suggested Answer: A

by Marvel at Mar 19, 2025, 09:13 AM

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7 days ago

Adequate procedures are crucial to protect the organization's reputation and avoid legal consequences. Bribery is unethical and can lead to serious repercussions if not properly managed.

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