Anti-Corruption and Fraud in Africa

Anti-Corruption, Whistle-Blowing

IIB-DG adheres and promotes an anti-corruption and anti-bribery culture in all its operations.

IIB-DG implements adequate measures by developing internal policies and procedures that are designed to inhibit any corrupt practices.

The Code of Ethics and Professional Conduct serves as a paradigm for regulating any gift handing as well as for any conflict of interest management and whistle-blowing for disclosing any private company information.

Investigating Fraud, Corruption, and Misconduct

IIB-DG governs the professional conduct and ethical behavior of its employees, officials, and consultants through conducting appropriate investigations on any alleged misconducts. This is regulated by IIB-DG’s Office of the Chief Compliance Officer.

• Fraud, Corruption, and Misconduct – a definition
• Fraud – a criminal deceit or deception intended for self-gain.
• Corruption – the exploitation of public or private office for personal advantage.
• Misconduct – the negligence, whether intentional or otherwise, in adhering to the company policy and regulations.

The following lead to the abrasion of IIB-DG public confidence in political institutions and legal systems. Furthermore, they can result in the distortion of resource allocation, inflate spending on public procurement, and weaken market competition.

Reporting fraud, Corruption, and Misconduct
By corroborating your report, you are able to facilitate an investigation, despite the lack of hard evidence. All supporting documents will be regarded as confidential information and must be submitted directly to IIB-DG `s legal counsel.

Social Responsibility
With the directives of the Corporate and Social Responsibility (CSR), IIB-DG promotes the practice of “Responsible business is good business.” We support CSR initiatives which:

• Are in line with its strategy and vision
• Have, at their core, economic empowerment goals
• Benefit the greatest number of people
• Focus on sustainability through partnership, technology transfer, and replication

IIB-DG promotes the value of alliance and partnership with the communities, governing bodies, the private sector, and public benefit organizations (PBOs). This for the purpose of improving the buy-in and viability of the initiatives. Among the essential factors are:

• Ethical conduct, openness and diversity
• Sustainable practices that ensure mutual benefit for IIB-DG and society
• Partnership and people participation