CEOs face Sh1m fine on failure to set up graft reporting lines



Business Daily | by John Mutua


CEOs and top executives of firms that have not established an internal code of conduct to report and fight corruption risk a fine of Sh1 million or a 10-year jail term.

The penalties follow the expiry of the six months grace period for firms to set up in-house platforms that will assess risks and exposure to corruption, train staff on fighting graft and establish internal networks for workers to anonymously report suspected bribery and graft cases…

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