Left unchecked, corruption creates a toxic culture in our business, deprives communities of the benefits that should flow from the projects we develop and undermines government decision making.

Anti-corruption standards and procedures

GEI Mekong’s Code of Conduct and anti-corruption standard clearly prohibits bribery and corruption in all of our operations and business dealings. We strictly prohibit making facilitation payments, particularly payments to government officials to obtain routine services to which GEI Mekong is otherwise legally entitled to. The obligations for our employees and contractors are clear and the Company provides training and support to ensure they are understood. Similarly, senior management are required to incorporate anti-corruption compliance into our business key performance indicators.

Our anti-corruption standard also requires review or approval by the Compliance Function of activities which potentially involve higher risks of exposure to corruption including:

  • the provision of gifts, travel, and hospitality (including for government officials) above certain thresholds;
  • the offering of commercial sponsorships;
  • the offering of community donations or projects;

Compliance Function approval is also required before engaging third parties who interact with others on our behalf (which we refer to as “business partners”) and before entering joint ventures or co-investments. A risk-based system is used to assess business partners and determine due diligence and other compliance requirements prior to approval. All suppliers must comply with various minimum requirements, including GEI Mekong’s expectations in relation to anti-corruption compliance.

Other standards and procedures include minimising the use of cash throughout the Company (unless approved by GEI Mekong’s Chief Financial Officer) and the development of a tailored anti-corruption audit plan.

Anti-corruption risk assessments

All Assets and Functions within GEI Mekong are required to conduct regular anti-corruption risk assessments with the Compliance Function focusing their attention on their highest areas of risk. Risk assessments form a critical part of the compliance program, ensuring that resources are focused on the highest areas of risk and that an adequate set of controls has been adopted to mitigate these risks. Anti-corruption risk assessments follow GEI Mekong’s standard risk assessment process, including a process for identifying and regularly testing the effectiveness of the controls which are regarded as critical to manage corruption risk.

Anti-corruption training

All of our employees undertake anti-corruption training developed by the Compliance Function. Individuals who require anti-corruption training complete either online training or in-person training direct from a member of the Compliance team focusing on the corruption risks they are likely to face.

Independent monitoring and audit

The Compliance Function conducts regular monitoring of financial and other data to check the operation of key controls such as the requirement to obtain pre-approval before engaging in higher corruption risk transactions and compliance with training requirements.

Our internal audit team conducts regular anti-corruption audits to assess implementation of anti-corruption controls and to identify transactions and conduct that are not consistent with GEI Mekong’s policies, standards and procedures.

Any breaches of process detected during monitoring or auditing are considered by the Compliance Function to assess whether further investigation is required.

Confidential reporting and investigations

Reporting suspected corruption issues is encouraged at GEI Mekong as we encourage our employees to feel safe to speak up. Reports can be made through a number of avenues including through our confidential whistleblowing mechanisms. Any retaliation against someone who speaks up and reports an issue is prohibited by our Code. The Compliance legal team manages investigations into all potential anti-corruption issues.

Design and continuous improvement

We know that our compliance journey is never over; we will continue to learn and look for better ways to manage this critical area of business. GEI Mekong’s Compliance Function regularly reviews the design of the anti-corruption compliance program and uses the results of monitoring, audits and investigations to make appropriate enhancements.

These measures collectively make up our anti-corruption compliance program and contribute to the global fight against corruption.

Contact us for further information about GEI Mekong’s anti-corruption policies.