Monday April 20, 2015
Monday April 20, 2015
There is a serious shortfall in transparency, integrity and equality of access within the lobbying process across Europe, according to a report released last week by Transparency International. This has created a need to “foster a culture of integrity among companies and organisations seeking to influence public policy,” says TI.
The report – Lobbying in Europe: Hidden influence, privileged access – suggests that a lack of robust and effective lobbying regulation has contributed to the problem. Only 7 out of 19 countries that TI surveyed had dedicated lobbying regulations and TI argues that many of the regulations in place are unfit for purpose. The report warns that this has resulted in inadequate safeguards against undue influence in public decision-making and states that “unfair and opaque lobbying practices constitute one of the key corruption risks facing Europe, and six out of 10 European citizens consider their government to be seriously influenced or entirely co-opted by a few vested interests.”
In addition to providing recommendations to decision makers on how to improve the regulation of lobbying, the report contains several recommendations for organisations that are seeking to influence public policy.
For example, TI advises firms to “be aware of and comply with all the applicable laws, regulations, rules and codes of conduct concerning lobbying activities” and to “register in all lobby registers in jurisdictions where lobbying is undertaken, including those that are voluntary.”
Going further, TI notes that larger corporates are increasingly doing much of their own lobbying (a process which is often led by senior management). It therefore recommends that all organisations engaging in lobbying should seek to foster a culture of integrity in their lobbying activities. This should include the establishment of “internal policies and procedures for transparent and ethical conduct” which should be “integrated with [the] organisation’s anti-corruption policies and corporate social responsibility commitments”. Such firms may therefore look to review or enhance their existing senior management oversight, staff training and third party due diligence to incorporate such measures.
If you’re interested in an ICA qualification, view all courses in AML, governance, risk and compliance and financial crime preventionhere. You can find out more about all our courses at a free ICA briefing session, find out more here.
To stay updated on the latest developments in governance,risk and compliance, anti money laundering and financial crime prevention, please follow us on either LinkedIn, Facebook andTwitter where you are guaranteed to be notified when our next blog post goes live!
Thank you. Your comment is awaiting moderation and should appear on the site shortly.
Required fields are not completed, please ensure all required fields (*) have been filled in properly.
You can leave the name empty should you wish to remain Anonymous.
You are replying to post:
MAILING LIST SIGN-UP
Complete this form to join the ICA Mailing List
*These updates may come from us or our training partners.
© International Compliance Association I Company registration 4429302 I Registered office 5th Floor, 10 Whitechapel High Street, London, E1 8QS, United Kingdom