Regional telecommunications provider LIME, through its parent company Cable & Wireless Communications (CWC), is now a part of Transparency International’s (TI) Business Integrity Forum, a group of companies committed to ensuring that their operations and business dealings are corruption free.
TI was established in 1993 to monitor and publicise political and business corruption. It now has representation in 100 countries.
The Business Integrity Forum is a group of over 30 leading companies. Member companies must pass a due diligence procedure which ensures that their overall ethos and policies are consistent with TI’s approach and values.
Members commit to uphold the following principles:
• Operating to high standards of integrity and transparency
• Having, or putting into place within a stated period, a detailed anti-bribery & corruption policy
• Commitment to implementing the anti-bribery & corruption policy throughout their operations, and having, or putting into place, a monitoring and evaluation process to ensure effective compliance with the company’s policy.
CWC’s Code of Conduct and Anti-Bribery policies are regularly reviewed and updated by its board and are published on the company’s web site.
“By joining the Business Integrity Forum, CWC is demonstrating that it has a serious commitment to act in an ethical manner in all of its markets,” said Dr Robert Barrington, executive director, Transparency International UK.
“Corruption damages economies, the free market and the fabric of society; it is a major factor in perpetuating poverty and creating unfair competition for clean companies. We are delighted to welcome CWC into our Business Integrity Forum, a coalition of companies that are willing to help us in the fight against corruption.”
Said Tony Rice, chief executive of Cable & Wireless Communications:
“We are pleased to become a partner of Transparency International as we share the organisation’s views about corrupt and unethical business practices. We are committed to operating fairly and with integrity in all our markets and believe that corruption and bribery hurt economies, by deterring inward investment, and impact our customers, by increasing business costs.”
CWC is also a member of the FTSE4Good Index, and in Panama is an active member of the UN Global Compact (renamed locally as Surmase).