The Republic of the Union of Myanmar

The Anti-Corruption Commission

The Notification Order No. (14/2018)

The 10^th Waxing Day of Thadingyut, M.E. 1380

(19 October 2018)

Designating basic principles for preparation and practice of principally sound business ethics and appropriate internal control measures related to corruption prevention in private entities

The Anti-Corruption Commission hereby issues the Notification according to sub-section 72(b) of the Anti-Corruption Law, 2013.

1.       Sub-section 16(q) of the Anti-Corruption Law indicates one of the duties of the Commission as “Issuing an order to any private entities to be developed and applied a work related code of conduct strongly based on the preventive corruption”.

2.       Accordingly, the Commission hereby designate the following  principles to be based not only in preparation and practices of principally sound business ethics but also in taking appropriate internal control measures to prevent corruption in private entities:

(a) To set up strong and effective policy for the fight against corruption and to get the  commitment of highest management on the         policy 

(b) To effectively assess, identify and evaluate on corruption risk assessment

(c) To take more precise and comprehensive measures in vulnerable and high risk of corruptions.

(d) To include not only one’s own business but also all other linking value change processes into the fight against corruption. 

(e) To keep records and accounts systematically and correctly.

(f) To pursue human resources development policy helpful to the fight against corruption.

(g) To keep reliable reporting mechanism for enabling to report the doubt of corruption.

(h) To keep regular monitoring and evaluation system on activities related to prevention of corruption.

(By) Aung Kyi

Chairman

The Anti-Corruption Commission