Ethics in Procurement and Supply

The Global Standard for Procurement and Updated theme 11 Ethics in Procurement and SupplyTheme 11 Ethics in Procurement and Supply UpdateThis formal addendum includes an in-depth update with new content focusing on a number of crucial subject areas within the profession, such as Modern Slavery, Corporate Social Responsibility (CSR) and Bribery, Corruption and the 2018 annual percentage review of version of the CIPS Global Standard for Procurement and Supply , first published in 2017, we ve decided to publish this addendum. It reflects that a significant update was required to meet this fast moving key area of knowledge, understanding and capability for those working at all competency levels within the profession. Readers should refer to version of the Standard where this addendum should supercede the content within the associated original Theme 11: Ethics in Procurement and O Brien, FCMI, FIoD, Group Professional Development Director, Pillar: People Development StandardsTheme 11: Ethics in Procurement and SupplyThis theme helps individuals to recognise and evaluate the importance of Ethics and responsible Procurement in organisations and Supply chains.

applies to the organisation’s procurement and supply function The impact of bribery, corruption and fraud on procurement and supply and related issues, such as: • Associated legislative frameworks e.g.: UK Bribery Act 2010 • Reputational impact • Risk assessment • Due diligence, monitoring and audits • Paying and receiving bribes

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