Corruption risk management
At Saab, mitigating risks is a crucial part of doing business. That is why we recurringly work to identify and assess corruption risks.
Saab seeks to identify and assess corruption risks and programme improvements in multiple ways. The compliance module of the enterprise risk management (ERM) process serves to rate the corruption risk in Saab’s business dealings. This is done using a method that measures the corruption risk in all business prospects above 50 MSEK against a set of weighted risk indicators and a country risk multiplier.
In addition, Ethics and Compliance performs an annual group-wide corruption risk assessment to identify and manage corruption risks and gaps in Saab’s anti-corruption programme. Data to the group-wide corruption risk assessment is collected from a number of sources including stakeholder workshops, regulatory requirements, external benchmarking, ERM-output and other metrics.
Local compliance reviews in foreign operations are conducted in person at regular intervals of three to four years to verify compliance and identify improvements to the programme. The result of all assessments and activities are converted into actions in annual activity plans or road maps.
Process for appointment and management of business intermediaries.
Consolidated Code of Conduct.
Introduction of whistleblowing system.
Establishment of group function to manage appointment process for business intermediaries. Formation of Ethics and Compliance Board.
Corruption risk management instruction. Code of Conduct update.
Appointment of Chief Compliance Officer. Reporting structure to the Audit Committee established.
Customized anti-bribery e-learning.
External whistleblowing hotline. Audit programme for business intermediaries.
Supplier Code of Conduct.
Code of Conduct update.
Externally vetted compensation assessment methodology for business intermediaries. Whistleblowing investigation protocol.
Ethics and compliance portal. Corruption risk management process for industrial partners.
Annual Code of Conduct certification process for top management. New ABC training strategy.
Update of Business Partner on-boarding process. Launch of group-wide corruption risk assessment.