BIS is the 3rd global funding round
project sponsored by the Siemens Integrity Initiative (SII) and operated by
UNGC Network Korea and KoSIF for three years from October 2019 to September
2022 with 3 goals: increasing business transparency and creating
anti-corruption environment by improving laws and systems, strengthening
corporate compliance and ethical management capabilities, and joint efforts to
establish an anti-corruption corporate culture. BIS was selected as one of
three finalists for the Outstanding Achievement Award for a Collective Action
Award 2022 awarded by the Basel Institute on Governance and it was the only project
operating in Asian countries.
Professional groups consisting of
representatives from businesses, government ministries, international organizations,
academia and civil society, including Mr. KiMoon Ban, the 8th Secretary-General
of the United Nations and Mr. YongWoo Lee of the Corporate Anti-Corruption
Cooperation Forum of the National Assembly attended to look back on the past
achievements of BIS and discuss the future direction of corporate anticorruption.
More than 30 Korean companies participated in the ‘Ring the Integrity Bell’
event in the hope that the voice of integrity would resonate widely in our
society reminding the meaning of collective actions.
Mr. HaJoong Chung, President & CEO of
Siemens Korea, celebrated the past achievements of the BIS project through a
congratulatory remark and said, “Regardless of external evaluation, corruption
is ultimately passed on to the cost of the company. Therefore, anticorruption
and ethical compliance management should be a top priority for the company to
find an answer to the topic of sustainable management.” He also added that the
BIS project and Siemens integrity initiative are now being completed, but we
hope that all businesses, governments and social groups will unite and make
continuous efforts and activities for fighting corruption.