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scales across the EU and requires Member States to establish specialized supervisory authorities. We see higher sanction risks than under today’s corporate fine system coming, greater responsibility for third-party relationships (agents, distributors, intermediaries) and extraterritorial exposure, where overseas business can have legal consequences. Strengthening Programmes and Legal Frameworks Companies, therefore, need to strengthen their anti-corruption programs with clearer policies, risk controls, whistleblowing systems, and training. The inquiry proposes extensive legal reviews to strengthen and modernize the criminal-law framework against corruption and misconduct. Specifically, it seeks to tighten and clarify rules on bribery and abuse of trust, but also expand criminal liability
Fair and transparent payroll processes reduce the risk of corruption and abuse of trust while contributing to sustainability reporting in line with the EU’s CSRD and Agenda 2030.
for official negligence. Companies need to take into account international transactions and the possibility of exempting requirements that have previously hindered prosecution (e.g., the requirement of double criminality). Governance and ESG Corruption and bribery are among the greatest threats to a fair and sustainable society. Unethical incentives, lack of transparency, and weak governance structures risk undermining confidence in organizations and trust in public procurement. Governance is therefore a
central component of the ESG perspective. Good governance means that companies and organizations conduct their operations with integrity, accountability, and clear control systems to prevent irregularities. Corruption often involves hidden structures and poor transparency. Why Payroll Processes Matter One practical way to counter this is to work with fair and open processes; this is where payroll management plays a central role. By using data already available in the payroll
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GLOBAL PAYROLL MAGAZINE ISSUE 15
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