- The US$2.6 trillion ASEAN Economic Community (AEC) and the US$28 trillion Trans-Pacific Partnership (TPP) – set to spur economic development for a number of Asia’s economies.
- Anti-corruption compliance and building an environment of business transparency key to successful economic integration.
- Summit to feature insights from and initiate dialogue between private and public sector regulators and leaders, including U.S. Department of Justice, INTERPOL, Transparency International, APEC Secretariat, together with leading SEA anti-corruption commissions and businesses.
SINGAPORE, 19 January, 2016 – Asia-Pacific and global anti-corruption compliance and business transparency leaders will gather in Singapore on January 21st 2016 to discuss the opportunities and challenges of corporate transparency, business ethics and anti-corruption compliance – and its impact on building a better business environment for the region. They will meet at the 1st Asia Pacific Ethics & Compliance Summit, organized by ethiXbase, a Singapore-based global provider of anti-corruption and compliance solutions to local, regional and global businesses.
Leas Bachatene, Chief Executive Officer of ethiXbase said, “The US$2.6 trillion ASEAN Economic Community (AEC) and the US$28 trillion Trans-Pacific Partnership (TPP) are set to spur economic development for a number of Asia’s economies; the world is looking at Asia to drive economic and business flows. Anti-corruption compliance and building an environment of business transparency will be key to successful economic integration; firms will have to change the way they do business, amid increasing regulatory pressure and enforcement actions.”
The 1st Asia Pacific Ethics & Compliance Summit will feature insights from and initiate dialogue between a number of private and public sector regulators and leaders, including the U.S. Department of Justice, INTERPOL, Transparency International and the APEC Secretariat, along with senior representatives from leading anti-corruption commissions in SEA. It will explore various key themes, including the importance of public, investor and regulator perception, the idea of a single unified anti-corruption compliance regime for ASEAN, the social impact of corruption-driven illicit activities, the organizations’ tone from the top in defining best practices to become a standard bearer for ethics and compliance, as well as the increasing likelihood of corrupt behaviour being exposed.
Speakers at the 1st Asia Pacific Ethics & Compliance Summit include: Jane Diplock, Director, Singapore Exchange (SGX); Hui Chen, Compliance Counsel Expert, U.S. Department of Justice, via livestream; Patrick J. Loll, Legal Attaché Singapore, U.S. Department of Justice, Federal Bureau of Investigation; Dr. Alan Bollard, Executive Director, APEC Secretariat; Dato’ Sri Haji Mustafar, Malaysian Anti-Corruption Commission; Keo Thyvuth, Anti-Corruption Unit, Kingdom of Cambodia; Giri Suprapdiono, Corruption Eradication Commission, Republic of Indonesia; Hon. Rodolfo M. Elman, Office of the Ombudsman, Philippines; and John Coogan, International Finance Corporation.
Radish Singh, Executive Director of Deloitte Forensic, Singapore said, “Parts of Asia-Pacific, including Southeast Asia, have traditionally been regarded to demonstrate vulnerability in transparency and accountability for bribery and corruption, not to mention the perceived weakness in legislative or enforcement framework, or otherwise archaic corruption laws. This however is set to change as a number of countries in the region are paving the way to promote high ethical standards to combat bribery and corrupt practices. Other than the local regime, certain institutions have implemented, in Asia, their global compliance frameworks advocating zero tolerance to bribery and corruption as demanded by their home legislative or regulatory requirements.
“The summit will provide a stage to encourage top-level dialogue between regulators and business leaders, to discuss how Asia-Pacific could take a global lead to drive business transparency and compliance in this area,” added Singh.
About Asia Pacific Ethics & Compliance Summit
The 1st Asia Pacific Ethics & Compliance Summit will be providing an independent platform for pro-active discussion on ethics and compliance in the region. Through a series of keynote speeches and panel discussions, the one-day platform will feature an esteemed and unprecedented line-up of speakers from regional and global authorities dedicated to fighting corruption and promoting best practices. Hundreds of professionals across industry sectors are expected to join the dialogue to explore ways to enhance corporate transparency, integrity, ethical conduct and best practice anti-corruption compliance.
Supporting organizations of the summit include Deloitte, Petronas, Duane Morris & Selvam LLP, Singapore Corporate Counsel Association (SCCA), CFA Institute, Singapore International Chamber of Commerce (SICC), Compliance Recruitment Solutions, Liberty Asia and Chab Dai Coalition.
Note to editors:
The inaugural Asia Pacific Ethics & Compliance Summit will be held at Sheraton Towers Hotel Singapore on 21 January 2016. Industry practitioners in compliance, risk, governance, ethics, legal and operations roles are invited to attend for free.
As seats are limited, interested participants are encouraged to register and secure their tickets at http://ethixbase.com/1st-asia-pacific-ethics-compliance-summit-registration/.
For more information please visit: http://ethixbase.com/1st-asia-pacific-ethics-compliance-summit-home/.