By Leas Bachatene, CEO of ethiXbase
The last two weeks has been very eventful for the team at ethiXbase with the successful launch of our 1st Asia Pacific Ethics and Compliance Summit in Singapore. I also had the privilege of joining other business leaders and an impressive Karishma Vaswani from BBC World News on Talking Business.
Joined Karishma and other business leaders to discuss the new ASEAN economic community, 22 Jan 2016
The theme surrounding both of these activities was focused on the socio-economic, political, transparency and corruption issues throughout Southeast Asia. There is a genuine window presenting the ASEAN with an immense opportunity if the pillars of the Trans-Pacific Partnership (TPP) and the ASEAN Economic Community (AEC) are captured and implemented properly. *As an economic community, ASEAN is the seventh largest in the world with a combined gross domestic product in excess of $2.6 trillion. With over 622 million people, ASEAN’s potential market is larger than the European Union or North America.
At our 1st Asia Pacific Ethics and Compliance Summit last Thursday, key speakers from leading anti-corruption commissions, enforcement agencies and various authorities and regional/global institutions debated the challenges in doing business the wrong way in ASEAN and how ethics and compliance is essential to achieve success, to build better lives and a more attractive business environment in South East Asia.
Over 250 delegates from across Asia Pacific interacted with the distinguished elite of speakers and supported this initiative to drive a cohesive and pro-active dialogue around how to build, implement and maintain best practice ethics and anti-corruption compliance frameworks.
Panel 1: The challenges of a unified ASEAN anti-corruption compliance regime
With 10 countries in ASEAN and each having their own culture and approach to business practices, the challenge of cross border trade will remain, this will in turn leave ASEAN susceptible to the manifestation of unethical business practices. Hence, ethics and compliance must remain in the forefront of ASEAN leaders’ priorities in order to achieve success of the TPP and AEC.
In my opinion, one of the most accessible and practical ways this can be done is through continuous education and pro-active dialogue among industry leaders, authorities, regulators and the ethics and compliance community at large.
I for one am an ASEAN optimist – and am excited to continue our work in this region to enhance compliance standards and economic sustainability – all this to be achieved in a transparent and ethical manner.
Over the next few weeks, we hope to share valuable and actionable insights from the Summit’s panel sessions through a series of blog posts. We hope you enjoy some of the photos from the event and welcome any comments or questions at firstname.lastname@example.org.
Leas Bachatene is Chief Executive Officer of ethiXbase and chairs the Ethical Alliance Advisory Council. Having devoted his career to compliance he is an avid supporter of furthering anti-corruption initiatives both in ASEAN and across the globe. To learn more about Leas and ethiXbase please visit ethixbase.com.