The Basel Institute on Governance and the Thai Institute of Directors (IOD), in conjunction with the Thai Private Sector Collective Action Against Corruption (Thai CAC), have today signed a Memorandum of Understanding to jointly support the promotion of anti-corruption compliance.

The agreement covers the launch of a pilot project that aims to encourage the local certification of anti-corruption compliance programmes in SMEs, while alleviating the due diligence burden on multi-national companies.

The Thai CAC will engage, educate and build the capacity of SMEs around anti-corruption policies and systems, as well as the requirements of multinational companies on transparency and due diligence for their suppliers.

The Basel Institute will provide technical assistance with financial support from the KBA-NotaSys Integrity Fund.

The Thai CAC is an initiative by the Thai private sector which aims to tackle corruption via Collective Action and aims to bring effective anti-corruption policy and mechanism into implementation by companies in order to create an ecosystem of clean business community.

Learn more

• Find out more about the concept of local compliance certification through Collective Action and how this novel approach is being applied around the world.
• Explore the B20 Collective Action Hub to learn more about how Collective Action can help to build stronger public-private partnerships in the fight against corruption.
• Pana Ratanabanangkoon, Project Director of the Thai CAC, spoke about the initiative's work and achievements at an UNGASS 2021 side event co-organised by the Basel Institute's Collective Action team and the Swiss Federal Department of Foreign Affairs. Watch the recording.