Article 16. Anti-corruption measures in the field of entrepreneurship The Anti-Corruption Law

Home / RLA / Article 16. Anti-corruption measures in the field of entrepreneurship The Anti-Corruption Law

1. When carrying out their activities, business entities shall take measures to prevent corruption, including minimizing the causes and conditions conducive to the commission of corruption offenses, by:

1) the establishment of organizational and legal mechanisms that ensure accountability, accountability and transparency of decision-making procedures;

2) compliance with the principles of fair competition;

3) prevention of conflicts of interest;

4) acceptance and compliance with business ethics standards;

5) taking measures to create an anti-corruption culture;

6) interaction with government agencies and other organizations on corruption prevention issues.

2. Standards for the prevention of corruption for business entities can be developed and adopted by associations (unions) of business entities.

3. A quasi-public sector entity defines a structural unit or a responsible person performing the functions of an anti-corruption compliance service, whose main task is to ensure that this organization and its employees comply with the legislation of the Republic of Kazakhstan on combating corruption. At the same time, the responsible person performing the functions of the anti-corruption compliance service is determined taking into account the potential conflict of interests.

The Anti-Corruption Compliance Service exercises its powers independently of the executive body, officials of a quasi-public sector entity, is accountable to the board of directors, the supervisory board (if any) or other independent management body and is independent in ensuring compliance with the requirements of the legislation of the Republic of Kazakhstan on combating corruption. The competence, organization and procedure of the anti-corruption compliance service are determined by an internal act of the quasi-public sector entity.

A model regulation on anti-corruption compliance services in quasi-public sector entities is being developed and approved by the authorized body for combating corruption in coordination with the authorized body for entrepreneurship.

Business entities that are not quasi-public sector entities have the right to establish anti-corruption compliance services.

The Law of the Republic of Kazakhstan dated November 18, 2015 No. 410-V SAM.

This Law regulates public relations in the field of combating corruption and is aimed at implementing the anti-corruption policy of the Republic of Kazakhstan.

President

Republic of Kazakhstan

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