The Office of the Comptroller General (CGU) published an update to the “Integrity Program: Guidelines for Private Companies” yesterday (October 15), to align with new legislation and market practices.
Among the legal changes, notable updates include the publication of regulations for the Anti-Corruption Law and the approval of the new Bidding and Administrative Contracts Law, which now requires the implementation of integrity programs in high-volume contracts by the winning bidder. In terms of market practices, the concept now encompasses topics related to environmental, social, and governance best practices, in addition to the fight against corruption.
