Joint Venture Consortium

Vetting of Partners Flowchart

The current vetting procedure has been devised for companies planning to enter into a partnership, joint venture or consortium. The vetting procedure is based on an active business Code of Conduct on corruption and bribery. The use of it can minimise the large number of problems related to corrupt partners and will reduce the overall risk associated with doing business in the country in question.

The evaluation procedure has been especially devised for SMEs. In case an SME would outsource the vetting of partners, the procedure and accompanying instructions may serve as terms of reference.

The procedure only covers aspects related to corruption and bribery and should not be used to assess all risks associated with market entry or general business conduct.

The procedure does not address corruption and bribery related to the daily business but focuses alone on risks associated with the vetting of partners. The procedure presupposes that a satisfactory project evaluation has been conducted on beforehand.

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Download procedure document in Word format for print