Risk Prevention Plan for Corruption and Related Offenses
SOAP – Só Apresentações Lda
Review Date: October 2025
Introduction
This Risk Prevention Plan for Corruption and Related Offenses aims to identify, prevent, and mitigate corruption risks and related offenses within SOAP – Só Apresentações Lda, ensuring integrity, transparency, and accountability in all company operations.
Objectives
- Prevent Acts of Corruption:Implement effective measures to prevent corrupt practices at all organizational levels.
- Promote Ethics and Integrity:Foster a culture of ethics and integrity among all employees.
- Ensure Legal Compliance:Guarantee compliance with all applicable laws and regulations.
- Promote Transparency and Accountability:Reinforce operational transparency and personal responsibility in all actions.
Plan Structure
- Risk Assessment
- Preventive Measures
- Monitoring and Control Procedures
- Training and Awareness
- Reporting and Investigation
- Review and Continuous Improvement
1. Risk Assessment
Identification of Risks
Critical areas include Finance, Procurement, Contracting, Commercial, Marketing, and Communication.
Main identified risks:
- Payment or receipt of bribes
- Financial fraud
- Conflicts of interest
- Manipulation of contracts
- Undue favoritism in hiring or contracting processes
Impact and Probability Assessment
- Impact:measures the potential harm or loss to the company.
- Probability:assesses the likelihood and frequency of occurrence of each risk.
2. Preventive Measures
Policies and Procedures
- Code of Conduct:clear implementation of ethical and behavioral standards.
- Conflict of Interest Policy:mandatory disclosure of potential conflicts of interest.
- Gifts and Hospitality Policy:definition of limits and rules for accepting gifts or hospitality.
Internal Controls
- Segregation of Duties:separation of critical functions to prevent fraud.
- Internal Audits:periodic audits of company processes and practices.
- Access Control:restriction of access to sensitive or confidential information.
3. Monitoring and Control Procedures
Continuous Monitoring
- Transaction Oversight:regular monitoring of financial transactions to identify suspicious activity.
- Periodic Reviews:regular reviews of processes, procedures, and internal policies.
Risk Indicators
- Data Analysis:use of analytical tools to detect irregular or suspicious patterns.
4. Training and Awareness
Training Programs
- Initial Training:ethics and anti-corruption awareness sessions for new employees.
- Continuous Training:regular refresher courses for all employees.
Awareness Campaigns
- Internal Communication:regular campaigns to reinforce a culture of integrity and ethical behavior.
5. Reporting and Investigation
Whistleblowing Channel
- Anonymous Channel:establishment of a secure and confidential channel for reporting irregularities.
- Whistleblower Protection:guarantee of protection against retaliation for good-faith reports.
Investigation Procedures
- Impartial Investigation:clear and objective internal investigation procedures.
- Corrective Actions:implementation of corrective measures when applicable.
6. Review and Continuous Improvement
Periodic Evaluation
- Annual Reviews:annual review and update of this Plan.
- Employee Feedback:integration of employee contributions into the improvement of the Plan.
Continuous Improvement
- Policy Updates:continuous revision of internal policies based on best practices and lessons learned.
Conclusion
The Risk Prevention Plan for Corruption and Related Offenses of SOAP – Só Apresentações Lda is a dynamic document that must be continuously evaluated and updated to ensure its effectiveness and relevance. The active participation of all employees is essential to promote a culture of ethics, transparency, and accountability within the organization.