Last June, the large Indian biscuit-making concern, Britannia, found itself in the unpleasant necessity of conducting a sweeping internal probe, firing 28 of its employees, and re-assessing its relationship with each member of a diverse supply chain. The costly investigation, the bad press, the diminished morale within Britannia’s extensive workforce – all of them could have been avoided, if Britannia had had an adequate system in place for vetting its suppliers. The company’s code of conduct prohibits insider trading. But there was no due diligence mechanism that would have highlighted relationships between Britannia’s suppliers and More…![]()
