TRACE Recognizes Innovation In The Shipping Industry

Maritime Anti-Corruption Network (MACN) Named 2015 Innovator in Anti-Bribery Compliance

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Mar 26, 2015, 08:00 ET

WASHINGTON, March 26, 2015 /PRNewswire/ -- Today, TRACE named the Maritime Anti-Corruption Network (MACN), a global business network of companies and associations involved in the maritime industry, the winner of the second annual TRACE Innovation in Anti-Bribery Compliance Award (IACA) for its efforts to create an industry-wide compliance culture through collective action. With a vision of a maritime industry free of corruption, MACN promotes fair trade practices to the benefit of society at large. The IACA recognizes creative, standard-setting approaches to compliance with international anti-bribery laws.

"MACN sets the standard for excellence in the shipping industry," said Alexandra Wrage, president and founder of TRACE. "The collaborative nature of the network, particularly working collectively with other stakeholders, has proven to be a successful model for other industries and joint initiatives."

TRACE, the leading global anti-bribery standard setting organization, relied on a team of anti-bribery experts and more than a decade of experience benchmarking the best practices of multinational companies to select the winner of the innovation award. Submissions were judged on four criteria: creativity; context and sustainability; alignment with business goals; and applicability to the compliance community at large.

"We are very honoured to receive this award as an appreciation of the work we are doing in MACN," said Cecilia Muller Torbrand, legal counsel of Maersk Group and chair of the Maritime Anti-Corruption Network. "This international recognition from a renowned organisation like TRACE is very important to MACN, as it helps support, create awareness and promote our agenda."

MACN was presented with its TRACE Innovation Award at the 11^th Annual TRACE Forum in Washington, D.C.

Past Winners:
2014 – U.S.-based technology manufacturer Dell Inc.

About TRACE
TRACE International and TRACE Incorporated are two distinct entities with a common mission to advance commercial transparency worldwide by supporting the compliance efforts of multinational companies and their third party intermediaries. TRACE International is a non-profit business association that pools resources to provide members with anti-bribery compliance support while TRACE Incorporated offers both members and non-members customizable risk-based due diligence, anti-bribery training and advisory services. Working alongside one another, TRACE International and TRACE Incorporated offer an end-to-end, cost-effective and innovative solution for anti-bribery and third party compliance. For more information, visit www.TRACEinternational.org.

About MACN
MACN is a global business network working towards the vision of a maritime industry free of corruption that enables fair trade to the benefit of society at large. Established in 2011, and formalized in 2012, MACN is comprised of vessel owning companies within the main sectors of the maritime industry and other companies in the maritime industry including cargo owners and service providers. BSR (Business for Social Responsibility) is the secretariat of MACN. For more information, visit www.maritime-acn.org.

SOURCE TRACE