Newsletter | Volume 1

Issue I
Issue II
Issue III
Issue IV
Issue V
Issue VI
Issue VII
Issue VIII
Issue IX
Issue X
Issue XI
Issue XII
Issue XIII
Issue XIV
Issue XV
Issue XVI
Issue XVII
Issue XVIII
Issue XIX
Issue XX
Issue XXI
Issue XXII
Issue XXIII
Issue XXIV
Issue XXV
Issue XXVI
Issue XXVII

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The perception and challenges of global bribery and corruption

When Transparency International first launched its global corruption perceptions index in 1995, has been widely debated, and the result is that the annual report is credited with placing the issue of corruption on the international policy and public agenda.

Those that are on the top of the Transparency list can look down at the countries with cultural, bureaucratic, and authoritarian corruption components that continue to flourish. In spite of the number below average, that some countries continue to score, the escalating threats of cyber-crime, terrorism financing and, more recently, the revelations on the possible widespread misuse of offshore jurisdictions, have increased pressure on all stakeholders to act. Therefore, companies have designed and developed due diligence practices that identify and mitigate fraud, bribery and corruption issues.

Therefore, there is added focus to reveal the changes from the past years, on how corrupt the public sectors of each and every country. The Corruption Perceptions Index sends a powerful message and governments have been forced to take notice and act.

Definition to view corruption
Lack of a precise definition of bribery and corruption has limited its systematic study to analyse the real causes and to provide documented and structured guidance. Therefore to get into the core issues, we need to look into the conceptual framework with which to view corruption of a particular country.

To achieve this, the report needs to break the corruption components into the following categories;
  • The donor, the favour, the public official and the payoff.

For each component, schemes to address the solutions on the perceived corrupt and non-corrupt elements must be formulated, documented and tested. If the country, aid organisation, UN or another global body understands the practicality of the scheme by analysing attitudes and root causes in each of the above components, then some headway can be made. Else the top will remain on the top, and the bottom will continue to slide, as the case has been since 1995.

Describe the way to prevent corruption
We must address that behind the numbers is the daily reality for people living in these countries and those visiting or doing business in these countries. If the perception index is broken into the above categories, it can capture the individual frustration of the corruption and bribery facts. See how each country scores. http://www.transparency.org/cpi2015

Prosecution to deter future fraud, bribery and corruption
Most corporate officers around the world feel that at least one form of unethical conduct is justified to meet financial targets even though the perception of bribery and corruption being widespread in the countries that are below average may have improved over the years.

The global business environment is clamouring for enhanced transparency at a time of increased geopolitical tensions and heightened volatility in financial markets. All stakeholders must undertake significant steps to augment transparency, improve accountability to crack down the components of corruption, whenever and wherever they can.

On the 17th August 2016, we provide detailed solutions to start the ultimate anti Bribery and Corruption journey http://www.riskability.org/2016/csr-anticorr/index.htm