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
