Tag Archives | Bribe Payers Survey

How can business battle corruption?

12 October 2012 in Private sector

President Barack Obama, speaking to the United Nations General Assembly about the true nature of democracy, mentioned corruption and bribery several times. I was particularly struck by this line: True democracy demands that citizens cannot be thrown in jail because of what they believe, and that businesses can be opened without paying a bribe. Unfortunately, […]

Read full story Comments { 0 }

Transparency comes calling on telecoms, banking sectors

4 October 2012 in Accountability, European Union, Politics and government, Private sector

Our recent report on corporate transparency has exposed lamentably low levels of country-by-country reporting across the business spectrum. This means 69 of the world’s biggest companies operate in India, for example, but only two disclose how much money they made there, and not one discloses Indian tax payments on their main corporate website (see the […]

Read full story Comments { 2 }

Big banks: Where does the buck stop?

28 September 2012 in Financial Markets, Private sector

After four years of economic crisis and financial scandal, finally some good news. Eighty-five per cent of bank employees surveyed believe that their companies have an ethical duty to fight corruption. That is a finding from our survey of 3,000 businesspeople in 30 countries: Putting Corruption out of Business (see what businesspeople from other sectors […]

Read full story Comments { 2 }

The business case for fighting corruption

24 September 2012 in Anti-corruption movement, Private sector

With countries under pressure to create growth and jobs, especially for the young generation just entering the job market, dealing effectively with corruption is not only an ethical imperative; it is an imperative for the well-being of the economy and society. Elaine Dezenski, Senior Director and Head, Partnering Against Corruption Initiative, World Economic Forum, explores […]

Read full story Comments { 6 }

Bribery is bad for business

6 September 2012 in Africa and Middle East, Americas, Asia Pacific, Europe and Central Asia, Private sector

We ask businesspeople where they lose out to competitors’ corruption. One of the biggest corruption stories in the world this year was the allegation that Walmart paid bribes totalling US$24 million in its Mexican operations. It makes you wonder how many other companies lost out because of those bribes. A new survey gives us some […]

Read full story Comments { 8 }