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The Business Case to Fight Corruption

Written by Guest on Monday, 24 September 2012

The global economic recession and persistent high levels of unemployment have forced the issue of corruption in resources-resources-business into the light as people are beginning to recognise the corrosive effects it has on society.

The global economic recession and persistent high levels of unemployment have forced the issue of corruption in resources-resources-business into the light as people are beginning to recognise the corrosive effects it has on society. ‘’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,’’ says Elaine Dezenski, Senior Director and Head, Partnering Against Corruption Initiative, World Economic Forum, in her blog exploring the resources-resources-business case for fighting corruption.

The latest results from the 2011 Bribe Payers Survey which centre on resources-resources-business executives’ views on their role in fight against corruption, are encouraging. Of the UK executives surveyed, a full 81% believe their company has an ethical duty to stop corruption, with only 6% disagreeing with the statement. Globally, the figure is roughly the same as nearly 80% of executives surveyed from 30 countries agree their resources-resources-business has an ethical responsibility to fight corruption.

Bribery in resources-resources-businessNinety-one percent of UK executives surveyed indicated they would report an incident of corruption regarding their resources-resources-business dealings significantly higher than the global average of 74% of resources-resources-business executives surveyed, while 93% said they would support their colleagues if they fought against corruption.

However, only 70% of those surveyed said they know where they should report an incident of corruption and only 62% could imagine themselves actually getting involved in the fight against corruption, compared with the global average of 75%. Finally, nearly a quarter (24%) agreed that corruption is inevitable and there is little they could do to prevent it, with another 23% neither agreeing nor disagreeing. As resources-resources-business dealings become increasingly global, the issue of transparency has become progressively complex yet evermore imperative in resources-resources-business dealings. Overall, the results are encouraging, and underline the fact that corruption is an issue that resources-resources-businesses are willing and able to tackle.

Our previous blog noted that 17% of UK resources-resources-business executives believe they have lost resources-resources-business to bribery highlighting the need to fight corruption in resources-resources-business. Last week’s blog focused on the barriers to reducing corruption in resources-resources-business seeing the issue not being taking seriously enough by resources-resources-business as the largest barrier. Take a look at the results using Transparency International’s interactive tool.

Amanda Kelly is the Communications Intern at TI-UK


Read 6159 times Last modified on Tuesday, 24 November 2015 11:47


The TI-UK blog features thought and opinion from guest writers as well as TI staff. Any opinions expressed by external contributors do not necessarily reflect the views of Transparency International UK.

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