Photo Credit: Lattitude Canada, Wikimedia Commons This post is based on a blog originally published on Corporate Compliance & Ethics Africa It is a basic economic principle that a market exists because there is the concurrence of demand and supply or someone willing to buy and someone willing to sell goods or services. Similarly as… Read More
Corruption in global value chains remains among the top risks that companies around the world must mitigate. Most multinational corporations have gone to great lengths to ensure anti-corruption compliance among their business partners abroad. However, many firms in emerging markets – especially the smaller ones – still do not necessarily know how to go about… Read More
Corruption is a systemic problem that plagues many transitional countries across the world, rooted in weak rule of law and lack of private property rights. Not only does corruption erode trust in public institutions, such practices also hinder economic growth and weaken democratic governance. The corruption challenge can be addressed by building responsive institutions that offer… Read More
Without a strong compliance program, many smaller Russian firms could be locked out of lucrative contracts with big multinationals. By Henry Nelson In countries with weak rule of law, anti-corruption efforts suffer from a collective action problem: because bribery and corruption are endemic and occur frequently, individual small business owners hesitate to reform because they… Read More