Tag: transparency

For a market to exist, you must have demand and supply, or someone willing to buy and someone willing to sell goods or services. For corruption to exist, you must have someone willing to bribe and someone willing to take a bribe. I am going to discuss how, in West Africa, the demand side of… Read More

On CIPE’s Democracy that Delivers podcast this week, Italian whistleblower Andrea Franzoso talks about the difficult decision he made to expose corruption in his company and the impact this had on his personal and professional life. Franzoso discusses how he came across evidence of wrongdoing by the company’s president, the reaction to his revelations internally, and his eventual… Read More

Embed from Getty Images In early January, Norway’s sovereign wealth fund decided to divest its entire stake — approximately $11.37 million — in the Chinese company ZTE because the company is facing corruption allegations in 18 countries, 11 of which have launched formal investigations. The move by the world’s largest sovereign wealth fund followed an… Read More

Did you know that public procurement — goods and services bought by governments — accounts for around one-fifth of global GDP? Or that in most high-income economies public procurement takes up a third of total public spending, and in developing countries even more – about half? These figures represent a significant share of national wealth…. Read More

With international value chains becoming more sprawling and complex, the idea of risk management in such behemoth structures may cause compliance practitioners to break out in a cold sweat. That’s especially true when corporate corruption scandals make headlines across the world, denting stock prices and ruining hard-won reputations.  It is hard to think of an… Read More

Last week Chinese e-commerce giant Alibaba filed paperwork with the U.S. Securities and Exchange Commission for an initial public offering (IPO). As one of the largest companies in the world’s second largest economy, Alibaba represents an enormous opportunity for investors. They are expected to raise between $15 and $20 billion, making this IPO potentially bigger than Facebook’s…. Read More

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