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

Health care professionals in Egypt conduct a stakeholder analysis to help spell out governance principles for Egyptian hospitals. A hip replacement in the United States, paid for out-of-pocket (i.e., without health insurance), would cost anywhere from $11,000 to $125,000, depending on what hospital you go to, according to a 2013 survey of 100 hospitals featured… Read More

2012-2013 1st Place Winner, Democratic Governance category. By Seyedbehzad Ghafarizadeh (Iran/Canada). Can you create a picture that’s worth a thousand words? Cartoons have an unparalleled ability to communicate universal ideas across cultures and language barriers. Cartoonists have long played a key role in the development of democracy — from the American and French revolutions through to defending media… Read More

“Corruption was a taboo word in 1996. My advisors were worried about using the c-word in my speech.” Nearly 20 years have passed since the former World Bank President, James Wolfensohn, gave his groundbreaking speech on the “cancer of corruption” at the World Bank’s 1996 Annual Meetings. And the anti-corruption movement has come a long… Read More

Corruption is a direct threat to a country’s democratic emergence and an obstacle to a country’s democratic development. In Thailand, for example, corruption was the stated justification for the military’s ousting of an elected government in 2006 and the Supreme Court’s sacking of another elected government in 2008. Competing allegations of corruption were the main drivers… Read More

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