Private Sector Roles in Fighting Corruption Many companies operating in weak rule of law countries and competing against companies with weak governance standards are still faced with the dilemma of paying bribes to win business or withdrawing from high-risk markets. We provide support to businesses operating in such high-risk environments for structuring and implementing effective anti-corruption mechanisms that limit incentives and opportunities for corruption, bribery and extortion. Depending on specific priorities and needs, we assist clients to minimize corruption in specific commercial projects, to promote long-term reforms that seek to strengthen institutions and regulatory systems against corruption or to raise awareness about private sector roles in fighting corruption. We also aim to be a knowledge center in the area ofprivate sector roles in fighting corruption. We collect, summarize, and analyze various data on the successes and failures of business efforts against corruption, and develop practical implementation resources for business and their key stakeholders. Current Initiatives (descriptions below) • Collective Action Against Corruption • Business Ethics Executive Development Programs Executive Development Program on Fighting Corruption and Promoting Good Governance Offering business executives an in-depth look at mitigating the risks and costs of corruption by examining real-life dilemmas that businesses face in promoting good governance practices and implementing anti-corruption tools in high-risk environments. www.worldbank.org/wbi/edp Research and Publications Fighting Corruption through Collective Action Fighting Corruption—Business as a Partner Development Outreach UNGC Quarterly Current Initiatives (descriptions) Collective Action against Corruption Collective Action is increasingly becoming an integral part of effective anti-corruption efforts as it addresses one of the underlying challenges of combating corruption in developing countries – standing up alone to corrupt transactions. As a collaborative and sustained process of cooperation between stakeholders, Collective Action increases the impact and credibility of individual action, brings vulnerable individual players into an alliance of like-minded organizations, and levels the playing field between competitors. This program jointly developed with a business-oriented coalition of international organizations and NGOs, helps clients to design and implement Collective Action frameworks and developed an implementation guide for Collective Action and accompanying web-portal with best practices experiences. Business Ethics This program, developed with the United States Chamber of Commerce, aims to build capacity of business leaders on business ethics at the firm level through a blended approach comprising of the on-line course, face-to-face training and technical assistance. It complements our Collective Action against Corruption program as effective internal anti-corruption systems are a pre-condition for the successful implementation of Collective Action frameworks. |
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