Alan Boeckmann, Chairman and CEO of Fluor Corporation joins the World Economic Forum’s Partnering Against Corruption Initiative (PACI) and explains that “fighting corruption makes good business sense.” Incentives to join this fight include financial, legal, ethical and socio-economic reasons. In this brief video clip, Boeckmann explains that the financial costs of corruption alone increase prices…
In this brief interview with Jens Berthelsen, CEO Global Advice Network, issues of corruption in emerging countries are explored. Berthelsen states that until 2000, bribery was an accepted and tax deductible practice in all OECD countries. He states that corruption is the biggest business killer in emerging countries. The development of gray sector business in…
Global Advice Network, a private Danish consultancy firm, in partnership with seven countries’ Ministries of Foreign Affairs has developed a set of managerial decision tools for SMEs who are currently doing business in emerging markets or are considering entering these markets. The tools include: country profiles, due diligence, integrity system, specific information on anti-corruption…
Johnston purports that national rankings of corruption do not “illuminate corruption problems in detail.” Because corruption often is measured based upon surveys of business people, officials, and even citizenry, the results are opinion-based. There is no accepted international standard measure, such as the GDP, for corruption. He states that there needs to be an objective…