Fighting Corruption and Fraud through Collective Action, A guide for business

Authors: 
World Bank Institute
Publication year: 
2008
Publisher: 
World Bank Institute
Abstract: 

This Guide is designed to help companies meet the legal, competitive, economic and ethical challenges posed by corruption as they do business around the world. Information in this Guide is intended for use by business but may also be of interest to governments and other organizations concerned about reducing corruption.

Major advances are occurring in both the law and internal corporate practice to prevent corruption in business. Specifically, international conventions, new national laws, increased enforcement of existing laws, and voluntary initiatives against corruption all contribute to growing global support for anti- corruption measures.

This Guide explains collective action, its benefits, and how to use it. It aims at demonstrating that the private sector can be part of the solution to prevent and fight corruption and provides incentives for companies to become more actively involved. It also shows how collective action can support SMEs in their fight against corruption by providing a broader alliance that can support smaller actors.

The Guide is intended primarily for use by anyone with responsibility for a major project or market, and who operates in an environment where corruption is, or may be present. Others who may benefit from this material include senior executives, company board members, government officials, civil society and others directly or indirectly affected by the adverse effects of corruption on business and society.