Corruption is behaviour in relation to persons entrusted with responsibilities in the public or private sector which violates their duties and is aimed at obtaining undue advantages of any kind for themselves or for others.
The main forms of corruption, embezzlement, fraud and extortion.
What is corruption?
Corruption is behaviour in relation to persons entrusted with responsibilities in the public or private sector which violates their duties and is aimed at obtaining undue advantages of any kind for themselves or for others.
The main forms of corruption, embezzlement, fraud and extortion.
Why corruption is wrong:
There are many reasons why it is in any company’s business interest to ensure that it does not engage in corrupt practices:
– Legal risks
– Reputational risks
– Financial costs
– Pressure to repeat-offend
– Blackmail
– Impact on staff
– Impact on development
– Bribery, including excessive ‘hospitality’
– Facilitation payments
– Buying votes
– Illicit payments to political parties
– Misappropriation of public funds
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