What is Corruption?
Many organizations, both government and corporate, understand the need to satisfy the public and shareholders that they have policy to prevent financial corruption. Is that enough?
Transparency International, through a multi-stakeholder initiative, identified the majority of the following additional forms of corruption:
Unique Corruption Risks to State Owned Enterprise
As economically and strategically important entities, state owned enterprises can become targets for corruption. While state owned enterprises largely share the same corruption risks as other companies, they face additional and sometimes greater risks due to the potential interference from politicians and public officials as well as high risks of bribery in their own procurement processes and in cases of state owned enterprise being privatized. The risks of corruption increase when state owned enterprises are poorly governed, are subject to conflicts of interest among board members and managers, or when board members and employees are not selected on merit.
Fit4DutyTM Anti-Corruption Programme
All of Fit4DutyTM's services are provided with the following goals in mind:
If you are interested in showing your commitment to ending corruption, do as Fit4DutyTM President Kelly did and sign the Transparency International's Declaration Against Corruption. For a list of Fit4DutyTM services that can help you build your Anti-Corruption Programme, check out our Services page.
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