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Anti corruption

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Frame of Image enda Global Corruption Map- Corruption Perceptions Index What is Corruption? Principal – Agent - Third Party Trust Public trust Trust from the principal Betrayal of the Trust Morals Malfunction Aspects of Corruption Power-based or Extortive Corruption - Under developed and developing countries - Kleptocracy Transactional Corruption - Advanced countries or market economy - Buying out public function for private gains Power-related or Extortion type corruption  Corruption as ‘government failure’ or ‘ruling system’s failure’ defames integrity and causes governance intervention by foreign powers  Turks and Caicos cases  Anti-Corruption suit by Transparency International, which is French NGO, on African countries’ presidents (Gabon, Congo, Equatorial Guinea, etc.) in French court. Transactional corruption  This type corruption adversely affects global market and governments by multinational corporations  Unfair competition  Siemens case  Siemens, Germany multinational corporation, concluded the case by settling to pay 1.6 billion dollar as penalty in anticorruption investigation initiated by the U.S. and Germany prosecutors from 2008.  It was revealed that 1.3 billion dollar of corporate money was used on corrupt conduct by Siemens as operating business by means of corruption in the world.  Siemens executives received reduced punishment after promising to prevent corruption by disclosing violations through internal investigation and introducing compliance program


Full Text
Title Anti corruption
Similar Titles
Material Type Proceeding
Author(English)

Park, Eun Young

Publisher

Law, Kim & Chang
Date 2015-12
Event [Workshop] 3rd G20 Global Leadership Program
Pages 49
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Government and Law < Public Administration
Government and Law < Laws and Legislation
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