Anti-corruption in private enterprises in East Asia

Author: Avi/Berleantem/Li Changshan/Chen Yiyan/Zang Huijuan
Publisher:
Publish Date: 2004-09-01
Features:
Recent corporate scandals have drawn greater attention to the importance of public sector initiatives and corporate sound internal policies in the fight against fraud and corruption. Decision-makers, international organizations, and specialized groups agree that these anti-corruption measures are a key component of supply-side anti-corruption packages. Anti-fraud and anti-corruption programs based on companies rely on adopting ethical standards and enforcing compliance systems. This approach was first developed in the United States in the 1970s, including corporate codes of conduct, training programs, and decision-making and reporting mechanisms. This book examines the implementation of such programs in East Asia and the Pacific region and other areas. It illustrates the incentives of legal binding or risk management measures, as well as how these measures have encouraged an increasing number of companies to adopt compliance frameworks. Based on research conducted by the World Bank and the World Business Council for Sustainable Development, the book narrates the efforts made by Western and Asian companies in East Asia to establish sound business behavior standards in their operations. Case studies are drawn from a wide range of corporate backgrounds, providing concrete examples of best practices in program development, implementation, and effectiveness. The book also offers examples of disseminating these practices, emphasizing the importance of building business partnerships between public sectors and civil society organizations. This book serves as a vital guide for companies, policymakers, academic institutions, and non-governmental organizations, and will be of interest to all who seek to improve business behavior standards in developing countries.