Fighting Corruption

Private Sector Approaches to Fighting Corruption

Ruslan Stefanov
Presentation by
Mr. Ruslan Stefanov is the Coordinator of Economic Program at the Center for the Study of Democracy (CSD) in Sofia, Bulgaria. He joined CSD in 2002 and has since worked on various projects in two major …

Corruption in the private sector and corruption in the public sector reinforce each other. Therefore, even though traditionally governments are tasked with fighting corruption, it is equally important that the private sector also takes the initiative. Several international conventions have been put in place to combat corruption in the private sector, such as the OECD Anti-Bribery Convention. Many other approaches can be adopted by businesses as well: good corporate governance and corporate citizenship frameworks, codes of conduct, rules of disclosure, or guidelines preventing conflicts of interest. At the same time, governments should ensure open and corruption-free business environment where the rules of the game are the same for all and business interests are legitimately represented.

 

Video also available in Arabic
Transcript available in English and Russian