|
 Why does it make sense for companies to reduce bribery and corruption in order to compete fairly? What is Collective Action against corruption all about? Why should companies collaborate with their competitors and other stakeholders? These are just some of the many questions facing the private sector while considering Collective Action.
This section captures the thinking behind the concept of Collective Action and makes the business case for it. Simply put, it is difficult, if not impossible, to expect an individual company to change a corrupt environment. Often, one of the key challenges in reducing corruption is getting everyone on board – governments, companies, and civil society. Otherwise, although companies may be effective in cleaning up their internal mechanisms through corporate governance, they will still face a number of corrupt pressures outside of company walls. This is where Collective Action should be considered.
Collective Action is a collaborative and sustained process of cooperation among various stakeholders. It increases the impact and credibility of individual action, brings vulnerable individual players into an alliance of like-minded organizations, and levels the playing field between competitors.
This section looks at the complex nature of corruption and the private sector – showing that both are not a monolith. Corruption has many different faces and many different levels. Similarly, the private sector consists of a wide variety of firms with different interests and levels of influence. But somehow, all the different companies must be able to come together to say “no” to corruption in business transactions and to engage other companies, governments, and civil society in creating a transparent business climate. This section not only defines Collective Action, it also shows why it is in the best individual interest of companies to engage in it.
 Business Case Presentation |
|
|
|
|
Download presentation 
Download presentation with notes 
The Business Case Against Currption
Read Magazine