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Journal of Business Ethics

, Volume 88, Supplement 4, pp 781–790 | Cite as

Catalyzing Corporate Commitment to Combating Corruption

  • David HessEmail author
Article

Abstract

This article considers what policy reforms may help catalyze corporate commitment to combating corruption. The starting point for this discussion is a voluntary, corporate principles approach to self-regulation. Such an approach should seek to encourage corporations to implement effective compliance and ethics programs and to disclose information related to their anti-corruption activities to relevant stakeholders. Although a corporate principles approach is a private initiative, there is a significant role for the public sector. This article discusses some of the ways that the public sector can support and further the goals of a corporate principles approach to combating corruption. The reforms discussed in this article include amnesty programs for corporations that self-disclose corrupt payments, the use of corporate monitors in the enforcement of anti-corruption laws, expanding the definition of corruption in criminal laws, sustainability reporting indicators related to bribery, and the implementation of multi-stakeholder initiatives to support a corporate principles approach.

Keywords

bribery corporate monitors corruption facilitation payments multi-stakeholder initiatives private-to-private corruption sustainability reporting 

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Copyright information

© Springer Science+Business Media B.V. 2009

Authors and Affiliations

  1. 1.Stephen M. Ross School of BusinessUniversity of MichiganAnn ArborU.S.A.

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