corruption in international business ppt

Corruption can include giving or accepting bribes or … Abstract Corruption has fierce impacts on economic and societal development and is subject to a vast range of institutional, jurisdictional, societal, and economic conditions. The African Union Convention on Preventing and Combating Corruption States Parties must: Submit reports regularly to the AU’s Executive Council detailing progress in compliance. sending your stats of uploaded presentation. The African Union Convention on Preventing and Combating Corruption Emphasis on dealing with proceeds of corruption: State Parties enact laws to empower authorities to seize financial documents Measures to establish conversion, transfer and disposal of proceeds of corruption Advisory Board on Corruption: promote anti-corruption work; develop methodologies; collect information on corruption and behaviour of multinational corporations working on the African continent; advise the governments on implementation of convention; develop codes of conduct for public officials; and build partnerships. those that give the bribe – voluntarily or not) Defines and criminalises the act of bribing foreign officials BUT Does not cover private-to-private bribery No prevention, witness protection, whistleblowers, facilitation payments, OECD Convention on Combating Bribery Signatories must: Establish, as a crime, the bribery of public servants within national legal frameworks Provide means and measures to: ‘prevent, detect, investigate, prosecute and sanction foreign bribery’ Broad interpretation of territorial basis for jurisdiction  Easier to sanction cross-border bribery, OECD Convention on Combating Bribery Implementation and monitoring through OECD Working Group on Bribery in International Business Transactions Two phase reviews: Phase One: Evaluates adequacy of signatory country’s legislation to implement the Convention Phase Two: Assesses whether a country is applying this legislation effectively Participating delegates are subject to evaluation AND expected to act as evaluators BUT Lack of active enforcement by majority of parties so far, 4 key pillars of the United Nations Convention against Corruption (UNCAC), United Nations Convention against Corruption (UNCAC) Prevention: Effective and coordinated anti-corruption policies   Anti-corruption bodies Competitive and fair public procurement   Independent judiciary Fair and transparent private sector, United Nations Convention against Corruption (UNCAC) Criminalization and law enforcement Mandatory offences – bribery, embezzlement, money laundering, obstruction of justice Other criminal offences – passive bribery, influence trading, abuse of function   International cooperation Extradition Mutual legal assistance in investigations, prosecution and legal proceedings, United Nations Convention against Corruption (UNCAC) Asset recovery “The return of assets is a fundamental principle of this Convention…” States Parties must require their financial institutions to be vigilant   Return of assets: Embezzled public funds Return to requesting Party Proceeds of other offences of corruption Return to requesting Party Confiscated property  Returned to the requesting Party or for compensating victims, United Nations Convention against Corruption (UNCAC) Self-assessment system (UNODC) Peer review process: Each State reviewed by two other States. The Great Buddha says, "Share your knowledge.It’s a way to achieve immortality"! You can change your ad preferences anytime. See our Privacy Policy and User Agreement for details. Views : 1178 | Downloads : 0. Responses to … Corruption is wrongdoing on the part of an authority or powerful party through means that are illegitimate, immoral, or incompatible with ethical standards. In 2014 India ranked 85th out of 174 countries in Transparency International's Corruption Perceptions Index. All rights reserved. The. accountability mechanisms Does not address political dynamics which hinder anti-corruption reform Self-assessment does not consider context May not be prescriptive enough relating to oversight institutions BUT Can contribute to public debate Can improve quality of rules – i.e. We don’t have access to users’ Facebook password. International Journal of Economics, Business and Finance Vol. This is about 2% of global GDP—and 10 times the value of overseas development assistance. Description : Available International Conventions Combating Corruption powerpoint presentation for free download which is uploaded by search an active user in belonging ppt presentation Social Issues category. But, we allow presentation instant download option for In some cultures, there may be conflicts with global business practices, such as in the area of gift giving, which has evolved into bribery—a form of corruption. The cost of corruption is often passed to consumers, and it stifles competition and subverts the free market. These professional PowerPoint presentations are uploaded by professionals from across numerous industry Corruption. business corruption that occurs among low to medium sized business with or without active connivance of the equivalent public sector official; and III. SlidesFinder We believe in making your search INFORMATIVE and FUN. A Brightline SM Online Course - Global Compliance Organization’s international business policies. Create your slidesfinder account and upload PowerPoint presentations for free, share on social media Fill all required fields and you will be a registered member of slidesfinder. TYPES OF CORRUPTION Trading in influence; Rent Seeking (Bribery); Nepotism (Found More in Developing Countries); Electoral Fraud; Kickbacks; Unholy Alliances and; Involvement in Organised Crime. > Is it safe to access SlidesFinder using Facebook sign-in credentials? Users need not worry about security when accessing SlidesFinder Tamika Torain Case Study Corruption in International Business (A) Introduction Corruption in the marketplace domestically as well as internationally has been around since the beginning of times. Paying bribes is relatively common in many countries, and bribes often take the form of grease payments , which are small inducements intended to expedite decisions and transactions. So, start sharing knowledge and we are here to make that immortal !! MARK 5940 Week 6 : Assessing Cultural/Corporate Environments 2 Group Members: Irene Chan (2154259) Yuli Yanti Tjia (3071213) Joy Chu-Wui Teh (3047513) Yu-ning Kuo (3048357) Alisa Khosanunte (3081698) Tzyy Jiann Soong (3038271) 3 Outline of Presentation Introduction Different types and classifications of bribes, payments, or favors Illegal bribes, payments, … Slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. causes of corruption are multi-dimensional. Now customize the name of a clipboard to store your clips. presentations on slidesfinder and save your valuable time . high level corruption, which involves huge sums of money in high power centers in finance, public service and administration. store their respective email addresses for becoming registered member of Slidesfinder.com. https://www.slidesfinder.com/signup . Corruption and development Corruption is the single greatest obstacle to economic and social development around the world1. © 2013 SlidesFinder. No public clipboards found for this slide. Some forms of corruption are common and are grudgingly accepted, becoming the price of doing business. Your username will Corruption often from patronage and is associated with bribery. A Hurdle To Challenging Corruption Can PPT Presentation Summary : Effects of Corruption in Procurement. Corruption may be defined as an act of bribery or misuse of public position or power for the fulfilment of selfish motives or to gain personal gratifications. international business transactions. presentation from a pool of PowerPoint presentations stacked under important industry categories like business & management, Yes, you need to login with your account before uploading presentation. Presentation Summary : Latin American countries have issued their own anti-corruption laws . 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