The Moral Compass of Companies : Business Ethics and Corporate Governance as Anti-Corruption Tools
This publication targets private sector stakeholders who want to reduce a company s risk and vulnerability to corruption. It aims to provide guidance and recommendations for integrating ethics programs into corporate governance mechanisms to safegu...
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| Format: | Working Paper |
| Language: | English en_US |
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International Finance Corporation, Washington, DC
2016
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| Online Access: | http://documents.worldbank.org/curated/en/2009/02/10358456/moral-compass-companies-business-ethics-corporate-governance-anti-corruption-tools http://hdl.handle.net/10986/23980 |
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okr-10986-23980 |
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oai_dc |
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Digital Repository |
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Foreign Institution |
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Digital Repositories |
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World Bank Open Knowledge Repository |
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World Bank |
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English en_US |
| topic |
ABUSE ABUSES ACCOUNTABILITY ACCOUNTING ANTI-BRIBERY ANTI-CORRUPTION ANTI-CORRUPTION ACTIONS ANTICORRUPTION ANTICORRUPTION STRATEGY ASSETS AUDITORS AUTHORITY BANKS BEST PRACTICE BEST PRACTICES BIDDING BOARD MEMBER BOARD MEMBERS BOARD RESOLUTION BOARDS OF DIRECTORS BPI BRIBE BRIBE PAYERS BRIBE PAYERS INDEX BRIBERY CONVENTION BRIBERY OF FOREIGN PUBLIC OFFICIALS BRIBES BUSINESS ASSOCIATIONS BUSINESS CLIMATE BUSINESS COMMUNITY BUSINESS ENVIRONMENT BUSINESS ETHICS BUSINESS OPERATIONS BUSINESS ORGANIZATIONS BUSINESS STRATEGY BUSINESS TRANSACTIONS CEOS CHAMBER OF COMMERCE CITIZENS CITIZENSHIP CIVIL SOCIETY CO-OPERATIVES COALITIONS CODES OF CONDUCT COLLAPSES COLLECTIVE COLLECTIVE ACTION COMBATING BRIBERY COMMERCIAL TRANSACTIONS COMPANY CONFIDENCE CONFLICTS OF INTEREST CONSENSUS CONTROLLING CORRUPTION CORPORATE BEHAVIOR CORPORATE CITIZENSHIP CORPORATE CODES CORPORATE COLLAPSES CORPORATE ETHICS CORPORATE GOVERNANCE CORPORATE GOVERNANCE CODES CORPORATE GOVERNANCE LAW CORPORATE GOVERNANCE MECHANISMS CORPORATE GOVERNANCE PRINCIPLES CORPORATE GOVERNANCE STANDARDS CORPORATE LAW CORPORATE OPPORTUNITIES CORPORATE SCANDALS CORPORATE SECTOR CORPORATE SOCIAL RESPONSIBILITY CORPORATE STAKEHOLDERS CORPORATION CORPORATIONS CORRUPT CORRUPT PRACTICES CORRUPTION ACTS CORRUPTION COSTS CORRUPTION PERCEPTION CORRUPTION PERCEPTION INDEX CORRUPTION PERCEPTIONS CORRUPTION PERCEPTIONS INDEX CPI CRIMINAL CRIMINAL SANCTIONS DECISION MAKING DECISION-MAKING DEMOCRACIES DEMOCRACY DEMOCRATIC DEVELOPMENT DEMOCRATIC GOVERNANCE DEMOCRATIC INSTITUTIONS DISCLOSURE DISCRETION DISCRIMINATION DOMESTIC INVESTORS DUE CARE DUE DILIGENCE ECONOMIC GROWTH EDUCATIONAL INSTITUTIONS EMBEZZLEMENT ETHICAL BEHAVIOR ETHICAL CODE ETHICAL STANDARDS ETHICS EXTORTION FEDERAL SENTENCING COMMISSION FIDUCIARY DUTIES FIGHT AGAINST CORRUPTION FIGHTING CORRUPTION FINANCIAL BENEFITS FINANCIAL CRISIS FINANCIAL PERFORMANCE FOREIGN CORRUPT PRACTICES FOREIGN CORRUPT PRACTICES ACT FRAUD FREEDOM OF INFORMATION GLOBAL CORPORATE GOVERNANCE GOOD CORPORATE GOVERNANCE GOOD GOVERNANCE GOVERNANCE DIMENSIONS GOVERNANCE GUIDELINE GOVERNANCE GUIDELINES GOVERNANCE SYSTEMS GOVERNMENT INTERVENTION GOVERNMENT OFFICIALS GOVERNMENT REVENUES HUMAN RIGHTS IMPROVING GOVERNANCE INCOME INDEPENDENT OVERSIGHT INDIVIDUAL COMPANY INDIVIDUALS INFORMAL SECTOR INITIATIVE INSIDER TRADING INSTITUTIONAL CAPACITY INSTITUTIONAL FRAMEWORK INSTITUTIONAL INVESTORS INSTITUTIONALIZED CORRUPTION INTEGRITY INTERNATIONAL BUSINESS INTERNATIONAL BUSINESS TRANSACTIONS INVESTIGATION JUDICIARY JUSTICE KICKBACKS LARGE COMPANY LAWYERS LEADERSHIP LEGAL FRAMEWORK LEGAL REQUIREMENTS LEGAL SYSTEM LEGISLATION LEGITIMACY LIABILITY LIMITED LOBBYING MANAGERS MARKET ECONOMIES MARKET ECONOMY MEDIA MINISTER MONEY LAUNDERING MULTINATIONAL NATIONAL DEVELOPMENT NATIONAL ECONOMY NATIONAL LAW NATIONAL LAWS NATIONS NONGOVERNMENTAL ORGANIZATIONS PARTNERSHIP PER CAPITA INCOME PERSONAL GAIN PERSONS POLITICAL DEVELOPMENT POOR GOVERNANCE PRIME MINISTER PRIVATE ENTERPRISE PRIVATE GAIN PRIVATE SECTOR DEVELOPMENT PRIVATE SECTOR GROWTH PROCUREMENT PROCUREMENT LAWS PROFESSIONAL ETHICS PROPERTY RIGHTS PROSECUTION PROXY PUBLIC OPINION REGULATORY FRAMEWORK REGULATORY REQUIREMENTS REMEDY RULE OF LAW RULES OF CONDUCT SAFE HAVENS SANCTIONS SCANDAL SCANDALS SENTENCING GUIDELINES SHAREHOLDER SHAREHOLDER VALUE SHAREHOLDERS SMALL BUSINESS SMALL BUSINESSES SOCIETIES STAKEHOLDER STAKEHOLDERS STOCK EXCHANGE SUBSIDIARY SYSTEMIC CORRUPTION TELEVISION TRANSITION ECONOMIES TRANSPARENCY VESTED INTERESTS WHISTLE BLOWING WHOLE COMPANY WORLDWIDE GOVERNANCE INDICATORS YOUTH |
| spellingShingle |
ABUSE ABUSES ACCOUNTABILITY ACCOUNTING ANTI-BRIBERY ANTI-CORRUPTION ANTI-CORRUPTION ACTIONS ANTICORRUPTION ANTICORRUPTION STRATEGY ASSETS AUDITORS AUTHORITY BANKS BEST PRACTICE BEST PRACTICES BIDDING BOARD MEMBER BOARD MEMBERS BOARD RESOLUTION BOARDS OF DIRECTORS BPI BRIBE BRIBE PAYERS BRIBE PAYERS INDEX BRIBERY CONVENTION BRIBERY OF FOREIGN PUBLIC OFFICIALS BRIBES BUSINESS ASSOCIATIONS BUSINESS CLIMATE BUSINESS COMMUNITY BUSINESS ENVIRONMENT BUSINESS ETHICS BUSINESS OPERATIONS BUSINESS ORGANIZATIONS BUSINESS STRATEGY BUSINESS TRANSACTIONS CEOS CHAMBER OF COMMERCE CITIZENS CITIZENSHIP CIVIL SOCIETY CO-OPERATIVES COALITIONS CODES OF CONDUCT COLLAPSES COLLECTIVE COLLECTIVE ACTION COMBATING BRIBERY COMMERCIAL TRANSACTIONS COMPANY CONFIDENCE CONFLICTS OF INTEREST CONSENSUS CONTROLLING CORRUPTION CORPORATE BEHAVIOR CORPORATE CITIZENSHIP CORPORATE CODES CORPORATE COLLAPSES CORPORATE ETHICS CORPORATE GOVERNANCE CORPORATE GOVERNANCE CODES CORPORATE GOVERNANCE LAW CORPORATE GOVERNANCE MECHANISMS CORPORATE GOVERNANCE PRINCIPLES CORPORATE GOVERNANCE STANDARDS CORPORATE LAW CORPORATE OPPORTUNITIES CORPORATE SCANDALS CORPORATE SECTOR CORPORATE SOCIAL RESPONSIBILITY CORPORATE STAKEHOLDERS CORPORATION CORPORATIONS CORRUPT CORRUPT PRACTICES CORRUPTION ACTS CORRUPTION COSTS CORRUPTION PERCEPTION CORRUPTION PERCEPTION INDEX CORRUPTION PERCEPTIONS CORRUPTION PERCEPTIONS INDEX CPI CRIMINAL CRIMINAL SANCTIONS DECISION MAKING DECISION-MAKING DEMOCRACIES DEMOCRACY DEMOCRATIC DEVELOPMENT DEMOCRATIC GOVERNANCE DEMOCRATIC INSTITUTIONS DISCLOSURE DISCRETION DISCRIMINATION DOMESTIC INVESTORS DUE CARE DUE DILIGENCE ECONOMIC GROWTH EDUCATIONAL INSTITUTIONS EMBEZZLEMENT ETHICAL BEHAVIOR ETHICAL CODE ETHICAL STANDARDS ETHICS EXTORTION FEDERAL SENTENCING COMMISSION FIDUCIARY DUTIES FIGHT AGAINST CORRUPTION FIGHTING CORRUPTION FINANCIAL BENEFITS FINANCIAL CRISIS FINANCIAL PERFORMANCE FOREIGN CORRUPT PRACTICES FOREIGN CORRUPT PRACTICES ACT FRAUD FREEDOM OF INFORMATION GLOBAL CORPORATE GOVERNANCE GOOD CORPORATE GOVERNANCE GOOD GOVERNANCE GOVERNANCE DIMENSIONS GOVERNANCE GUIDELINE GOVERNANCE GUIDELINES GOVERNANCE SYSTEMS GOVERNMENT INTERVENTION GOVERNMENT OFFICIALS GOVERNMENT REVENUES HUMAN RIGHTS IMPROVING GOVERNANCE INCOME INDEPENDENT OVERSIGHT INDIVIDUAL COMPANY INDIVIDUALS INFORMAL SECTOR INITIATIVE INSIDER TRADING INSTITUTIONAL CAPACITY INSTITUTIONAL FRAMEWORK INSTITUTIONAL INVESTORS INSTITUTIONALIZED CORRUPTION INTEGRITY INTERNATIONAL BUSINESS INTERNATIONAL BUSINESS TRANSACTIONS INVESTIGATION JUDICIARY JUSTICE KICKBACKS LARGE COMPANY LAWYERS LEADERSHIP LEGAL FRAMEWORK LEGAL REQUIREMENTS LEGAL SYSTEM LEGISLATION LEGITIMACY LIABILITY LIMITED LOBBYING MANAGERS MARKET ECONOMIES MARKET ECONOMY MEDIA MINISTER MONEY LAUNDERING MULTINATIONAL NATIONAL DEVELOPMENT NATIONAL ECONOMY NATIONAL LAW NATIONAL LAWS NATIONS NONGOVERNMENTAL ORGANIZATIONS PARTNERSHIP PER CAPITA INCOME PERSONAL GAIN PERSONS POLITICAL DEVELOPMENT POOR GOVERNANCE PRIME MINISTER PRIVATE ENTERPRISE PRIVATE GAIN PRIVATE SECTOR DEVELOPMENT PRIVATE SECTOR GROWTH PROCUREMENT PROCUREMENT LAWS PROFESSIONAL ETHICS PROPERTY RIGHTS PROSECUTION PROXY PUBLIC OPINION REGULATORY FRAMEWORK REGULATORY REQUIREMENTS REMEDY RULE OF LAW RULES OF CONDUCT SAFE HAVENS SANCTIONS SCANDAL SCANDALS SENTENCING GUIDELINES SHAREHOLDER SHAREHOLDER VALUE SHAREHOLDERS SMALL BUSINESS SMALL BUSINESSES SOCIETIES STAKEHOLDER STAKEHOLDERS STOCK EXCHANGE SUBSIDIARY SYSTEMIC CORRUPTION TELEVISION TRANSITION ECONOMIES TRANSPARENCY VESTED INTERESTS WHISTLE BLOWING WHOLE COMPANY WORLDWIDE GOVERNANCE INDICATORS YOUTH Sullivan, John D. The Moral Compass of Companies : Business Ethics and Corporate Governance as Anti-Corruption Tools |
| relation |
Focus;No. 7 |
| description |
This publication targets private sector
stakeholders who want to reduce a company s risk and
vulnerability to corruption. It aims to provide guidance and
recommendations for integrating ethics programs into
corporate governance mechanisms to safeguard against
corruption. Anti-corruption attitudes have changed
significantly over the past two decades. Corruption is no
longer regarded as a subject to be avoided and is now widely
condemned for its damaging effect on countries, industries,
governments, and the livelihoods of individual citizens.
More importantly, the view of the private sector in the
corruption equation is changing. Companies are no longer
viewed only as facilitators of corruption - they are
increasingly recognized as victims and a valuable source of
working solutions, and anti-corruption efforts seen as
integral to good corporate governance, Predictable,
competitive, and fair economic environments free of
corruption are central to sustainable business, economic
growth and national development. It has been an easier task
to raise this awareness than to reduce the corrosive effects
of corruption, especially its worst manifestation of state
capture. And though the challenge defies simple solutions,
significant progress is being made. Today we have in place
numerous international conventions and global collective
action initiatives that set higher standards of transparency
and accountability in corporate and public governance. More
importantly, such standards are buttressed by a growing
convergence of ethical values that set the tone for
'doing the right thing' in both the public and
private sectors. |
| format |
Working Paper |
| author |
Sullivan, John D. |
| author_facet |
Sullivan, John D. |
| author_sort |
Sullivan, John D. |
| title |
The Moral Compass of Companies : Business Ethics and Corporate Governance as Anti-Corruption Tools |
| title_short |
The Moral Compass of Companies : Business Ethics and Corporate Governance as Anti-Corruption Tools |
| title_full |
The Moral Compass of Companies : Business Ethics and Corporate Governance as Anti-Corruption Tools |
| title_fullStr |
The Moral Compass of Companies : Business Ethics and Corporate Governance as Anti-Corruption Tools |
| title_full_unstemmed |
The Moral Compass of Companies : Business Ethics and Corporate Governance as Anti-Corruption Tools |
| title_sort |
moral compass of companies : business ethics and corporate governance as anti-corruption tools |
| publisher |
International Finance Corporation, Washington, DC |
| publishDate |
2016 |
| url |
http://documents.worldbank.org/curated/en/2009/02/10358456/moral-compass-companies-business-ethics-corporate-governance-anti-corruption-tools http://hdl.handle.net/10986/23980 |
| _version_ |
1764455330859712512 |
| spelling |
okr-10986-239802021-04-23T14:04:18Z The Moral Compass of Companies : Business Ethics and Corporate Governance as Anti-Corruption Tools Sullivan, John D. ABUSE ABUSES ACCOUNTABILITY ACCOUNTING ANTI-BRIBERY ANTI-CORRUPTION ANTI-CORRUPTION ACTIONS ANTICORRUPTION ANTICORRUPTION STRATEGY ASSETS AUDITORS AUTHORITY BANKS BEST PRACTICE BEST PRACTICES BIDDING BOARD MEMBER BOARD MEMBERS BOARD RESOLUTION BOARDS OF DIRECTORS BPI BRIBE BRIBE PAYERS BRIBE PAYERS INDEX BRIBERY CONVENTION BRIBERY OF FOREIGN PUBLIC OFFICIALS BRIBES BUSINESS ASSOCIATIONS BUSINESS CLIMATE BUSINESS COMMUNITY BUSINESS ENVIRONMENT BUSINESS ETHICS BUSINESS OPERATIONS BUSINESS ORGANIZATIONS BUSINESS STRATEGY BUSINESS TRANSACTIONS CEOS CHAMBER OF COMMERCE CITIZENS CITIZENSHIP CIVIL SOCIETY CO-OPERATIVES COALITIONS CODES OF CONDUCT COLLAPSES COLLECTIVE COLLECTIVE ACTION COMBATING BRIBERY COMMERCIAL TRANSACTIONS COMPANY CONFIDENCE CONFLICTS OF INTEREST CONSENSUS CONTROLLING CORRUPTION CORPORATE BEHAVIOR CORPORATE CITIZENSHIP CORPORATE CODES CORPORATE COLLAPSES CORPORATE ETHICS CORPORATE GOVERNANCE CORPORATE GOVERNANCE CODES CORPORATE GOVERNANCE LAW CORPORATE GOVERNANCE MECHANISMS CORPORATE GOVERNANCE PRINCIPLES CORPORATE GOVERNANCE STANDARDS CORPORATE LAW CORPORATE OPPORTUNITIES CORPORATE SCANDALS CORPORATE SECTOR CORPORATE SOCIAL RESPONSIBILITY CORPORATE STAKEHOLDERS CORPORATION CORPORATIONS CORRUPT CORRUPT PRACTICES CORRUPTION ACTS CORRUPTION COSTS CORRUPTION PERCEPTION CORRUPTION PERCEPTION INDEX CORRUPTION PERCEPTIONS CORRUPTION PERCEPTIONS INDEX CPI CRIMINAL CRIMINAL SANCTIONS DECISION MAKING DECISION-MAKING DEMOCRACIES DEMOCRACY DEMOCRATIC DEVELOPMENT DEMOCRATIC GOVERNANCE DEMOCRATIC INSTITUTIONS DISCLOSURE DISCRETION DISCRIMINATION DOMESTIC INVESTORS DUE CARE DUE DILIGENCE ECONOMIC GROWTH EDUCATIONAL INSTITUTIONS EMBEZZLEMENT ETHICAL BEHAVIOR ETHICAL CODE ETHICAL STANDARDS ETHICS EXTORTION FEDERAL SENTENCING COMMISSION FIDUCIARY DUTIES FIGHT AGAINST CORRUPTION FIGHTING CORRUPTION FINANCIAL BENEFITS FINANCIAL CRISIS FINANCIAL PERFORMANCE FOREIGN CORRUPT PRACTICES FOREIGN CORRUPT PRACTICES ACT FRAUD FREEDOM OF INFORMATION GLOBAL CORPORATE GOVERNANCE GOOD CORPORATE GOVERNANCE GOOD GOVERNANCE GOVERNANCE DIMENSIONS GOVERNANCE GUIDELINE GOVERNANCE GUIDELINES GOVERNANCE SYSTEMS GOVERNMENT INTERVENTION GOVERNMENT OFFICIALS GOVERNMENT REVENUES HUMAN RIGHTS IMPROVING GOVERNANCE INCOME INDEPENDENT OVERSIGHT INDIVIDUAL COMPANY INDIVIDUALS INFORMAL SECTOR INITIATIVE INSIDER TRADING INSTITUTIONAL CAPACITY INSTITUTIONAL FRAMEWORK INSTITUTIONAL INVESTORS INSTITUTIONALIZED CORRUPTION INTEGRITY INTERNATIONAL BUSINESS INTERNATIONAL BUSINESS TRANSACTIONS INVESTIGATION JUDICIARY JUSTICE KICKBACKS LARGE COMPANY LAWYERS LEADERSHIP LEGAL FRAMEWORK LEGAL REQUIREMENTS LEGAL SYSTEM LEGISLATION LEGITIMACY LIABILITY LIMITED LOBBYING MANAGERS MARKET ECONOMIES MARKET ECONOMY MEDIA MINISTER MONEY LAUNDERING MULTINATIONAL NATIONAL DEVELOPMENT NATIONAL ECONOMY NATIONAL LAW NATIONAL LAWS NATIONS NONGOVERNMENTAL ORGANIZATIONS PARTNERSHIP PER CAPITA INCOME PERSONAL GAIN PERSONS POLITICAL DEVELOPMENT POOR GOVERNANCE PRIME MINISTER PRIVATE ENTERPRISE PRIVATE GAIN PRIVATE SECTOR DEVELOPMENT PRIVATE SECTOR GROWTH PROCUREMENT PROCUREMENT LAWS PROFESSIONAL ETHICS PROPERTY RIGHTS PROSECUTION PROXY PUBLIC OPINION REGULATORY FRAMEWORK REGULATORY REQUIREMENTS REMEDY RULE OF LAW RULES OF CONDUCT SAFE HAVENS SANCTIONS SCANDAL SCANDALS SENTENCING GUIDELINES SHAREHOLDER SHAREHOLDER VALUE SHAREHOLDERS SMALL BUSINESS SMALL BUSINESSES SOCIETIES STAKEHOLDER STAKEHOLDERS STOCK EXCHANGE SUBSIDIARY SYSTEMIC CORRUPTION TELEVISION TRANSITION ECONOMIES TRANSPARENCY VESTED INTERESTS WHISTLE BLOWING WHOLE COMPANY WORLDWIDE GOVERNANCE INDICATORS YOUTH This publication targets private sector stakeholders who want to reduce a company s risk and vulnerability to corruption. It aims to provide guidance and recommendations for integrating ethics programs into corporate governance mechanisms to safeguard against corruption. Anti-corruption attitudes have changed significantly over the past two decades. Corruption is no longer regarded as a subject to be avoided and is now widely condemned for its damaging effect on countries, industries, governments, and the livelihoods of individual citizens. More importantly, the view of the private sector in the corruption equation is changing. Companies are no longer viewed only as facilitators of corruption - they are increasingly recognized as victims and a valuable source of working solutions, and anti-corruption efforts seen as integral to good corporate governance, Predictable, competitive, and fair economic environments free of corruption are central to sustainable business, economic growth and national development. It has been an easier task to raise this awareness than to reduce the corrosive effects of corruption, especially its worst manifestation of state capture. And though the challenge defies simple solutions, significant progress is being made. Today we have in place numerous international conventions and global collective action initiatives that set higher standards of transparency and accountability in corporate and public governance. More importantly, such standards are buttressed by a growing convergence of ethical values that set the tone for 'doing the right thing' in both the public and private sectors. 2016-03-31T16:14:27Z 2016-03-31T16:14:27Z 2009-02-15 Working Paper http://documents.worldbank.org/curated/en/2009/02/10358456/moral-compass-companies-business-ethics-corporate-governance-anti-corruption-tools http://hdl.handle.net/10986/23980 English en_US Focus;No. 7 CC BY-NC-ND 3.0 IGO http://creativecommons.org/licenses/by-nc-nd/3.0/igo/ International Finance Corporation International Finance Corporation, Washington, DC Publications & Research Publications & Research :: Working Paper |