This book discusses the causes and mechanisms of corruption in multinational corporations. The author develops innovative and intellectually stimulating anti-corruption mechanisms and provides the reader with a precious toolkit. His work combines empirical research with valuable practical insights. Both board members and senior managers will appreciate the large variety of issues covered.
Inhaltsverzeichnis (Table of Contents)
- Legal Disclaimer
- Introduction
- Definition
- Negative Aspects
- Motivation and Research Objective
- Causes and Areas of Special Attention
- Common Causes
- Rules, regulations and taxes
- Four Categories
- Sociological Aspects
- Final Remarks
- Legal Situation
- Overview
- Case Analysis: Germany
- The Criminal Code
- The Act on Regulatory Offences
- Other Laws
- Further Aspects to Consider
- Corruption Methods and Practices
- Different Methods at Different Levels
- Payment Methods
- Prevention Methods and Mechanisms
- Introductory Comments
- Social Media Marketing Approach
- Questions to Ask
- Defining Clear, Precise and Unambiguous Goals
- Review Process
- Further considerations
- Gifts and Benefits
- Training
- Training Plan for Employees in Less Corrupt Countries or Business Areas
- Training Plan for Employees in Corrupt Countries or Business Areas
- Training Plan for Employees in Highly Corrupt Countries or Business Areas
- Training Plan for Board Members
- Training Plan for Senior Managers
- Interpretation of the Survey Results
- General Comments
- Analysis of the Results
- Causes
- Important Factors
- Incentives for Corruption
- Corruption Under Special Circumstances
- Methods
- Common Methods
- Least Risky Methods
- Prevention
- Effective Guidelines
- Effective Social Media Marketing Strategies
- Effective Prevention Measures
- Causes
- Master Guidelines for the Board of Directors
- Directly Contact Public Decision-Making Entities
- Consulting Contracts
- Employee Training
- Guidelines
- Compliance Departments and Officers
- Internal Control for Compliance Departments and Officers
- External Control for Compliance Departments and Officers
- Whistleblower-Program
- External Ombudsman
- Consistency
- Closing Remarks
- Key Findings
- Benefits of the Study
- Limitations of the Study
- Suggestions for Further Research
- Appendix
Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)
This book aims to provide a comprehensive overview of corruption from a board governance perspective. It explores the definition, negative aspects, causes, and legal situation of corruption, and offers practical prevention methods and mechanisms for companies. The key themes covered include:- Defining and understanding corruption
- Analyzing the causes and consequences of corruption
- Examining the legal landscape surrounding corruption
- Exploring effective prevention methods and strategies
- Developing master guidelines for board governance to combat corruption
Zusammenfassung der Kapitel (Chapter Summaries)
The first chapter introduces the concept of corruption, defining it as the act of persuading individuals in positions of responsibility to make decisions for personal gain. It highlights the detrimental effects of corruption, including the erosion of trust, efficiency, and justice, as well as its potential to hinder economic development and societal progress.
Chapter 2 delves into the causes and areas of special attention related to corruption. It examines common causes such as lack of transparency, weak legal frameworks, and cultural norms that condone corrupt practices. The chapter also explores the impact of rules, regulations, and taxes on corruption levels.
Chapter 3 provides an overview of the legal situation surrounding corruption, focusing on case analysis in Germany. It examines the German criminal code, the Act on Regulatory Offences, and other relevant laws, highlighting the legal framework for addressing corrupt practices.
Chapter 4 explores different methods and practices of corruption, analyzing how they vary across different levels and sectors. The chapter examines common payment methods used in corrupt activities, providing insights into the mechanisms employed.
Chapter 5 focuses on prevention methods and mechanisms to combat corruption. It discusses the importance of social media marketing in promoting transparency and ethical behavior, and outlines a series of questions companies should consider to assess their vulnerability to corruption. The chapter also emphasizes the role of defining clear goals, implementing robust review processes, and developing comprehensive training programs for employees and board members.
Schlüsselwörter (Keywords)
The primary keywords and focus topics of this book include: corruption, board governance, prevention, legal framework, methods, practices, training, social media marketing, transparency, ethical behavior, compliance, whistleblower-program, and master guidelines. These terms represent the core concepts and research areas explored in the text, providing insights into the multifaceted nature of corruption and the importance of effective governance practices in mitigating its negative impacts.Frequently Asked Questions
How is corruption defined from a board perspective?
Corruption is defined as persuading individuals in positions of responsibility to make decisions for personal gain, undermining trust, efficiency, and justice within a corporation.
What are the common causes of corporate corruption?
Causes include lack of transparency, weak legal frameworks, cultural norms condoning corrupt practices, and excessive regulations or taxes that incentivize bribery.
What are "Master Guidelines" for anti-corruption?
These are strategic principles for boards, including direct contact with public decision-makers, robust consulting contracts, employee training, and establishing effective compliance departments.
Why is a whistleblower program important?
Whistleblower programs provide a safe channel for employees to report unethical behavior, allowing the board to identify and address corruption before it causes severe legal or reputational damage.
How can training plans prevent corruption?
Training plans should be tailored to the risk level of the country or business area, educating both senior managers and board members on identifying and resisting corrupt practices.
- Quote paper
- Fabian M. Teichmann (Author), 2014, On the Prevention of Corruption from a Board Governance Perspective, Munich, GRIN Verlag, https://www.grin.com/document/273993
