Catalyzing Corporate Commitment to Combating Corruption

26 Pages Posted: 5 Jan 2009 Last revised: 1 Apr 2009

See all articles by David Hess

David Hess

The Stephen M. Ross School of Business at the University of Michigan

Date Written: December 3, 2008

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. Policy reforms discussed in this article that have the potential to support these goals, and are in need of further research and discussion, include amnesty programs for corporations that self-disclose corrupt payments, the use of corporate monitors in the enforcement of anti-corruption laws, sustainability reporting indicators related to bribery, the prohibition of all forms of corruption (including private-to-private corruption and facilitation payments), 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

Suggested Citation

Hess, David, Catalyzing Corporate Commitment to Combating Corruption (December 3, 2008). Journal of Business Ethics, Forthcoming, Available at SSRN: https://ssrn.com/abstract=1322835

David Hess (Contact Author)

The Stephen M. Ross School of Business at the University of Michigan ( email )

701 Tappan Street
Ann Arbor, MI MI 48109
United States
734-763-9779 (Phone)

HOME PAGE: http://https://michiganross.umich.edu/faculty-research/faculty/david-hess

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
187
Abstract Views
1,286
rank
191,538
PlumX Metrics