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Corruption, Corporate Social Responsibility and Corporate Governance

44 Pages Posted: 14 Jul 2010  

Indira M. Carr

University of Surrey

Opi Outhwaite

University of Greenwich

Date Written: July 13, 2010

Abstract

Corruption is an issue that affects developing and developed countries alike. Businesses are often seen as fueling the flames of corruption by engaging in corrupt practices in order to gain advantages over competitors in business deals. Since the mid-1990s the international community has been focusing on ways to increase business integrity by adopting conventions for ratification end effective implementation by Contracting States and soft law instruments for voluntary incorporation by businesses within their Corporate Social Responsibility (CSR) policies. The question however is whether these self-regulatory measures have made any noticeable impact on companies’ practices and policies in respect of corruption. This paper addresses this question through a survey of companies’ policies and practices as expressed in their CSR statements and responses to questionnaires of publicly listed companies as published by The Times (London) in the Industrials, Telecoms and Technology sectors.

Keywords: Corruption, International Business, Corporate Social Responsibility, Corporate Governance, UNCAC, OECD Anti-Bribery Convention

JEL Classification: K10, K29, K20, K22, K33, K42, L29

Suggested Citation

Carr, Indira M. and Outhwaite, Opi, Corruption, Corporate Social Responsibility and Corporate Governance (July 13, 2010). Available at SSRN: https://ssrn.com/abstract=1639610 or http://dx.doi.org/10.2139/ssrn.1639610

Indira M. Carr (Contact Author)

University of Surrey ( email )

Guildford
Guildford, Surrey GU2 5XH
United Kingdom
07808 761492 (Phone)

HOME PAGE: http://www.surrey.ac.uk/corruption

Opi Outhwaite

University of Greenwich ( email )

30 Park Row
Greenwich
London, SE10 9LS
United Kingdom

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