6.iv.5: Enhancing Anti-Bribery Standards in the Private Sector

To encourage and support responsible business behavior through the adoption and implementation of anti-corruption policies and programs.

Other Information:

Corruption in the private sector undermines economic growth and development. TI will seek to stem the supply of bribes in the global market place, creating a climate for investment, trade and growth that can lift countries out of poverty. Not only does the business community have a significant role to play in putting an end to corrupt practices, but the benefits of reducing corruption risk are in the interest of business itself, by creating a more secure and stable market. We will engage with business to raise awareness and create incentives for responsible company behavior and provide tools to assist companies in the detailed implementation and monitoring of systems to prevent bribery and corruption. Special attention will be given to vulnerable business sectors, such as the extractive industries, the defence and the construction sector, to promote anti-corruption systems that are sustainable, and to financial markets, where combating money-laundering is crucial to stem the international flow of corrupt funds.

Stakeholder(s):

• Private Sector

Indicator(s):

Indicator:1

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