1. Why is business integrity so important?
An international perspective
Jermyn P Brooks
Chair, Business Advisory Board, Transparency International
Athens, 22 September 2016

2. Business as a source of Corruption
Business remains a major factor in the supply side of corruption
Not just a problem in very corrupt countries. Too many cases:
Oil & Gas Halliburton (USA)
Petrobras (Brazil)
Engineering Siemens (Germany)
VW (Germany)
Telecoms Vimpelcom (Russia)
Teliasonera (Sweden)
Athens, 22 September 2016

3. Business as a solution to the corruption problem
Businesspeople do not like corruption
Corruption creates uncertainty
Corruption prevents medium/long-term planning
Corruption is expensive
Corruption leads to potential loss of reputation, fines, imprisonment
Proof: Investment is lowest in the most corrupt environments
Athens, 22 September 2016

4. Examples of business as a solution provider
Business has a strong incentive to be part of the solution in order to develop successful activities
Some examples:
Vietnam – working with Chambers of Commerce and Industrial parks
Egypt – MNCs supporting anti-corruption efforts of SMEs
Nigeria – Stock Exchange rules supporting business credibility
Athens, 22 September 2016

5. How to make business become more effective
Business can achieve much via collective action, even when confronted by disinterested governments
But fighting corruption is even more effective in a climate of
RULE OF LAW
Separation of the three estates, especially the judiciary
Independent media
Cooperative private sector
Engaged civil society
Athens, 22 September 2016

6. TI and the business world
For more than 15 years, focus on helping business curb corruption
Authoritative standard:  Business Principles for Countering Bribery
Three key demands of business
Tailor-made anti-corruption policy
Detailed implementation in business processes
Effective monitoring program
Two additional demands:
Public disclosure of policies
Third party confirmation/certification
Athens, 22 September 2016

7. How TI and business work together
Corporate Supporters Forums (Austria, Australia, Cambodia, Chile, France, Germany, Hungary, Indonesia, Israel, Italy, Mexico, Netherlands, New Zealand, Norway, Peru, Sweden, Switzerland, Turkey, UK, USA, Vietnam)
Safe space to discuss/exchange problems and solutions
Role of TI to highlight trends, developments, legal changes
      e.g. use of offshore centres or taxation policies
Many tools used to support business
      e.g. TRAC reports and benchmarking
exercises
Athens, 22 September 2016

8.
facebook.com/transparencyinternational
twitter.com/anticorruption
blog.transparency.org
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