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 Corruption: Death by a Thousand Cuts Tom McLeod – Former Global Head of Internal Audit, Rio Tinto.

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Presentation on theme: " Corruption: Death by a Thousand Cuts Tom McLeod – Former Global Head of Internal Audit, Rio Tinto."— Presentation transcript:

1  Corruption: Death by a Thousand Cuts Tom McLeod – Former Global Head of Internal Audit, Rio Tinto

2 Corruptus Latin Perverted Spoiled Contaminated Seduced

3 Corruption Defined  Different definitions depending upon jurisdiction  Corrupt conduct, as defined in the Independent Commission Against Corruption Act 1988 (NSW), is deliberate or intentional wrongdoing, not negligence or a mistake.  Transparency International definition - the abuse of entrusted power for private gain.  Bribery: the offering, promising, giving, accepting or soliciting of an advantage as an inducement for an action which is illegal or a breach of trust.  Fraud: any attempt to deceive another party to gain a benefit

4 Classes of Corruption  Petty corruption  Smaller scale and occurs within established social frameworks and governing norms  Grand corruption  Acts committed at a high level of government that distort policies or the central functioning of the state, enabling leaders to benefit at the expense of the public good  Systemic corruption  Systemic corruption (or endemic corruption) is corruption which is primarily due to the weaknesses of an organization or process.

5 Casting Stones

6 Australian Wheat Board

7 Securency

8 Leighton

9 Framework for Analysis

10 Transparency International  Non governmental organisation that monitors and assesses corporate and political corruption in international development.  Founded in Germany (and headquartered in Berlin) in May 1993.  Publishes an annual Corruption Perception Index – a comparative listing of corruption worldwide. 

11 Corruption Perception Index

12

13 Whistleblowing


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