An anti-bribery management system demonstrates an organization’s ability to take proactive measures to prevent bribery. Corruption is a misuse of power and trust, and around 53% of the CEOs or high officials are aware of bribery within their organization; more than $1.5 trillion is the estimated annual cost of bribery,…
Transparency International defines Corruption as the abuse of entrusted power for private gain. Corruption destroys trust, weakens democracy and hampers economic development. It heightens inequalities, poverty, social division and environmental issues. There can be petty corruption which affects the fundamental rights and services of the public and grand corruption scandals.…
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