Who wants to reduce corruption?

China has punished one million public officials for corruption (including tens of thousands in jail or under house arrest).

India recently demonetized two popular bank notes to curb illicit payments and exchanges.

Saudi Arabia arrested 200 princes and billionaires accused of corruption, saying it cannot afford to allocate 10% of its government spending to corrupt payments.

These countries have taken bold steps  because they understand that it is in their best interest to reduce corruption.

Yet, too many P&L owners bemoan the fact that their compliance office requires gift approvals and third-party vetting. They call it red-tape and claim it will kill the business.

Anyone else here sees a disconnect?

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