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?

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s