(New York, 17 July 2008) - The International Chamber of Commerce, Transparency International, the World Economic Forum Partnering Against Corruption Initiative (PACI) and the UN Global Compact today announced the release of their first joint publication entitled “Clean Business Is Good Business – The Business Case Against Corruption”.
Corruption not only represents one of the biggest obstacles to development and economic growth, but also a major risk to companies. In response, many corporate leaders are today implementing effective programmes to address the issue within their own context and in collaboration with others.
The joint publication of the four major global anti-corruption initiatives working with the private sector to address the issue provides a “first of its kind” summary on why companies must take a stance, and how they can do so. The three-page brochure offers a short summary of arguments and information, including key facts and figures; background on international law; overview of countries and industries most prone to the problem; the business rationale for addressing the issue; and concrete suggestions for what companies can do.
Ms. Olajobi Makinwa
UN Global Compact Office