The Growing Danger of Corruption

CA-c_e4WsAAZU0aCorruption is completely created by people. If it has to be controlled, it should be a team work. It is seen in all parts of the world. It is not limited to one or few countries. Some political parties boldly say that corruption is abolished in their country. It is a controversial fact. It can be only known by asking their public.

In recent days, it has become so rampant where even for job opportunities, people are asked to pay a certain sum as bribery. If the situation continues for a long time, then it would be difficult to survive. The word corruption starts from education, job and business to even till death. It has become institutionalized. It has become hard to see an organized nation free of corruption.

Most people assume that only government officials are involved in the corruption. But in reality, both the private and government companies are involved hand in hand. It is hard to blame one or two as it seen as a virus throughout the world.

The anti-corruption campaigns may help out to a certain extent. But it should be executed and followed in a strict manner. There are different forms of corruption like brokerage, kickbacks, commission and more. Though it has different names, all comes under a single branch named corruption. When you read a newspaper or online magazine, you can easily find out the number of corruption cases. It is so common now where even the anti-corruption campaigns lose its power. It easily stuns the ordinary citizen. They do not have any other way to live other than spending their earning for corruption.

Read also Corruption and Political Donations

Know about the UK Bribery Act

jan13_handshake600x300The Bribery Act 2010 is the latest and toughest policy framed by the UK government as part of the corruption and anti-bribery law. It is straightforward and clear. It does not have any clause.

The law is summarized into four equal crimes. They are bribing, bribing an official or foreign public, receiving a bribe and failing to avoid bribery.

These are the offences or crimes which the government would charge.

It is unlawful to accept, receive, agree, request, give, promise or offer bribes. The anti-bribery policy helps to protect the business. If you are establishing a new business, it is necessary to frame anti-bribery policy. If you feel that there is a risk or someone who is working for you directly or indirectly would be uncovered to bribery, then it is mandatory to mention in your business agreement.

The anti-bribery should be framed according to the risks and opportunities of your business. You have to consider the level where it can be bribed, or your business may face. It is important to think of various angles to conclude a clear business policy against bribery. The policy should include the following points:

  • Your approach to controlling and reducing the chances of bribery
  • Rules about accepting donations, hospitality or gifts
  • Assistance on how to execute the business. For instance, negotiating the contracts

Rules of stopping or avoiding conflicts of interest

  • Once you have framed the anti-bribery policy, explain your staff about the policy and its meanings.
  • The staff should be aware of the anti-bribery policy. They should understand the policy clearly. Ensure to review and monitor the policy regularly.
  • The bribery and corruption can be controlled by the public if they follow certain rules.

Stop politicians where they take bribes

Prohibit the representatives from receiving and soliciting exorbitant assistances from the special benefits they regulate. Try to prevent them while they raise funds during the working hours. The politicians easily calculate the money they need using the term funds. They would surround and collect the money to win in the reelection. The politicians create laws that are suitable for themselves, their career and favourable to their personal interests. They secure donations through these ways and remains as a major head for corruption.

Do not accept job offers where bribes is collected

It has become common in the present scenario. Top positions in the government and private companies are given to people who offer a good bribe. You may encourage winning your position but it remains as a root for other person to start their bribery. If you stop giving opportunities for such scenario, you can easily win a best position than the one that is open on bribe. Hope these laws are simple and understandable.

Corruption and Political Donations

political_donationsRecently, one case was investigated where a large company has involved in fraudulent activities. To give a clue about the company, it is a popular telephone installation company in the United Kingdom. The management took an action to resolve the issue, and it is said that it has affected their sales in a great way.

If an anti-bribery campaign is necessary, it should be executed beyond the words. Most people come out with a real spirit but drop due to lack of support. It should be above the new laws. Some adjustments in the institutions have to be made to limit the corruption scope.

Limit monopoly. When you promote competition especially in the private and public sectors, you can watch lots of changes. Do not accept monopoly granting regulations as much as possible. It should be strict especially in the quantitative restrictions and exchange controls on imports. Ensure to open the frugality to international competition.

Improve transparency and accountability. There should be involvement of the private sector in various ways. It includes hotlines, citizen oversight boards, inquiry commissions, ombudsmen, etc. The dissemination of information and the systematic generation about external audits, public service effectiveness, private sector’s self-policing, clear standards of comportment, greater competition, and openness in grant giving, bidding, and aid projects.

The corruption is a complex and intricate term. It can be controlled and completely eradicated if the entire nation including the political party and other middlemen has the thought in mind. Most people do not know the effectiveness of corruption in a foreign country. They may visit the country for one or two days and get back to their nation. If you want to know the real face of corruption in one country, you have just to establish a business. You will know various heads involved in the corruption. It is the reason various anti-bribery laws and anti-corruption laws are framed by the government and the company.

When you understand their formula of getting bribery, you can easily avoid the formula and win the corruption maze. Ensure to read various anti-corruption laws and anti-bribery laws formed by the government to help the public.