2 Responses

  1. JAMAL H MUNSHI
    JAMAL H MUNSHI August 11, 2016 at 10:18 am

    This is an article that needed to be written. Thank you, Grant. I will share this on social media.

  2. Adriaan den Dulk
    Adriaan den Dulk August 11, 2016 at 9:34 am

    Dear Grant,

    what a refreshing (and long overdue) piece. It is quite clear that the whole anti-corruption “industry” is fixated on a Developed World understanding of corruption as only consisting of bribery, as Brown and Cloke state – “The common “Western” conception of corruption, including that used by the Bank, depends on the existence of a public domain which is recognisably separate from a private sphere, with different codes of acceptable conduct in each. While in the private sector, firms and individuals are expected to seek personal profit and enrichment, organisations and individuals in the public sector are expected selflessly to fulfil a duty to a greater public good. A corrupt action is one which contravenes this model. Akhil Gupta argues from an anthropological perspective that this distinction between public and private is far from universal and is predicated on a particular European cultural and historical experience.”

    As William Lazonick wrote in the HBR most of the top 500 companies in the USA used dividends and share buy-backs to prop up shares mainly because CEO remuneration is based on share prices. This, in my view, is corrupt behavior which is not reflected in the literature and conference papers.

    Most Australian corporations have rules about gifts and entertainment, which would appear are not enforced, for if they were corporate boxes at the football, cricket, horse racing and other similar events would be quite empty.

    Instead of focusing on people in developing countries accepting bribes, I would suggest that organisations should look inwardly and attend to those behaviors that corrupt within.

    Well done casting a critical eye on this subject

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