A global problem requires a global solution. While national governments need to constantly improve and enforce existing anti-corruption legislation and international anti-bribery and anti-corruption conventions designed to hold companies accountable for their actions, international organisations need to insist on the seamless and consistent implementation of consistent global anti-corruption standards, e.g. through the inclusion of anti-bribery and anti-corruption safeguards in international trade agreements, economic stimulus and loan packages among others.
Companies must adhere to these laws and take internal steps to prevent corruption. As a minimum first step, a zero-tolerance policy towards bribery and corruption is needed and should be enforced. Furthermore, companies need to embed an anti-corruption and purpose-driven business culture within their organisations. As role models, multinational corporations need to aspire to change the business environment in a positive manner. To demonstrate progress, these companies should report their actions and respective key performance indicators to show all of their stakeholders, including their employees, investors, communities and consumers that they are committed to integrity in an open and transparent manner. With a properly regulated and honest operating environment that increases transparency, we can work towards a business sector free of corruption.
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