This publication targets private sectorstakeholders who want to reduce a company s risk andvulnerability to corruption. It aims to provide guidance andrecommendations for integrating ethics programs intocorporate governance mechanisms to safeguard againstcorruption. Anti-corruption attitudes have changedsignificantly over the past two decades. Corruption is nolonger regarded as a subject to be avoided and is now widelycondemned for its damaging effect on countries, industries,governments, and the livelihoods of individual citizens.More importantly, the view of the private sector in thecorruption equation is changing. Companies are no longerviewed only as facilitators of corruption - they areincreasingly recognized as victims and a valuable source ofworking solutions, and anti-corruption efforts seen asintegral to good corporate governance, Predictable,competitive, and fair economic environments free ofcorruption are central to sustainable business, economicgrowth and national development. It has been an easier taskto raise this awareness than to reduce the corrosive effectsof corruption, especially its worst manifestation of statecapture. And though the challenge defies simple solutions,significant progress is being made. Today we have in placenumerous international conventions and global collectiveaction initiatives that set higher standards of transparencyand accountability in corporate and public governance. Moreimportantly, such standards are buttressed by a growingconvergence of ethical values that set the tone for'doing the right thing' in both the public andprivate sectors.
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