Objective:
The main objective of this course is to empower working professionals with:
- Complete knowledge and information related to corruption and corrupt practices in the workplace
- The necessary awareness to predict corruption and put in place necessary steps to prevent the occurrence
- The required skill and confidence to play an important role in implementing systems, processes and other steps to keep a regular check on business operations and employee behavior
- The required skill and capabilities to devise modern means to combat corruption in the workplace
- The awareness to consciously or sub-consciously not indulge in corrupt practices during business operations
- Additional skills, knowledge, confidence and exposure to play critical roles in combating corruption in the workplace, thus demonstrating one’s abilities to undertake higher roles and responsibilities fostering growth and development
Content:
Scales of Corruption
- Petty corruption
- Grand corruption
- Systemic corruption
Sectors of Corruption
- Political corruption
- Police corruption
- Judicial corruption
- Corruption in educational institutions
- Corruption within labour unions
- Corruption in religion
- Corruption in philosophy
- Corporate corruption
Different Types of Corruption in the Workplace
- Manager to manager corruption
- Manager to supplier corruption
- Mid-level manager to junior staff corruption
- Junior staff to junior staff corruption
- Junior staff to subordinate corruption
Methods of Corruption
- Payoffs and bribes
- Grafts and embezzlement
- Blackmail and extortion
- Favouritism/nepotism
- Influence peddling
- Networking
- Abuse of discretion
Forms/Types of Bribery
- Bribery and kickbacks
- Bribery to a public official
- Bribery to a foreign official
- Bribery to a witness
- Banking bribes
- Sporting bribes
Ways to Deal with Bribery
- Assess the situation
- Maintain presence of mind
- Notify supervisor immediately
- Do not promise
- Make necessary documentation
- Monitor third-party agents
Causes of Corruption
- Personal greed
- Lack of ethical sensitivity
- Low awareness
- Lack of ethical cultural environment
- Lack of courage and transparency
- Inefficient controls
- Slow judicial processes
- Ignoring corruption charges
- High market and political monopolisation
- High levels of bureaucracy
- Low levels of democracy
Effect of Corruption on Business
- Inefficiency
- Loss of resources
- Weakened development (lesser investments)
- Increased crimes
- Financial losses
- Damaged business image
Ways to Stop Corruption
- Clear protocols
- Open communication
- Oversight for financial transactions
- Review systems
- Robust ethics/governance
- Stringent action
For Whom:
- Senior management, board members and directors responsible for economic growth and development within the organization
- Investors and shareholders who would be interested in knowing the credibility of a firm before investing in it
- Financial officers responsible for keeping a check on the financial assets of an organization and advising the organization regarding its assets and spending
- Policymakers responsible for framing policies that set standards of work practices as well as disciplinary policies in the event of corruption
- Mid-level managers and human resource professionals responsible for driving a culture of values and ethical practices