Carrots, Corruption & Compliance
Updated: Sep 9, 2020
In part one of a two-part interview, Frank Brown, Value Chain and Anti-Corruption Program Team Leader at the Center for International Private Enterprise (CIPE), addresses a CIPE paper “Anti-Corruption Compliance, A Guide for Mid-Sized Companies in Emerging Markets.” In this interview, Frank addresses the ‘carrots’ which can help organizations, even in low integrity regions, embrace anti-corruption compliance as their entry into the global supply chain.
In this fourteen minute interview, Frank traces his work from Moscow Bureau Chief for Newsweek Magazine to an Anti-Corruption leader and his first-hand view of corruption issues in his work, focusing upon:
How we can utilize a ‘carrots over sticks’ approach, to incentivize small to medium size businesses in emerging markets to embrace ethical and compliant business practices.
The need to better assist and support small to medium sized enterprises in emerging markets to understand and embrace anti-corruption laws.
How to elevate the importance of the FCPA and other anti-corruption laws down the supply chain, even in low integrity regions.
How the FCPA and global anti-corruption acts have set a standard of business practice that holds great sway in global markets.
How the ‘status quo’ wins, if large multinationals don’t lend support to potential partners in emerging markets.
How we can get smaller enterprises in frontier markets beyond a ‘box checking’ mentality by making anti-bribery compliance a ‘selling point’ and hence, making them a ‘magnet’ to other multinationals.
The #FCPA holds great sway in high-risk markets and can change the status quo via @CIPEglobal
A download of the referenced paper can be found on the CIPE Website here. Frank Brown can be found on twitter here.