Partnering Against Corruption Initiative
Introduction
Anti-corruption - a strategic imperative for every CEO
Corruption is identified as the top impediment to conducting business in 22 out of 144 economies, as measured in the World Economic Forum's Global Competitiveness Report. The fight against corruption is strategically crucial for business. Citizens across the world have taken to the streets to demand decisive action from their governments. Corruption is widely recognized as a major obstacle to the stability, growth and competitiveness of economies. Business has a unique opportunity to join forces with governments and other stakeholders to find lasting solutions to problems of corruption and to create a level playing field for today’s globalized markets. Taking a leadership role is not only a matter of ensuring organizational compliance. It is a strategic imperative for every CEO.
| "Corruption cannot be addressed solely by Governments and NGOs. We believe international business must play a decisive role, which is why the company is a global leader in battling the bribery and corruption that unfortunately still permeate much of the engineering and construction industry.” David Seaton, Chairman and Chief Executive Officer, Fluor Corporation, USA |
PACI - the leading global business voice on anti-corruption
Founded by a group of CEOs in 2004, the Partnering Against Corruption Initiative (PACI) is a global platform allowing companies and business leaders to maximize their collective impact in the fight against corruption. Historically focused on improving compliance practices, PACI has been devoting growing efforts to foster a high-level dialogue between business and governments on key corruption challenges.
Through PACI’s leading role in the B20 process, PACI members have been able to share their insights with G20 leaders to strengthen the international legal framework and to craft innovative approaches to achieve a corruption-free global economy. PACI is connecting its members with governments from emerging markets, where corruption continues to be a drag on productive investment as reported by numerous business surveys.
Regional and local engagement is critical to making an impact on the ground. Building on PACI’s pioneering work in Vietnam and Mongolia, PACI members will identify and launch new collective-action activities to address the specific corruption challenges of a country or a region, such as Latin America and the Middle East.
To serve companies in- and outside the PACI community, compliance practitioners from PACI companies are pooling their experience to develop tools and services which will shape the evolving corporate practice for preventing and managing corruption risks.
PACI – bringing together cross-industry communities
To join PACI, CEOs from Forum Member companies sign the PACI Signatory Application, thereby committing to a zerotolerance policy towards bribery and corruption and agreeing to establish an internal anti-corruption programme. Today, more than 80 PACI signatories have joined the initiative, including industry leaders from multiple sectors and global locations.
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| "It is vital to raise awareness that the fight against corruption is an issue that the global community must be discussing– and the PACI Principles serve as the basis for engaging companies locally to improve their own efforts towards anti-corruption and transparency.” Tsakhiagiin Elbegdorj, President of Mongolia |
PACI is active around the world
The PACI Task Force meets twice a year. Smaller working groups connect throughout the year to advance key initiatives and projects.
As an institutional priority anti-corruption is on the agenda of the World Economic Forum’s regional meetings, the Annual Meeting of New Champions in China and the Annual Meeting in Davos.
In the first half of 2013, the PACI will hold sessions at the World Economic Forum Annual Meeting in Davos-Klosters, Switzerland, 23-27 January, and at the World Economic Forum on Latin America in Lima, Peru, 25-27 April.
“Growth is inextricably linked to the well-being of our ecosystem – clients, employees, investors, business partners, local communities and the environment. Corporations need to earn the right to operate, and to earn this right, they need to operate in an ethical, legal and socially responsible manner. The onus of driving this business responsibility lies with the business leaders who need to lead from the front, by example”. S.D. Shibulal, Chief Executive Officer and Managing Director, Infosys, India | PACI is making a tangible impact in the fight against corruption Dialogue at the highest level:
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Impact on the ground:
Three reform areas identified by PACI to address the challenge of facilitation payments at customs were integrated in the Vietnam Customs and Reform Modernization Plan 2020.
Through the new local PACI chapter in Mongolia, government and business leaders from the country formed an unprecedented partnership to jointly address local corruption challenges and support private-sector integrity efforts.
Tools and services for business:
The PACI Principles, which were first issued in 2004, have a set a globally recognized benchmark to track and encourage compliance efforts by companies. PACI’s Good Practice Guidelines on conducting 3rd Party Due Diligence, to be launched in January 2013, will assist companies in mitigating the risk of being involved in corruption through their third parties (e.g. agents, suppliers, joint-ventures).
New virtual spaces, TopLink and the PACI Radar, will facilitate information-sharing among PACI members and encourage greater interaction with other Forum communities with an interest in the fight against corruption.
Please contact Elaine Dezenski, Senior Director and Head of PACI, at paci@weforum.org.
Anti-Corruption Workshop on India Summary
Is India at a tipping point in the fight against corruption? Public interest in changing the status quo around corruption has never been higher. The legal and regulatory framework for addressing the problem of corruption in India is well developed. However, lack of enforcement is often cited as a major impediment to promoting real change, especially in the business environment. Moreover, lack of coordination and conflicting mandates between the different actors – business, government, civil society – reduce the effectiveness of anti-corruption and...
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June 17, 2013
19th PACI Task Force Meeting Summary
Representatives of the signatory companies to the PACI Principles;on Countering Bribery make up the PACI Task Force, which convened in New Delhi on 10-11 April 2013 to review the Task Force’s activities, share best practices and steer future initiatives of the group. Over two days, PACI Task Force members discussed a range of issues related to the theme of the meeting: risk assessment. The first day featured a peer-to-peer exchange focusing on desired meeting outcomes, an update of PACI programmatic and other initiatives, and a joint session with the...
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June 17, 2013
Summary – Anti-Corruption Workshop on India
Is India at a tipping point in the fight against corruption? Public interest in changing the status quo around corruption has never been higher. The legal and regulatory framework for addressing the problem of corruption in India is well developed. However, lack of enforcement is often cited as a major impediment to promoting real change, especially in the business environment. Moreover, lack of coordination and conflicting mandates between the different actors – business, government, civil society – reduce the effectiveness of anti-corruption and transparency measures. Additional key anti-...
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June 14, 2013
Summary - 19th PACI Task Force Meeting
Representatives of the signatory companies to the PACI Principles on Countering Bribery make up the PACI Task Force, which convened in New Delhi on 10-11 April 2013 to review the Task Force’s activities, share best practices and steer future initiatives of the group.
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June 14, 2013
Good Practice Guidelines on Conducting Third-Party Due Diligence
Companies conducting business beyond their domestic markets face growing legal and reputational risks. The Good Practice Guidelines on Conducting Third Party Due Diligence are meant as a practitioner’s guide to managing these risks and are intended for all types of businesses.
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April 11, 2013
Partnering Against Corruption Initiative Annual Report 2012
The work of the Partnering Against Corruption Initiative (PACI) is guided by two objectives: to help set the global anti-corruption agenda at a strategic policy level, and to drive change in key markets through targeted initiatives and partnerships.In 2012, PACI’s engagement with G20 governments – through the B20 – reached new heights with the presentation to the G20 leaders meeting in Los Cabos of a set of business recommendations. The B20 proposals, which were reflected in the Leaders’ Declaration, were the result of a year-long process of dialogue...
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January 15, 2013
18th Partnership on Anti-Corruption Initiative (PACI) Task Force Meeting - Highlights
Members of the World Economic Forum's Partnering Against Corruption Initiative (PACI) Task Force met on 29-30 October 2012 in Geneva, Switzerland, to take stock of key Task Force initiatives and to guide the future direction of PACI. The meeting coincided with a time of heightened public, media and business interest surrounding corruption-related issues.The meeting took place over two days. The first day focused on PACI's strategic positioning and activities. The second day was dedicated to peer-to-peer networking and the evolving compliance agenda, featuring special insights into the areas...
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December 6, 2012
18th PACI Task Force Meeting - Executive Summary
Members of the World Economic Forum’s Partnering Against Corruption Initiative (PACI) Task Force met on 29-30 October 2012 in Geneva, Switzerland, to take stock of key Task Force initiatives and to guide the future direction of PACI. The meeting coincided with a time of heightened public, media and business interest surrounding corruption-related issues. The meeting took place over two days. The first day focused on PACI’s strategic positioning and activities. The second day was dedicated to peer-to-peer networking and the evolving compliance agenda,...
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December 4, 2012
Transparency for Inclusive Governance: An assessment of India
The euphoria of India as a regional power has been dented by talk of systemic corruption, poor public services, nagging problems of unemployment, illiteracy and poverty and demographic challenges. Establishing a strong sense of credibility in government and the development of adequate capacity for enforcement must also be addressed to ensure the success of India’s efforts.New initiatives in collective action and local networks of organizations can build trust and a stronger culture of accountability between business and government. This report highlights the tangible progress that has been...
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November 3, 2012
17th PACI Task Force Meeting Executive Summary
17th PACI Task Force Meeting Executive Summary
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June 11, 2012
Partnering Against Corruption Initiative - Annual Report 2011
A comprehensive review resulted in the revised PACI Strategy for 2011-2012. The revised strategy builds on the fundamental value proposition of providing a platform for business leaders to share, learn and develop leading-edge thinking and best practices in the fight against corruption, and adds new components that stress collective action and high-level policy impact.PACI’s overall objective is to facilitate the alignment and acceptance of international anti-corruption norms at the corporate and country level. The strategy is defined by three pillars:Shaping the evolving corporate best...
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January 20, 2012
Mining & Metals Transparency and Ethics Dialogue
Mining & Metals Transparency and Ethics DialogueCape Town, South Africa 9 June 2009Summary
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August 17, 2011
Partnering Against Corruption Initiative Summary Report - Session on Anti-Corruption in Mongolia
The World Economic Forum Partnering Against Corruption Initiative (PACI) and the Office of the President of Mongolia held
a joint roundtable in Ulan Bator on 3 March 2011 as part of the Mongolia Economic Forum.The roundtable, which was opened by President Elbegdorj Tsakhia of Mongolia, brought top executives from Mongolian
industry and non-governmental organizations and was co-chaired by the PACI and the Office of the President.In general, the participants focused on the following questions: How does PACI seek to consolidate private sector efforts against corruption globally?What are the main...
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May 10, 2011
