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Books - Magazines Published date: September 8, 2015

graphical format lends another layer to your viewing party pleasure. So while Team USA may have been knocked out of the World Cup yesterday with the 2-1 loss to Belgium, this bit of data-drive eye-candy is still worth popping over and checking it out as we roll toward the eventual champion. Follow Maury Brown on Twitter BizballMaury Stamping Out Corruption: 4 Lessons Companies Should Heed. As the recent FIFA scandals show, corruption can all too easily become entrenched in companies. As it is a deeply rooted social and economic problem in many countries, there are also many commonplace but flimsy arguments to the effect that if “everyone does it,” if “I don’t do it my competitors will,” or “this is the only way to do business in this country.” But corruption is a sign of bad management. Paying bribes to a politician, a civil servant or a client company’s purchasing director is an easy strategy to imitate but it’s indiscriminate and therefore FIFA Coins expensive and unsustainable. Executives need to take decisive action to prevent it, and avoid putting their company’s reputation and efficiency on the line. In this article I do not seek to condemn but rather to find solutions, and with this in mind, below I offer some proposals for how companies can start to stamp out corrupt practices. Why does corruption happen? A spoiled barrel rots the apples The most popular explanation for corruption is that it’s the result of unscrupulous individuals; rotten apples that threaten to spoil the whole barrel. So what has to be done is to separate these apples from the rest through judicial means, fines and prison sentences. This diagnosis has some basis in reality because there are some, sometimes a lot, of these rotten apples in our companies. However, it’s more likely that it’s the barrels that are causing the apples to rot; business cultures that exploit every opportunity without considering whom it harms or the consequences of their actions, or incentive systems where remuneration is based on quantitative results without asking how they have been achieved. Very often there is a complicity at the highest levels of management, which at once prohibits bribery but turns a blind eye when the company benefits. Not only that, but the blame can later be laid on the executive or the employee who committed the offense. Some Solutions On the political, social and government level the solutions involve a solid rule of law, an independent and effective judicial system, independent and active media, transparent institutions and clear rules of the game, which are both understood and demanded by a well-educated public with ethical criteria and a sense of justice. But on top of this, business also has to make a serious effort to avoid corruption. Companies can do this through: 1 A clear message from senior management.

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