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Professional and corporate ethics

4.4 Corruption and bribery

Corruption is bribery and any other behaviour in relation to persons
entrusted with responsibilities in the public or private sector which
violates their duties and is aimed at obtaining undue advantages of any
kind for themselves or for others.

For example:

 bribery – including excessive hospitality

 facilitation payments

 buying votes

 illicit payments to political parties

 misappropriation of public funds

4.5 Why is corruption wrong?

The ethical argument

 it is a misuse of power and position and has a disproportionate impact on the
poor and disadvantaged

 it undermines the integrity of all involved and damages the fabric of the
organizations to which they belong.

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