What Can India Learn from the U.S. Battle on Bribery?
The best in the American way of fighting corporate bribery is that it has created a prominent group of stakeholders in the fight against corruption. In its efforts to combat corruption, the U.S. law enforcement agencies have created a dedicated community of professionals and businesses to reduce corporate bribing and to encourage ethical behavior in the corporate world. The stakeholders group includes consultancies, auditors and lawyers working with multinational corporations, business executives, accountants, outside law firms, analysts and academics. This community of professionals is involved in relentless programs to proactively promote ethical business practices and advises the staff of multinational corporations on promoting transparency.
This is practicable in the Indian context too in fighting corruption. The U.S. law enforcement experiments prove that meaningful support from the civil society and private sector is critically important and Goodman feels that forming a government office with an anti-corruption mission can create official stakeholders in India’s fight against the graft.
While the target of the anti-corruption crusade in India is the bureaucratic corruption, the U.S. Foreign Corrupt Practices Act aims to reduce the international business corruption – both are quite different in nature. However, the ultimate aim of the fight against both forms of corruption is to keep the integrity of the political institutions intact and to bring in freedom, fairness and equality of opportunities for individuals and business. Thus, this American determination of fighting corporate bribery can offer many a good lesson to the largest democracy in the world in confronting its own corruption challenges.