"Legalized Corruption" and Business Challenges

Business's biggest challenge is restoring public trust - "legalized corruption" and rising income inequality are combining to undermine trust in business and political leadership - many citizens equate such lack of trust with corruption.

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No Impunity: Corruption - Finance & Politics 2016

Corruption will not be reduced without a consistent and forceful attack on impunity. The target in the first instance must be grand corruption – the gross abuse of high-level power for private gain that inflicts serious and widespread harm on individuals or society. We need to recognize “Grand corruption goes hand-in-had with human rights abuse,” as José Ugaz, chairman of Transparency International, has noted. Adds, Kumi Naidoo, the head of Greenpeace declared: “Impunity is the absolute abuse of power.”

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