Private Sector Corruption Prevention

diazma a
Mind Map by diazma a, updated more than 1 year ago
diazma a
Created by diazma a about 4 years ago
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Description

Develop an alternative solution to reduce national corruption level through corporates

Resource summary

Private Sector Corruption Prevention
1 Background
1.1 Facts
1.1.1 Corruption cases history, involving corporation
1.1.2 Private sector contribution to the national econimic
1.1.3 The importance of firm roles in reducing national corruption level
1.2 Purpose
1.2.1 How to involve corporation in reducing corruption ?
2 Problem Identification
2.1 Illegal business practices
2.1.1 Possible reasoning
2.1.1.1 Business nature
2.1.1.1.1 Sandell Theory
2.1.1.2 Extortion
2.1.1.3 Bad System
2.1.1.3.1 Regulation
2.1.1.3.1.1 Existing regulations
2.1.1.3.1.1.1 Comparison with other country
2.1.1.3.1.1.2 Regulation improvement possibility
2.1.1.3.2 Unfair competition
2.1.2 Negative Impacts
2.1.2.1 Cost of Bribe is increasing significantly
2.1.2.2 Low competitive advantage
2.1.2.3 Creating unfavorable business environment
2.1.2.4 Legal risk
3 Alternative Solutions
3.1 Regulations for private sector
3.2 Anti Corruption Shared Value
3.2.1 Concept
3.2.1.1 Supporting Theory
3.2.1.1.1 Porter
3.2.1.1.2 Kotler 3.0

Annotations:

  • Linking with the latest marketing theory
3.2.2 How it works

Annotations:

  • How can anti corruption shared value contributes to the reduction of national corruption level
3.2.2.1 Benefits
3.2.2.1.1 Contributes to the nations
3.2.2.1.1.1 Reduce cost of doing business

Annotations:

  • Reduce red tape + facilitating payments
3.2.2.1.1.1.1 Encourage the government to provide better service
3.2.2.1.1.2 Improve national corruption perception index

Annotations:

  • Involving business as the actor of corruption prevention and also change the perception of business people
3.2.2.1.2 For the company
3.2.2.1.2.1 Increases company competitiveness
3.2.2.1.2.1.1 Increases customer trust
3.2.2.1.2.1.2 Improve company's sustainability
3.2.2.1.2.1.2.1 Gain employee trust
3.2.2.1.2.2 Improve company reputation
3.2.2.1.2.2.1 Increases shareholder value
3.2.2.1.2.2.2 Lower cost of fund (creditor point of view)
3.2.2.1.2.2.3 Attract investor
3.2.2.1.2.3 Reduce legal risk
3.2.2.1.2.3.1 Increase sanction for corporate involved in bribery
3.2.2.1.2.3.1.1 LKPP
3.2.2.1.2.3.1.2 KPPU
3.2.2.1.2.3.1.2.1 Supporting Laws ?
3.2.2.2 What needs to do
3.2.2.2.1 Phase I
3.2.2.2.1.1 Campaign
3.2.2.2.1.1.1 Anti Bribery Campaign
3.2.2.2.1.1.2 Engage with Firms as much as possible
3.2.2.2.2 Phase II
3.2.2.2.2.1 Commitment
3.2.2.2.2.1.1 Published in corporate annual report

Annotations:

  • Including corporate annual report
3.2.2.2.2.1.1.1 Audited by CPAs
3.2.2.2.2.1.1.1.1 Ratings System
3.2.2.2.2.1.1.1.1.1 1. Anti-Bribery as Corp. policy
3.2.2.2.2.1.1.1.1.2 2. Anti-Bribery employ in Company's internal regulation
3.2.2.2.2.1.1.1.1.3 3.Periodic Anti-Bribery and Gratification training for executives
3.2.2.2.2.1.1.1.1.4 4. Proven in a year financial report
3.2.2.2.2.1.2 Maintain

Annotations:

  • Part of audit subject
3.2.2.2.2.1.2.1 Discussion Forum

Annotations:

  • To facilitate any complaint from companies.  Conducted by KPK per semester.One event is on anti corruption day involving related government bodies.
3.2.2.2.3 Phase III
3.2.2.2.3.1 Rewarding (Create Dependency)
3.2.2.2.3.1.1 Create Stock market Index

Annotations:

  • for shared certain value categories including anti corruption shared value idea) combined with SRIKEHATI index
3.2.2.2.3.1.1.1 Existing condition ?
3.2.2.2.3.1.2 Persuade Credit ranking Agency
3.2.2.2.3.1.2.1 Pefindo
3.2.2.2.3.1.3 Persuade Lenders Institution
3.2.3 Implementation
3.2.4 Challanges
3.2.4.1 Ignorance possibility

Annotations:

  • they can't see the benefits and only consider the costs
3.2.4.1.1 Costs
3.2.4.1.1.1 lost from competitor
3.2.4.1.1.2 short term obstacle in running the business

Annotations:

  • Due to red tape (bureaucracy)
3.2.4.1.2 No instant benefit
3.2.4.2 Ceremonial without further commitment
4 Slide sequence
4.1 1. APLN Stock Performance
4.2 2. Adressing Corporate Corruption issue
4.2.1 Risk mitigation calculation
4.3 3. How to mitigate the risk
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