Corruption: Death by a Thousand CutsTom McLeod – Former Global Head of Internal Audit, Rio Tinto

CorruptusLatin

Perverted

Spoiled

Contaminated

Seduced

Corruption Defined

Different definitions depending upon jurisdiction

Corrupt conduct, as defined in the Independent Commission Against Corruption Act 1988 (NSW), is deliberate or intentional wrongdoing, not negligence or a mistake.

Transparency International definition - the abuse of entrusted power for private gain.

Bribery: the offering, promising, giving, accepting or soliciting of an advantage as an inducement for an action which is illegal or a breach of trust.

Fraud: any attempt to deceive another party to gain a benefit

Classes of Corruption

Petty corruption Smaller scale and occurs within established social frameworks

and governing norms

Grand corruption Acts committed at a high level of government that distort

policies or the central functioning of the state, enabling leaders to benefit at the expense of the public good

Systemic corruption Systemic corruption (or endemic corruption) is corruption which

is primarily due to the weaknesses of an organization or process.

Casting Stones

Australian Wheat Board

Securency

Leighton

Framework for Analysis

Transparency International

Non governmental organisation that monitors and assesses corporate and political corruption in international development.

Founded in Germany (and headquartered in Berlin) in May 1993.

Publishes an annual Corruption Perception Index – a comparative listing of corruption worldwide.

Corruption Perception Index

Corruption Perception Index

Whistleblowing