B20-UNDP Joint Statement / China's lessons for India / OECD compliance report

COVID-19: B20-UNDP Joint Statement.  “The B20 and UNDP welcome the commitments made in the G20 Leaders’ Extraordinary Summit (i) to foster collaboration between the public and private sectors in both the development and distribution of lifesaving goods (ii) to protect individuals and businesses of all sizes during the economic recovery and (iii) to “realize a free, fair, non-discriminatory, transparent, predictable and stable trade and investment environment.” We urge the G20 Leaders to commit more explicitly to accountability and anti-corruption efforts to ensure the impact and effectiveness of response and recovery efforts to COVID-19.”

UNDP: https://www.undp.org/content/undp/en/home/news-centre/news/2020/b20-undp-joint-statement.html

 

China's crackdown against corruption: Lessons for India (Opinion).  “India and China score identically on the global corruption perception index. However, scholars like Yuen Yuen Ang point out that corruption in the two countries is very different. In India, much of the corruption happens at lower levels where greasing palms and petty bribes are necessary. But in China, the problem is at much higher levels where bureaucrats hold favours, privileges… a lesson that the Indian government would do well to remember—cracking down on dissenters doesn’t remove the dissent, nor does it deal with structural problems.”

Hamsini Hariharan/CNBC TV18: https://www.cnbctv18.com/views/chinas-crackdown-against-corruption-lessons-for-india-7042021.htm

 

OECD report: Fear of enforcement drives fight against corruption.  “Fear of enforcement and the consequential reputational fallout of an enforcement action are the top drivers for developing an anti-corruption compliance program, states a new report by the Organization for Economic Co-operation and Development (OECD).”

Jaclyn Jaeger/Compliance Week: https://www.complianceweek.com/anti-corruption/oecd-report-fear-of-enforcement-drives-fight-against-corruption/29529.article

Direct link to report: https://www.oecd.org/daf/anti-bribery/Corporate-anti-corruption-compliance-drivers-mechanisms-and-ideas-for-change.pdf