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The Partnering against Corruption Initiative (PACI) was established under the auspices of the World Economic Forum (WEF), the Basel Institute on Governance, and Transparency International at the WEF 2003 annual meeting in Davos. The Basel Institute on Governance is represented on the PACI Board by Prof Mark Pieth.

The PACI seeks to help consolidate private sector efforts to fight bribery and corruption and shape the evolving regulatory framework. By signing up to the PACI Principles, companies agree on a common language around grey areas in the context of corruption, publicly commit to implementing these common principles, and send a positive signal to capital markets, international financing institutions and the public at large on their willingness to contribute to the global fight against corruption and bribery.

The PACI also seeks to offer a neutral platform for companies to exchange experience in countering bribery and corruption and to discuss implementing mechanisms that allow to turn the principles into a tangible instrument. In this context, the group explores and develops verification and compliance mechanisms and studies third party review mechanisms to ensure programme efficacy.

***Watch video interview with PACI board member Professor Mark Pieth speaking, on the occasion of World Anti-Corruption Day on 8 December 2006, about the PACI initiative, its goals and achievements, and its value for companies.***

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