Although both the problem of corruption and its detrimental effects on society, economy, and environment has widely been recognized, corruption remains one of the most challenging problems of today. In light of globalization, the exclusive focus on compliance-oriented measures such as sharpening laws seems to be more and more ineffective.
An important factor for success in anti-corruption Collective Action is that it should be a business-driven endeavour. That being said, the role of civil society must be recognised for its important contributions towards successful multi-stakeholder approaches against corruption.
This article from the Spring 2016 edition of Ethical Boardroom magazine looks at how building a strong coalition with civil society puts business on the front foot.
This analysis of 'globalised' standard-setting processes draws together insights from law, political sciences, sociology and social anthropology to assess the authority and accountability of non-state actors and the legitimacy and effectiveness of the processes. The essays offer new understandings of current governance problems, including environmental and financial standards, rules for military contractors and complex public-private partnerships, such as those intended to protect critical information infrastructure.
Intensified economic globalisation has had positive and negative effects. It has left nation states struggling to deal with the negative fall-out. National regulation against abuses has, however, proven increasingly ineffective, especially since companies have the freedom to move their hazardous activities to under-regulated areas.