The Basel Institute, one of the founding members of the Board of the World Economic Forum Partnering Against Corruption Initiative (PACI), participated in this year’s Spring meeting of the World Economic Forum Partnering Against Corruption Initiative (WEF PACI). The event focused on sharing views on how to rebuild trust and integrity in business and government. PACI’s work is driven by the active participation of its community including the PACI Vanguard Board. Key takeaways included:

Experts of the Basel Institute developed a specialised training on governance of state owned enterprises, anti-corruption prevention and Collective Action for a group of government officials from Uzbekistan. 

The programme, which was delivered at the Basel Institute's headquarters in May, was tailored to the requirements of the participants and was based on a combination of theory and best practices with case examples and practical exercises. The participation of a range of internal and external speakers ensured lively exchanges and discussion on specific issues.

The Basel Institute has been a longtime partner of the B20 anti-corruption working groups, and during the German Presidency has actively supported the Responsible Business Conduct and Anti-corruption work of the B20 by contributing to the development of the final recommendations. These were officially handed over to German Federal Chancellor Angela Merkel in May. 

The Basel Institute has recently been appointed to facilitate a new sector-specific Collective Action initiative for the banknote industry. Initial collaborative discussions on the process forward for this initiative has been on-going for a couple of months. These discussions have laid the necessary consultative foundations for the initiative to fully take off in 2018.

There's a lot of buzz about Collective Action as a means to tackle corruption. But what is it exactly? What is its value? How is it good for business? Who gets involved in Collective Action initiatives and why?

This week, we will be releasing five short videos about Collective Action. Filmed during the International Centre for Collective Conference in November 2018, they feature leading voices in the field of anti-corruption Collective Action.

The Basel Institute on Governance has been instrumental to the design, development and implementation of industry standards through collective action across the world and in a large variety of sectors. Examples of this experience are the PACI Principles, the Wolfsberg Anti Money Laundering Principles, the Clovis Principles and our ongoing efforts in the Power Systems, Logistics & Transport and Art Trade sectors.

On Monday 26th November 2013, representatives from the World Economic Forum's Partnering Against Corruption Initiative (PACI), the OECD, the Basel Institute on Governance, and Siemens discussed the need for businesses to use Collective Action in the fight against corruption.

This was addressed on the occasion of the Fifth Conference of the State Parties (CoSP) to the United Nations Convention against Corruption, held in Panama City, Panama.