Over 200 leading anti-corruption professionals from the public and private sectors, civil society and academia came together at the 4th International Collective Action Conference on 30 June and 1 July 2022.
Their goal: to reach across silos and add momentum to the growing global recognition that Collective Action needs to be a central element of corruption prevention.
Companies and business associations play an important role in preventing and reducing corruption in the markets where they operate – something that governments also want to achieve.
So how can governments and the private sector work together better to raise standards of integrity and fair business in specific countries and industries?
To answer this, our Collective Action team has worked with the people on the front lines of governments’ corruption prevent efforts – anti-corruption authorities – to develop practical guidance with real examples.
This practical guide is designed to help governments, and in particular National Anti-Corruption Agencies, engage with the private sector more effectively to prevent corruption.
It explains how governments can engage with the private sector to prevent corruption in three ways:
Collective-action.com is the new website of the B20 Collective Action Hub, a free resource centre on tools and strategies to prevent corruption and raise standards of business integrity through Collective Action.
Since its establishment nearly 10 years ago, the B20 Collective Action Hub has become the go-to platform for information, ideas and connections to others on anti-corruption Collective Action.
Visit the all-new website to:
Multinational companies are no strangers to problems of corruption in their supply chains, which can bring significant legal, financial and reputational risks. Especially when entering new markets, many companies find it difficult to identify credible local partners and to assess their adherence to anti-corruption regulations.
As part of ongoing efforts to support Collective Action initiatives aimed at addressing corruption in particular markets and regions, the Basel Institute launched a Mentoring Programme in January 2022.
Following a comprehensive selection process, we are pleased to announce that six organisations have been selected as mentees in this first cohort:
The Basel Institute's Green Corruption programme has recently launched a five-year partnership with the USAID Indonesia Integrity Initiative (USAID INTEGRITAS) project in Indonesia.
The Wolfsberg Group – an association of 13 global banks that develops frameworks and guidance to manage financial crime risks – became an independent legal entity in October 2021. Its new home is at the Basel Institute on Governance headquarters in Switzerland.
The Natural Resource Governance Institute (NRGI) has launched tailored guidance on measures that companies in the oil, gas and mining sectors can adopt to reduce corruption risks when partnering with state-owned enterprises (SOEs).
Our joint chapter in a new book on Perspectives on Antitrust Compliance answers a common question that arises when compliance officers and company lawyers first hear about anti-corruption Collective Action: are there antitrust risks in engaging with other industry players through Collective Action?
The short answer is no. The longer answer is, as we explain in the chapter, “quite the opposite”.