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The Capture of Corruption: Complexity and Corporate Culture

The Capture of Corruption: Complexity and Corporate Culture. Dine. Definition of Corruption?. International aid and lending institutions Integrity Warriors One-sided condemnation. British Virgin Islands. Tax haven/money laundering 400,000 OECD black list How else to make a living?.

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The Capture of Corruption: Complexity and Corporate Culture

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  1. The Capture of Corruption: Complexity and Corporate Culture Dine

  2. Definition of Corruption? • International aid and lending institutions • Integrity Warriors • One-sided condemnation

  3. British Virgin Islands • Tax haven/money laundering • 400,000 • OECD black list • How else to make a living?

  4. Pogge: Moral Deflection Devices • Corruption as a moral deflection device? • Primarily State Officials • Small State, Less Corruption? • Scandinavian countries • Withholding aid

  5. Poverty and Corruption • Poverty caused by corruption? • Pathology of primitive nations • but: corrupt regimes demand an explanation.

  6. Gang of Thieves v Coup D’Etat • International resource privilege • International borrowing privilege • Debt burden for incoming democratic regimes

  7. Companies and Corruption • Clash between market values and democratic public interest goals • De-regulation and aggressive capitalism • Moments of business failure or institutionalised corruption, MacLennan

  8. ENRON • Corruption as acts of individuals • Skilling’s belief in innocence • Alpha male syndrome + • Doing the company’s bidding: share value maximisation

  9. All pervasive companies • Reforming corporate culture • Internalising externalities via internalising regulation • Systems of risk control

  10. Complexity of Corruption • Acting against the public interest • BVI public? • Shareholders? • Recipients of the benefits of taxation? • Which public interest counts?

  11. Socially Responsible Companies • Death of Tax Havens? • Death of development aspirations of the BVI

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