The capture of corruption complexity and corporate culture
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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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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?


Pogge: Moral Deflection Devices

  • Corruption as a moral deflection device?

  • Primarily State Officials

  • Small State, Less Corruption?

  • Scandinavian countries

  • Withholding aid


Poverty and Corruption

  • Poverty caused by corruption?

  • Pathology of primitive nations

  • but: corrupt regimes demand an explanation.


Gang of Thieves v Coup D’Etat

  • International resource privilege

  • International borrowing privilege

  • Debt burden for incoming democratic regimes


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


ENRON

  • Corruption as acts of individuals

  • Skilling’s belief in innocence

  • Alpha male syndrome +

  • Doing the company’s bidding: share value maximisation


All pervasive companies

  • Reforming corporate culture

  • Internalising externalities via internalising regulation

  • Systems of risk control


Complexity of Corruption

  • Acting against the public interest

  • BVI public?

  • Shareholders?

  • Recipients of the benefits of taxation?

  • Which public interest counts?


Socially Responsible Companies

  • Death of Tax Havens?

  • Death of development aspirations of the BVI


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