Addressing Corruption in Global Business Environment

This paper discusses the issue of corruption in the global business environment and how it affects the economy and democratic structure. It also talks about codes of conduct and professional bodies that can help in resolving the issue. Additionally, it includes a CPD plan for improving skills related to research, analytical reasoning, and composition. Course code, name, and college/university are not mentioned.

Preparing for a
professional career

Table of Contents
INTRODUCTION...........................................................................................................................4
MAIN BODY...................................................................................................................................4
Defining issue or challenge ........................................................................................................4
Codes of conduct that can assist in resolving the practice of corruption....................................5
Support from the relevant Professional Bodies ..........................................................................5
Impacts that code of conducts and assisting bodies have from the view of business
communities................................................................................................................................6
PART-B ..........................................................................................................................................6
CPD PLAN .....................................................................................................................................6
...................................................................................................................................................8
CONCLUSION................................................................................................................................8
REFERENCES................................................................................................................................9

INTRODUCTION
This papers will mention about the moral issues and challenges which the global
business environment facing these days. Under this report we are going to discuss about the
concise form of code of conduct and how that can be implemented for addressing the issue.
Corruption is the activity which has been seen around the globe in different forms which has its
socio-political significance and the implication on the economy. It majorly affects the
parliamentary, changes the economy and unstable the governing body. It affects the very first
structure of the working of the democratic. It can be seen in the court system, make disturbance
in the free and fair procedures of electoral and assist the bureaucratic process whose only
purpose is the extortion or bribes. Further, in the report also discuss about the bodies which have
the solution for the mentioned issue.
MAIN BODY
Defining issue or challenge
Nowadays, there are different kinds of modern issues and challenges that is encounter
world business situation(Sanseverino, 2021). Corruption is one of the top most which has been
recognize in the global business situation. It has been done by those people who possess the
power or authority at their position. Such as the government bureaucratic who hold the
advantageous position and can easily exploit the ordinary people. Corruption can be defined as
the act of taking or demanding bribes, inappropriate gifts, money laundering etc. Generally these
kind of activities can be done by those People who holds the higher rank in the government or in
the businesses. Corruption is the most practise activity because of different kinds of components
like size and structure of the government, highly in efficient political system, civil workers
salaries etc. When this type of activity caught by anybody than it effects the trust and confidence
of the people. This increases the chances of loss if in the organisation has practise this kind of
activity(Harvey, 2020).
When in the organization the corruption activity is practised then it effect the behaviour of the
people and the employees in a negative way and also reduced their productivity. When the
superior of the company exploited the employee then it developed the feeling of insecurity and
dishonesty among them. The management has taken different kind of efforts in order to eliminate
the corruption practice by the implementation of regulations and law(Jancsics, 2019).. The

company developed many policies to eradicate the corruption and frauds by implementing
different kinds of policies which will help the organisation to take strict action against
corruption.
Codes of conduct that can help in resolving the pattern of corruption
Basically, organization has implemented code of behavior which is the set of rules as
well as principles which is imposed on the employee in order to any misbehaved done by them
within the organization(Peltier-Rivest, 2018). The code of conduct helps in controlling the
corruption as well as fraudulent activities within the organisation. The responsibility of the anti-
corruption committee has to determine those act which are not acceptable and also work on their
consequences. The clear communication has to be made by the management of the business
organization that any individual who has offers or demand money, expensive gifts, donation etc.,
for having superiority advantageous. Internal measures plays a vital role in order to assess the
risk management. Company also run anti corruption programmes for analysing the corruption. In
order to eliminate the fraudulent activities the top level management of the organization should
abide the anti bribery or anti corruption structure. It is very important for the workforce of the
company to comply with the code of conduct. There should be fear in the mind of the employee
that if they caught in doing the forbidden activity than they will be liable for paying
penalties,punishment and corruption. In-addition with that the company keep changes the
regulation and the policies framework according to the fraudulent practices(Campbell, and Lord,
, 2018).
Support from the relevant Professional Bodies
At which pace the corruption has been increased in the world business environment is
very concerning and the companies should must focus on this issue and take action for
eradicating that activity. There are different kinds of professional authority which is responsible
for eradicating these activities from which few of them is mentioned below:
 Crown Prosecution Service (CPS): - Those agency whose prime task is to investigate
and conduct the criminal prosecution and help in fighting the international corruption is
referred as the Crown Prosecution service. The legal agency has to provide advices
during their investigation. The agency has the power to take decision in regard of

investigation whether the accused for their offence will be charge under the criminal
charges or not(Huberts, and Lasthuizen, 2019).
 The serious fraud office (SFO): - This the the non diplomatist government authority
whose sole objective is to investigate the fraudulent act and the corruption practises. The
SFO is the main authority who are the assistant of the Bribery act 2010, which has the
sole objective to maintain the corporates governance.
 The International Anti-Corruption Coordination Centre (IACCC): This is the
authority who has different specialist officer from the various agencies which has been
designed to handle the corruption issue effectively. They have the responsibility to
inform, help, gather, coordinate and cooperate with the organization in relation to provide
assistance regarding the deceitful matter.
Accord that code of conducts and helping authorities that have from the prospect of
enterprise ownership
The field code of ethics is ariled by the code of conduct in regarding the exercise of the
corruption which have the responsibility to ensure the employees security against any activity
which is indulge in fraudulent. In order to avoid the offence, the company let them to convey and
follow the various plan of action. On the other side,in case the company fails to follow the code
of conduct than they have to face major legal and financial consequences which will impact
negatively on their image in a long run. The government authority helps in controlling the
corruption which has been charged on the organisation. Through these government bodies a
sense of guidance is provided to the companies. The anti corruption bodies has responsibility to
advice to handle those people who are indulge in prohibited or the dishonesty excercises.
Association has the responsibility to do the investigation in case of bribery or any inappropriate
gift has been taken by them. When the firm found guilty in the investigation than it affect
negatively on the company image(Hock, 2019)(Tomasic, 2018).

PART-B
CPD PLAN
The CPD is stands for Continuing professional development plan is have been made to
provide improved learning which will help in acquiring the information which will help them to
enhance the carrier. For better understanding of the carrier objectives it can be done by different
kinds of opportunities. The importance of CPD plan is to help in evaluating and analysing the
outcomes of learning.
What do I
determine to
master?
What should I have to do to accomplish
it?
What origin or assistance, I
will need?
Research skills
Problem solving skills can be
characterized as the process of acquiring
the information applicable to the subject
and in regard to that doing in-depth study
in relation to the particular topic. There
are various types of element are comprises
under doing a investigation help in
addition knowledge on a particular
subject. In the starting firstly I will
determine the right origin of investigation
and later organized the data which has
been acquired from those sources.
Important and relevant content is chosen
by me on the various literatures.
 Journals and Books
 Articles
Analytic skills This skill is fundamentally the quality to
classified the content into small sections in
order to get the concise and with the
assistance of that conclusion can be
 Magazines and books
 Mathematics
Exercises

formed. This contain of different kinds of
field like analytical reasoning, data
reasoning etc. In order to get better, I
have been focussed on literatures and
blogs in consistent manner and work out
on the logical questions on day-to-day
basis. Furthermore, I will also improve
my self in the quantitative problems for
improving my logical thinking ability.
 Analytical Apps
Composition
skills
Creativity in composition is an fine art of
explicate the views and the thoughts in a
innovative way in which it consider
elaborated presentation of content. Now, I
am more focused on improve my
composition skills through daily reading
and diary writing. Expressed your
thinking through composition is
considered as most innovative way for that
I will attempt to learn the different kind of
Writings from several publishers.
 Literatures and journals
CONCLUSION
In this paper it summarises the points such as the problem which is facing by world
business environment which consider the involvement of different experienced in leading act for
eliminating the corruptions. In this paper, it can be seen that how top level authorities and
individual who has power are fetching partial advantage of their position. Those individuals are
doing the activity which is against the ethics and exercises of business firm environment. It has
been also observed that the misleading approaches of corruption develop notion of doubtfulness
and anxiety within the organization. Furthermore, in this paper also it elaborated various plans

and actions of government authorities which assist them in eradicating the corruption activity
with their efforts on different people. The CPD program has also been discussed under this
paper.

REFERENCES
Books and Journals
Sanseverino, A., 2021. The Impact of Anti-Corruption Laws: Evidence from the UK Bribery
Act’s Extraterritorial Reach. Available at SSRN 3913208.
Harvey, J., 2020. Tracking the international proceeds of corruption and the challenges of
national boundaries and national agencies: the UK example. Public Money &
Management, 40(5), pp.360-368.
Jancsics, D., 2019. Border corruption. Public Integrity, 21(4), pp.406-419.
Peltier-Rivest, D., 2018. A model for preventing corruption. Journal of Financial Crime.
Campbell, L. and Lord, N. eds., 2018. Corruption in commercial enterprise: Law, theory and
practice. Routledge.
Huberts, L. and Lasthuizen, K., 2019. Corruption in context: What goes wrong in governance.
In Corruption in a Global Context (pp. 44-67). Routledge.
Hock, B., 2019. Extraterritoriality and international bribery: a collective action perspective.
Routledge.
Tomasic, R., 2018. Global corporations, bribery and corrupt practices: Anti-bribery laws and the
limits of state action. Law and Financial Markets Review, 12(1), pp.18-30.