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Business Ethics and Sustainability Business Ethics and Sustainability Introduction

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Added on  2021-06-18

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Business Ethics and sustainability Business Ethics and sustainability Business Ethics and Sustainability Introduction 1 Types of corruption 1 Bribery 1 Electoral Fraud 2 Slush Fund 2 Strategies that should be considered by the government to minimize corruption 3 Conclusion 4 References 5 Introduction In the present scenario, corruption is considered as a social evil found in every society of the world. It is an act in which one person gives something to the other person and in return, that person works and conducts the act according to the given instructions.

Business Ethics and Sustainability Business Ethics and Sustainability Introduction

   Added on 2021-06-18

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Running head: Business Ethics and sustainability Business Ethics and Sustainability
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Business Ethics and sustainabilityTable of ContentsIntroduction......................................................................................................................................1Types of corruption..........................................................................................................................1Bribery.........................................................................................................................................1Electoral Fraud.............................................................................................................................2Slush Fund....................................................................................................................................2Strategies that should be considered by the government to minimize corruption...........................3Conclusion.......................................................................................................................................4References........................................................................................................................................51
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Business Ethics and sustainabilityIntroductionIn the present scenario, corruption is considered as a social evil found in every society of the world. It is a misuse of the power and also considered as illegal behavior considered by the people for personal gain. It has been analyzed that corruption has negatively impacted on the economic position of the country. It is an act in which one person gives something to the other person and in return, that person works and conducts the act according to the given instructions. It is not ethical in the eye of law. Therefore, in this paper, the discussion will be made on the types of corruption in Australia. In the last phase, the focus will be given on the strategies that should be considered by the government. Types of corruption There are various types of corruptions that take place in Australia. Like Bribery, Electoral fraud, and slush fund. Bribery Bribery is considered as an act of giving someone money or valuable in order to do something in return for you. The person gives bribe to the other so that they can conduct the act according to the instructions given by them (Bartlett, 2015). In Australia, bribery is considered as a common form of corruption which is considered by an individual. The risk of corruption takes place in context to the foreign bribery and the mining industry (Brand, 2016). When the focus is given to public sector and private sector it can be seen that both individuals and well as companies are targeted. The person who is engaged in the act of Bribery have to face the penalty of 10 years imprisonment and up to AUD 1.1, MIL is given by the person for the activities conducted by himor her. For business, the penalty is of AUD 17 MIL or the overall turnover of the company (Fehon, 2017). The same offense takes place for commonwealth public officers who take bribes and also the extra benefits form the other person. Bribery is considered as an unethical act and it is a form of corruption that gives effect to the overall economy of the country. There are also many Australian Jurisdictions who are still considering bribery in the public office through the common law (Griffiths, 2015). In the eye of 2
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