Reducing Corruption in Nepal: Impact on Business Ethics and Sustainability

BUSINESS ETHICS AND SUSTAINABILITY

Executive summary
In the year 2017, Nepal has been ranked 122th out of 180 countries in the corruption list. While
in the year 2016, Nepal was ranked 113th and this denotes that the government has taken
initiatives in order to minimize the increased rate of corruption. In Nepal, bribery, as well as
embezzlements, have been quite common and this affected the overall performance rate of the
companies. It has been observed that this increased rate of bribery and extortion have overall led
to financial loss. This current report has provided relevant recommendations that could be used
by the government in order to minimize the rate of corruption.
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Table of Contents
1. Introduction..................................................................................................................................4
2. Findings.......................................................................................................................................4
3. Analysis.......................................................................................................................................6
4. Recommendation.........................................................................................................................8
5. Conclusion...................................................................................................................................8
Reference List..................................................................................................................................9
Appendices....................................................................................................................................10
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1. Introduction
Pervasive corruption has been one of the major challenges faced by Nepal since the past few
decades. In the recent years, problems of corruption have been a centre point of the political
agenda prevalent in Nepal. This current report will discuss the various forms of corruption that
are prevalent in Nepal. This increased rate of corruption reduces competitiveness as well as
increases the rate of costs and this would also be highlighted in this current report, Finally,
recommendations would be provided that could help the government to reduce corruption in
Nepal and raise the economy of the country.
2. Findings
2.1 Different forms of corruption in Nepal
Corruption is a multifaceted phenomenon that affects the functioning of the country. It has been
observed that an increased rate of corruption overall affects the efficiency of the prevalent
companies. Corruption involves the use of political power in order to achieve a high-profit
margin in their companies. Corruption occurs between the non-governmental organisations and
this impact the level of performance. Furthermore, it has also been observed that increase rate of
corruption affects the efficiency rate of the employees. [Refer to Appendix 1]
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