How to Prevent Corruption?
If gone unchecked, corruption will ke
ep rising
in the community, which will result in increased criminal activities and
organized crimes. Different steps can help in managing corruption and bringing
it down. Education is one of the most critical steps. It can help in
reinforcing the correct business practices. This way, people will know how to
identify corruption.
Mandatory education courses like anti-money
laundering must be introduced. The senior employees in the management department
must lead by example and cultivate an open and transparent culture. Moreover,
accountability mechanisms can also help in curbing corruption. It will help in
strengthening the ethical culture that will promote ethical behavior by holding
people responsible for violating the norms. Thus, a robust control environment
can reduce it significantly.
Furthermore, it can be easier to reduce
corruption if reporting it becomes simple. Anyone must have the right to report
it freely without any fear, whether an employee, customer, manager or even a
supplier. Another vital factor must be running a meticulous background check on
the individual or organization before putting them in a position of power.
