Roadmap for Answer Writing 1. Introduction Define Key Terms: Briefly explain bribery and kickbacks, highlighting their definitions and implications. Contextual Statement: Mention the prevalence of bribery in business, referencing the World Bank’s report that about one-third of firms globally engage in kickbacks. 2. Importance ...
Model Answer Introduction Corruption continues to be a major issue in India, deeply rooted in various sectors like politics, business, and governance. I agree with the view that corruption thrives in Indian society due to its social acceptance and the perception that it is aspirational, although recRead more
Model Answer
Introduction
Corruption continues to be a major issue in India, deeply rooted in various sectors like politics, business, and governance. I agree with the view that corruption thrives in Indian society due to its social acceptance and the perception that it is aspirational, although recent shifts in public attitudes indicate growing resistance.
Social Acceptance and Aspirational View of Corruption
Corruption often creates an image of success, with individuals who accumulate wealth and power through corrupt means being admired. In many cases, achieving success “by any means necessary” is seen as a shortcut to wealth, normalizing unethical practices. This normalization is further reflected in the widespread acceptance of “speed money,” where bribes are seen as a practical way to expedite services or get things done. For example, in sectors like bureaucracy and police, corruption is seen as the only effective way to bypass systemic inefficiencies, creating a cycle that is hard to break.
Shifting Attitudes and Anti-Corruption Movements
However, over time, there has been a growing intolerance towards corruption in India. The India Against Corruption Movement in 2011 became a significant turning point, mobilizing public opinion and pressuring the government for greater accountability. As a result, legislative measures like the Right to Information Act (2005) and the Lokpal Act (2013) were enacted to combat corruption more effectively.
Corruption in Elections and Public Sentiment
Corruption has also become a key issue in Indian elections, influencing the political landscape. Public outrage over high-profile scandals, such as the 2G spectrum case, coal allocation scam, and allegations of “40% commission” governments, has led to electoral shifts, showing that the public is increasingly intolerant of corrupt practices.
Conclusion
In conclusion, while corruption thrives due to its social acceptance and perceived aspirational nature, there has been a marked shift in public sentiment toward greater accountability and the need for institutional reforms. Strengthening anti-corruption laws, promoting ethical leadership, and integrating ethics into education are essential for a long-term solution.
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Model Answer 1. Anticipate Bribery Risk Management should conduct thorough assessments to understand the motivations behind public officials' demands for bribes. By identifying these motivations, companies can propose lawful alternatives that align with their operational mandates, thereby reducing tRead more
Model Answer
1. Anticipate Bribery Risk
Management should conduct thorough assessments to understand the motivations behind public officials’ demands for bribes. By identifying these motivations, companies can propose lawful alternatives that align with their operational mandates, thereby reducing the temptation to engage in corrupt practices.
2. Account for Costs
Corporations must factor in the potential costs of avoiding bribery in their financial projections. This includes recognizing that refusing to pay bribes may lead to delays or loss of contracts. By transparently communicating these costs to investors, companies can foster a culture of ethical decision-making that prioritizes long-term integrity over short-term gains.
3. Identify New Markets
Certain markets, often referred to as “moon markets,” are notorious for corruption. Companies should assess whether these markets align with their ethical standards and consider withdrawing from them if necessary. While this may result in short-term profit losses, it ultimately contributes to building a more resilient and principled organization.
4. Gather Intelligence
Investing in intelligence gathering is crucial for identifying high-risk areas for bribery. For example, Coca-Cola utilizes data from Transparency International to map out bribery risks and strategically focus its anti-corruption efforts.
5. Recalibrate Performance Targets
To discourage employees from accepting kickbacks, companies should revise performance-based targets. For instance, GlaxoSmithKline eliminated sales targets after facing significant fines for bribery, while Novartis shifted its compensation structure to prioritize values and behavior over sales quotas.
6. Reporting Mechanisms
Establishing transparent reporting channels for bribery incidents is essential. Corporations should commit to openly addressing and reporting any instances of bribery, reinforcing their zero-tolerance policy against corruption.
By implementing these strategies, corporations can create a robust framework that not only deters bribery but also fosters a culture of accountability and ethical business practices.
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