Corporate governance as antidote to corruption

Corruption has become a euphemism for plain thievery of public resources through the facilities of witty deception and pure moral depravity. Fraudulent practices by business people, politicians and the well-placed in society wreak greater havoc on society than little crimes committed by street offenders. Anti-corruption should be seen as a vital objective as corruption has stet negative impact on a society’s development. The paper looks at corporate governance as having profound impact on the level of effectiveness of global anti-corruption measures.

There is strong linkage between corporate governance and corruption, where countries and organisations practicing good corporate governance experience low corrupt practices and transparent problems and vice versa. The vital role of corporate governance in an economy is not fully understood as reflective of the quality of a country’s institutions of governance as a whole.

What is corporate governance?