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Partnering Against Corruption Initiative
 "Corruption acts cost more than 5% of the world GDP and corruption is the biggest obstacle to development." The World Bank
The PACI helps to consolidate private sector efforts to fight bribery and corruption and shape the evolving regulatory framework.
On world anti-corruption day on 9 December 2005, the PACI, the International Chamber of Commerce, Transparency International and the UN Global Compact 10th Principle agreed to coordinate their efforts to support business' fight against corruption and bribery. Joint statement on collaboration I Press release
Objectives
agree on a common language around grey areas in the context of corruption provide an opportunity for companies to commit to this language send a positive signal to capital markets, international financing institutions and the public for companies who do commit identify implementation mechanisms.
The Partnering Against Corruption Principles for Countering Bribery ("PACI Principles") which were derived from Transparency International's Business Principles for Countering Bribery, covers the first point. Companies, regardless of sector and region, are invited to sign a support statement to commit to this common language.
PACI Principles for Countering Bribery (PDF, 8 pgs, 27k) I Full document (PDF, 12 pgs, 116k)
The initiative also seeks to:
Offer a neutral platform enabling companies to consolidate their efforts to counter bribery and corruption Extend to a wider group of companies the ongoing efforts to implement measures to fight corruption and briberyCommunicate to a wider public the active commitment of leading companies to the principles of countering bribery and corruptionIdentify and implement mechanisms to turn the principles into a tangible instrumentExplore and develop verification and compliance mechanisms and explore third party review mechanisms to ensure programme efficacyIntegrate anti-corruption experts, NGOs, international organizations and governments in the activities of the PACI in order to develop a wider and more comprehensive effort to fight corruption and bribery
PACI Board
Alan L. Boeckmann, Chairman and CEO, Fluor Corporation, USA Jermyn Brooks, Member of the Board of Directors, Transparency International, GermanyTan Sri Hassan Marican, President and CEO, Petronas, Malaysia (2004 WEF Energy Governors Community Leader)Wayne W. Murdy, Chairman and CEO, Newmont Mining Corporation, USA (2004 WEF Metals & Mining Governors Community Leader)Mark Pieth, Chairman, Working Group on Bribery, OECD, ParisRichard Samans, Managing Director, Global Institute for Partnership and Governance, World Economic Forum
Contact
For more information and signature documents, please contact paci@weforum.org | |
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"The Rajasthan Education Initiative presents a shift from traditional thinking that provides new hope in our efforts towards making the future of our children secure.
The challenge can only be jointly resolved, with the government and private sector working hand in hand with civil society and other organizations."
The Hon Raje Vasundhara, Chief Minister, Government of Rajasthan
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