Kathrin's blog

The global economic crisis revealed large scale fraud in the financial sector and dropped public confidence and trust. This presents a daunting array of challenges to companies and government alike. It is practically impossible for a single stakeholder on their own to effectively address the problems that contributed to this crisis: corruption, greed, lack of transparency and leadership. Hence there is a case for collective action that enables companies to collaborate with competitors and/or stakeholders from the public and civil society sector to create and maintain fair market conditions.

Recognizing this, the World Bank Institute is organizing an Executive Development Program precisely on such joint approaches titled Fighting Corruption through Collective Action in Today’s Competitive Marketplaces.