Corporate Corruption

The concept of corporate corruption can be defined in various ways. For the National Association of Attorneys General (NAAG), corporate corruption is specific to business interactions with government officials, and it occurs whenever a business or one of its employees acts unlawfully or encourages public officials to use their power for the benefit of the company, the individual, or a third party. Broader definitions tie the notion of corporate corruption to violations of business ethics, which is a set of principles businesses can draw on to help them make difficult decisions on issues related to social responsibility, fiduciary duty, corporate governance, insider trading, and influence on public policy, among others. Many aspects of business ethics are governed by law,...