Evolve and Adapt: Corporate Social Responsibility and the Corruption War

Mohamed ‘Arafa ()
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Mohamed ‘Arafa: Cornell Law School

A chapter in Corporate Governance, Organizational Ethics, and Prevention Strategies Against Financial Crime, 2025, pp 203-231 from Springer

Abstract: Abstract Bribes and kickbacks are common in international trade. Corporations must help shape a better world—or risk being left behind. Corruption remains taboo even though it is extensively known that corporations often resort to such practices when dealing with those in the public sector, be they national or foreign public officials. In the mid-1970s, the US Securities and Exchange Commission (SEC) found that illegitimate payments to foreign public officials and politicians were extensive in the US corporate sector. This discovery led to national legal reform and the enactment of the US Foreign Corrupt Practices Act of 1977 (FCPA). Undoubtedly, the USA played a vital role in lobbying for a global response to what it saw as a universal problem that extremely affected genuine competitiveness in international business. The notion of CSR plays a fundamental role in fighting corruption and bribery as a sort of financial crime and having established the conceptual and ethical groundwork along with an analysis of CSR basic principles. Thus, examining the role of CSR in battling unethical behavior, especially corruption, through anti-corruption policies and other measures for combating it is significant.

Keywords: Corruption; Bribery; Criminal law; Corporate behavior; Ethics; Financial crimes; Policies (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:spr:csrchp:978-3-031-74523-2_10

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DOI: 10.1007/978-3-031-74523-2_10

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