In part one of a two-part interview, Frank Brown, Value Chain and Anti-Corruption Program Team Leader at the Center for International Private Enterprise (CIPE), addresses a CIPE paper “Anti-Corruption Compliance, A Guide for Mid-Sized Companies in Emerging Markets.” In this interview, Frank addresses the ‘carrots’ which can help organizations, even in low integrity regions, embrace anti-corruption compliance as their entry into the global supply chain.
In this fourteen minute interview, Frank traces his work from Moscow Bureau Chief for Newsweek Magazine to an Anti-Corruption leader and his first-hand view of corruption issues in his work, focusing upon:
- How we can utilize a ‘carrots over sticks’ approach, to incentivize small to medium size businesses in emerging markets to embrace ethical and compliant business practices.
- The need to better assist and support small to medium sized enterprises in emerging markets to understand and embrace anti-corruption laws.
- How to elevate the importance of the FCPA and other anti-corruption laws down the supply chain, even in low integrity regions.
- How the FCPA and global anti-corruption acts have set a standard of business practice that holds great sway in global markets.
- How the ‘status quo’ wins, if large multinationals don’t lend support to potential partners in emerging markets.
- How we can get smaller enterprises in frontier markets beyond a ‘box checking’ mentality by making anti-bribery compliance a ‘selling point’ and hence, making them a ‘magnet’ to other multinationals.