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The Influence of Public Awareness and Transparency
on Corporate Governance and Risk Management
- Practical Experiences -
Konrad P. Meyer
Vicepresident TI Switzerland
Transparency International (1)
• Transparency International is the global civil society organization
leading the fight against corruption. It brings people together in a
powerful worldwide coalition to end the devastating impact of
corruption on men, women and children around the world. TI's
mission is to create change towards a world free of corruption.
• We define corruption as the abuse of entrusted power for
private gain which eventually hurts everyone who depends
on the integrity of people in a position of authority.
Transparency International (2)
• Transparency International does not undertake investigations on
single cases of corruption or expose individual cases. We
develop tools for fighting corruption and work with other civil
society organizations, companies and governments to implement
them.
• Since 1995, Transparency International has issued an
• Corruption Perception Index (CPI)
• We also publish a Global Corruption Report, a Global Corruption
Barometer, a Bribe Payers Index and specific Country Reports
Statement
Fighting corruption is the first step to reducing inequality,
safeguarding human rights, ending poverty and stopping
those who act with impunity. It’s not an easy task, but it is
not something world leaders can afford to ignore.
“We hope that world leaders will listen closely to the
recommendations of civil society when deciding a way
forward. Civil society represents the voice of the people,
people who suffer the pain and indignity of corruption on a
daily basis.”
Jose Ugaz, Chair of Transparency International
Practical Experience within OECD
Did Siemens Also Pay
Bribes in Greece?
Siemens Cooperating
in Nigeria
Corporate Governance - Practical Experiences (1)
Corporate Governance - Practical Experiences (2)
Collective Action (1)
 Fight corruption in concert with
competitors and other players
 Create high compliance
standards via a concept of
prevention
 Integrate an independent
institution for promotion and
monitoring
 Define sanctions in case of
violations
Competitors
Collective
Action
NGOs1)
Customers
Government
Society
Collective Action (2)
Collective Action (3)
Collective Action (4)
Collective Action (5)
Collective Action (6)
Collective Action (7)
Collective Action (8)
Four very important questions!
1. Is it the right thing to do?
2. Is it consistent with our core values
and mine?
3. Is it legal? Is it ethically and morally
correct?
4. Is it something I am willing to be held
accountable for?
Page 9 For internal use only / © Siemens AG 2010
CL CO AT.
… however, ultimately, controls are not enough.
We need to continue fostering an integrity culture
Is it the right thing for Siemens?
Is it consistent with Siemens core values and
mine?
Is it legal? Is it ethical?
Is it something I am willing to be held accountable
for?
If the answer is YES to all of those questions,
DON'T WORRY, BE CONFIDENT!
Questions to guide Siemens employees towards compliant and responsible behavior
1
2
3
4
Thank you for your attention!

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The Influence of Public Awareness and Transparency on Corporate Governance and Risk Management, Konrad MEYER

  • 1. The Influence of Public Awareness and Transparency on Corporate Governance and Risk Management - Practical Experiences - Konrad P. Meyer Vicepresident TI Switzerland
  • 2. Transparency International (1) • Transparency International is the global civil society organization leading the fight against corruption. It brings people together in a powerful worldwide coalition to end the devastating impact of corruption on men, women and children around the world. TI's mission is to create change towards a world free of corruption. • We define corruption as the abuse of entrusted power for private gain which eventually hurts everyone who depends on the integrity of people in a position of authority.
  • 3. Transparency International (2) • Transparency International does not undertake investigations on single cases of corruption or expose individual cases. We develop tools for fighting corruption and work with other civil society organizations, companies and governments to implement them. • Since 1995, Transparency International has issued an • Corruption Perception Index (CPI) • We also publish a Global Corruption Report, a Global Corruption Barometer, a Bribe Payers Index and specific Country Reports
  • 4.
  • 5.
  • 6.
  • 7. Statement Fighting corruption is the first step to reducing inequality, safeguarding human rights, ending poverty and stopping those who act with impunity. It’s not an easy task, but it is not something world leaders can afford to ignore. “We hope that world leaders will listen closely to the recommendations of civil society when deciding a way forward. Civil society represents the voice of the people, people who suffer the pain and indignity of corruption on a daily basis.” Jose Ugaz, Chair of Transparency International
  • 8.
  • 9.
  • 11. Did Siemens Also Pay Bribes in Greece? Siemens Cooperating in Nigeria
  • 12.
  • 13. Corporate Governance - Practical Experiences (1)
  • 14. Corporate Governance - Practical Experiences (2)
  • 15. Collective Action (1)  Fight corruption in concert with competitors and other players  Create high compliance standards via a concept of prevention  Integrate an independent institution for promotion and monitoring  Define sanctions in case of violations Competitors Collective Action NGOs1) Customers Government Society
  • 23. Four very important questions! 1. Is it the right thing to do? 2. Is it consistent with our core values and mine? 3. Is it legal? Is it ethically and morally correct? 4. Is it something I am willing to be held accountable for? Page 9 For internal use only / © Siemens AG 2010 CL CO AT. … however, ultimately, controls are not enough. We need to continue fostering an integrity culture Is it the right thing for Siemens? Is it consistent with Siemens core values and mine? Is it legal? Is it ethical? Is it something I am willing to be held accountable for? If the answer is YES to all of those questions, DON'T WORRY, BE CONFIDENT! Questions to guide Siemens employees towards compliant and responsible behavior 1 2 3 4
  • 24. Thank you for your attention!