The document provides an overview of corruption, emphasizing its definition as the abuse of power for personal gain and its detrimental effects on business, including resource loss and brand damage. It highlights major business scandals and stresses the importance of anti-corruption measures such as fostering a culture of integrity and implementing internal controls. Sources for further information, including videos and articles, are also referenced.

1. Ethics and Corruption
Dr Emmanuel Daniel
Faculty of Social Work

2. Synopsis
Overview of corruption
Understanding corruption
Top 10 scandals in business
Business gifts and bribes
The effects of corruption on business
Preventing corruption
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3. Overview of Corruption
Abuse of power
Position for personal gain
Against values
Corruption impedes growth
Criminal behaviour in business
Bribery
Embezzlement and Extortion
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Source- https://ethicsunwrapped.utexas.edu/glossary/corruption

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Source- https://www.youtube.com/watch?v=1GXaJculHQg

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Source- https://www.youtube.com/watch?v=_QepKsfmfSo

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Source- https://www.youtube.com/watch?v=XQdfD227NBA

7. The Effects of Corruption on Business
Lost Business Resources
Weakened Business Development
An Increase in Crime
Existing Shareholders are Discouraged
Damage to the Business’s Brand
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Source- https://smallbusiness.chron.com/effects-corruption-business-52808.html

8. Preventing Corruption
Mindset of anti-corruption
Culture of openness and integrity
Culture for the long term
Leaders responsible for setting the standards
Right procedures in place
Internal auditing controls
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