All of us working professionals have been witness to some corrupt practices at our respective workplaces. Our entire socio - economic structure has been a victim of this scourge. While countries across the world have woken up to the reality of Corruption at the workplace, in form of introducing new legislations in an effort to curb it, the US has taken a stellar lead with the Foreign Corrupt Practices Act. It is about time all us law-abiding citizens take some concrete measures (big or small), in an effort to wipe out the tyranny of corruption from the face of this earth. While it is a daunting task, we should not be overwhelmed by it. We must at least make an effort, individually and collectively, to minimize the impact of the scourge of Corruption at the workplace. Therefore, the purpose of this report is to create greater awareness among all the Business Stakeholders about how corruption/fraud/use of company resources for personal gains, soils the sanctity of the workplace, the reason it takes place and what are some of the remedial measures that organizations should adopt to curb the same.
This report is formed from general research and also by incorporating views of various individuals in responsible positions, which was congregated by SuperCFO by carrying out a survey on the said subject. SuperCFO is greatly thankful to all the participants of the survey who contributed their personal experiences on how & where this happens and also have shared their views & suggestions as regards how to minimize corrupt practices and how to deal with personnel who deliberately siphon off office wherewithal for personal gains.