A report by the European Commission describes how corruption affects member states and costs their economies around €120 billion a year.
Entries in World Economic Forum (3)
In the one-minute video are CEOs Peter Bakker from TNT in the Netherlands, Alan L. Boeckmann from Fluor Corporation, Samuel A. DiPiazza Jr from PricewaterhouseCoopers International, and Richard OBrien of Newmont Mining Corporation, all based in the United States.
The YouTube blurb says: The World Economic Forum's Partnering Against Corruption Initiative (PACI) is a global anti-corruption initiative driven by the private sector, bringing together companies from multiple industries throughout the world to fight bribery and corruption. Launched by CEOs from leading global corporations at the World Economic Forum Annual Meeting 2004 in Davos, PACI helps to consolidate industry efforts on the issue and shape the evolving regulatory framework. By becoming a PACI signatory, a company commits to a zero-tolerance policy towards bribery and corruption and agrees to put in place an internal anti-corruption programme that reflects the PACI Principles for Countering Bribery. For further information email: email@example.com.