In line with its advocacy on business ethics and good governance, ADFIAP, on the invitation of the Asia Foundation and the Hills Program of the Ramon V. del Rosario Sr. Center for Corporate Governance in the Asian Institute of Management (AIM), participated in a roundtable forum on anti-corruption strategies held on February 18, 2010 at the AIM Conference Center in Makati City, Philippines. The main topic of the conference was “Syndromes of Corruption” presented by Professor Michael Johnston of the Colgate University in Hamilton, New York.
In his presentation, Prof. Johnston highlighted four syndromes of corruption prevailing around the world, namely: (1) market influencers (2 elite cartels (3) official moguls and (4) oligarchs and clans. In brief, market influencers are organizations that distort or manipulate the markets for their own gain. Similarly, elite cartels are bested interest groups that work in collusion with authorities to get prime contracts and businesses. Official moguls operate in undemocratic environment with the aim of corrupting the system while oligarchs and clans operate in an environment where weak institutions exist and then perpetuate themselves for power and wealth.
ADFIAP’s work on corporate governance and social responsibility are embodied in the mission of its own outreach and CSR center, the ADFIAP Responsible Citizenship (ARC) Institute. Please click on this link: https://www.adfiap.org/advocacy/arc/