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BUSINESS ETHICS DECENA.docx

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  Corruption is most commonly defined as the misuse or the abuse of public office for private gain (World Bank, 1997, UNDP, 1999). It may involve gift giving or influence-peddling. While corruption is commonly attributed to the public sector, it also exists in other aspects of governance, such as political parties, private business sector, and NGO (USAID, Anticorruption Strategy, 2005). UNDP classifies corruption into two types: spontaneous and institutionalized (or systemic). The Philippines is widely held to be the oldest democracy in Asia. Democratic institutions such as separation of powers, judicial independence, and rule of law. This discretionary power, in a context of brittle accountability, supplied the basic incentives for corruption. The Philippine experience showed that ruling groups, at their will, can reduce accountability, either thru lack of transparency or by declaring certain areas of decision making off limits to scrutiny and intervention. Biribery also come in the form of future benefits. With this type of corruption, the boundary between a corrupt and a non-corrupt behavior becomes quite thin. Take for instance the act of giving a gift to a public official as a token of appreciation for services done. In some cultures, this may be ethically condoned. That's why bribery is part of every business, even though it has bad effects in our economy or in something. Because it can help also in the business, but it can cause a corruption. That's why Philippine Government conducts and implememt laws about this bribery because it can cause something illegal. The Philippines is not lacking in efforts in curbing corruption. Anti-corruption policies and measures are in place to deal with the different kinds of corrupt activities and behavior in the government. In fact, it is even observed that there are too many laws and regulatory mechanisms that tend to overlap with each other. If executed thoroughly, these laws are sufficient and comprehensive enough to discourage corrupt acts. Almost all regimes made anti-corruption efforts its slogan and correspondingly created new offices to carry this out as these efforts seemed to create the impression that the new administration is serious in its anti-corruption initiatives. Creation of such bodies however only resulted to redundant functions and wastage of government resources. While the Philippines has sufficiently created the legal framework for addressing the issue and created institutions charged with combating specific corruption issues, apparently it sorely lacks efforts to successfully implement these laws.  Words on answer: 397 Overall words (including name and sec): 411 Prepared by: Lyster Decena

Contemporary.docx

Dec 14, 2018
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