March 27, 2019 posted by Aravo
The World Economic Forum – an organization for public-private partnership which has its flagship meeting in Davos each year – thinks ABAC is so important it has created a specific initiative around it. Called the Partnering Against Corruption Initiative (PACI), the group launched a new report, The Future of Trust and Integrity in August 2018. The report talks about how bribery and corruption can be reduced through projects that focus on change in three key dimensions of trust and integrity – institutional, behavioural and technological dimensions. The PACI group is now targeting projects in all three dimensions.
The fact that the World Economic Forum is engaging so explicitly in ABAC should make it clear to boards how important the fight against bribery and corruption is. However, below are five more good reasons why boards should make their ABAC programs a priority: