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Partnering Against Corruption Initiative (PACI) Presentation to Organization for American States Elaine Dezenski, Senior Director and Head of PACI 12 September.

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Presentation on theme: "Partnering Against Corruption Initiative (PACI) Presentation to Organization for American States Elaine Dezenski, Senior Director and Head of PACI 12 September."— Presentation transcript:

1 Partnering Against Corruption Initiative (PACI) Presentation to Organization for American States Elaine Dezenski, Senior Director and Head of PACI 12 September 2013

2 PACI A Global Strategic Initiative of the Forum PACI harnesses the strength of the Forum’s leaders across the globe to collectively work towards leveling the playing field. Through PACI, the world’s leading businesses work together with governments, civil society, and the world’s foremost thought leaders to utilize the global platform of the Forum to raise visibility, promote sound public policy and catalyze action across regions, countries and industries.

3 PACI Background PACI was launched by CEOs from leading Forum member companies in the engineering and construction industry at Davos in January They had the aim of: 1.create a common language for anti-corruption that was valid for all industries 2.providing a public platform for top-level corporate commitment to the fight against corruption 3.supporting companies in implementing their commitment of zero tolerance against corruption PACI remains the only global anti-corruption initiative driven by the private sector and brings together companies from multiple industries and global locations to fight bribery and corruption By becoming a PACI signatory, a company commits to: zero-tolerance policy toward bribery and corruption, and Implementation of an internal anti-corruption program that reflects the PACI Principles

4 PACI seeks to create dialogue and experiential learning opportunities for our community In addition to the PACI Vanguard comprised of CEOs, the PACI community consists of many compliance practitioners who meet at our meetings and engage in various work streams that support specific initiatives of interest to the communities. The PACI community engages virtually through Toplink, the PACI Radar, and our Leading Practices Exchange. Through these media, we obtain broad-based input into projects, best practices, community connection and engagement

5 Why does Business, Government and Civil Society Choose to Engage through the World Economic Forum? For Governments Forum summits aim to set the global and regional agenda and senior level ministerial engagement creates the opportunity to address issues of critical importance to governments, showcase government best practices to stakeholders, and to meet bilaterally with other government leaders, CEOs and key stakeholders 5 For Businesses Partnering with PACI demonstrates a company’s commitment to improving global, regional and industry anti-corruption efforts to employees, customers, shareholders and governments. Partners engaged with PACI through multiple touch points: Strategy – exposes senior executives to new ideas, trends and strategies that affect the way businesses respond to corruption challenges Government and Corporate Affairs – facilitates events that have all the right constituents in the room, enabling research and activities to be conducted with like-minded companies, governments and other players Public Relations and Communications – allows senior executives to demonstrate thought leaders for industry Corporate Social Responsibility – allows senior executive leadership on issues facing their industry

6 Recent Regional Events and Activities PACI Mongolia Local Network The origins of the PACI Mongolia Network began in 2011 at a joint anti-corruption roundtable held by the Mongolian President and PACI. Today, the Local Network numbers almost 200 Mongolian companies PACI Anti-Corruption Roundtable, Ulaanbaatar Held on 15 Sept to launch advancement of PACI Local Network as Mongolian Anti-Corruption Alliance 19th PACI Task Force Meeting, New Delhi Held April, facilitating best practice exchange and action-oriented anti-corruption agenda among PACI members India Anti-Corruption Workshop Held on 12 April, New Delhi in collaboration with UNGC, Transparency International, UNODC and Global Agenda Council on Anti-Corruption and Transparency High-Level Private Anti- Corruption Meeting, Peru Held on 23 April, Lima in collaboration with Peru Government, Comptroller General and Anti- Corruption Commission of Peru Private Meeting on Anti-Corruption and Competitiveness, Jordan Held on 24 May at World Economic Forum Summit on the Middle East and North Africa

7 Corruption Context from PACI`s Perspective Corruption and a level playing field for business based on fair markets is now a strategic priority for our community Corruption is recognized as one of the key barriers to economic growth and competitiveness Global companies are looking to emerging markets for key growth opportunities Corporate boards can no longer claim “plausible deniability” New global businesses from emerging markets are competing in traditional Western-dominated markets and integrating into global supply chains Many anti-corruption efforts are underway but the level of coordination is fragmented, creating an opportunity for PACI to play an aligning and integrating function of anti-corruption initiatives and stakeholders

8 Corruption is also interlinked to the Global Risk Context Corruption is closely interlinked to other global risks. By distorting markets, stifling economic growth and sustainable development, it also undermines democracy and the rule of law. —Estimates of the cost of corruption equate it to more than 5% of global GDP (US$ 2.6 trillion) with more than US$ 1 trillion paid in bribes each year

9 PACI A Short History of PACI`s Evolution Started as Compliance Platform Evolution Beyond Compliance to Best Practices Places Corruption as Strategic Business Risk at heart of Global Agenda

10 From Compliance to Strategic Business Risk The changing debate on corruption Bribery, money laundering and other forms of corruption have long been a staple of everyday news But, the public perception about corruption and the approach of governments and business is changing fundamentally And we are endeavoring to shift the narrative: Fighting corruption is done because it causes harm to businesses and society in broad terms Defensive, reactive measures to prevent non-compliance are put in place Mistrust of partners fuels reluctance to share information and concern about reputational risk Fighting corruption is done because it creates value for businesses and society, opening up new opportunities Proactive, innovative measures to attract good behaviour are encouraged Trust and openness amongst partners facilitates information sharing, collaboration and innovation Narrative of loss and riskNarrative of value-creation

11 With this changing debate is a changing strategic focus on CEO leadership Transforming responses to corruption to address the strategic business risks faced by the PACI community has meant refocusing PACI as an integrated agenda-setting platform that is carried out in collaboration with World Economic Forum partners Our members invest, do business and grow in difficult, emerging markets A true level playing field drives their success and drives proactive measures to design corruption out of the system CEO-level leadership is provided by the PACI Vanguard

12 The PACI Vanguard is a group of the most committed CEO “champions” of anti-corruption selected from PACI signatory companies Representing the views of business, the overall purpose is to contribute to the global, regional and industry agenda on new models for transparency and anti-corruption Greater visibility and exposure is given to these anti- corruption champions to collectively engage in business- government-civil society dialogue wherever corruption is an issue impeding growth, investment and competitiveness 1 2

13 PACI Strategy We are endeavouring to establish the foremost global multi-stakeholder community combatting corruption through the PACI Vanguard The PACI Vanguard will comprise a highly engaged group of stakeholders leading the way in new developments and ideas in global anti-corruption We intend to support the visibility and interaction of the group to serve as strategic core of the PACI community and driving cross-industry and cross-market level-the- playing field anti-corruption agenda We do this through a variety of projects, including a new initiative on “Designing Corruption out of the System” that would serve as a high-level map to guide transformation and alignment of stakeholders and initiatives in anti- corruption, catalysing new regional and collective action initiatives We aim to be a trusted partner, serving as a catalyst and integrator PACI creates experiential learning opportunities for the PACI community, shaping interaction and technology platform to the needs of PACI signatories and the strengths of the World Economic Forum We use a blend of formal and informal, face-to-face and virtual interaction

14 PACI Strategy We are endeavouring to establish the foremost global multi-stakeholder community combatting corruption through the PACI Vanguard The PACI Vanguard will comprise a highly engaged group of stakeholders leading the way in new developments and ideas in global anti-corruption We intend to support the visibility and interaction of the group to serve as strategic core of the PACI community and driving cross-industry and cross-market level-the- playing field anti-corruption agenda We do this through a variety of projects, including a new initiative on “Designing Corruption out of the System” that would serve as a high-level map to guide transformation and alignment of stakeholders and initiatives in anti- corruption, catalysing new regional and collective action initiatives We aim to be a trusted partner, serving as a catalyst and integrator PACI creates experiential learning opportunities for the PACI community, shaping interaction and technology platform to the needs of PACI signatories and the strengths of the World Economic Forum We use a blend of formal and informal, face-to-face and virtual interaction

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