From Cleaning-Up to Keeping Clean: Ukrainian Businesses Prone to Gradual Change in Behavior

From Cleaning-Up to Keeping Clean: Ukrainian Businesses Prone to Gradual Change in Behavior

Over the years, many companies have experienced the resistance to ethics and compliance. During decades, it was common to say that it was too expensive to build a compliance system. However, such penny-wise mindset to compliance led to a pound-foolish aftermath. Accordingly, business culture has started changing slowly. 

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Get Your Company a Solid Third Party Due Diligence Framework for Free (Podcast and Materials Inside)

Get Your Company a Solid Third Party Due Diligence Framework for Free (Podcast and Materials Inside)

Look, I do not know how your company selects counterparties. But what if l told you that your company’s partners, vendors and even clients may be involved in really dirty behavior? In any developed jurisdiction, this would mean that your company risks facing interrogations, searches and even accusations of partnering crime. Nobody wants this scenario, right? However, not everybody does something about it. Hence if your job is to prevent this and protect your company from legal risks, below content should be of value for you...

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How can Ukraine Benefit from Anti-corruption Practices of Asian Tigers? Part 2 - South Korea

How can Ukraine Benefit from Anti-corruption Practices of Asian Tigers? Part 2 - South Korea

After my post on Singapore, this time I will focus on another Asian Tiger - South Korea. According to Corruption Perceptions Index 2016, South Korea holds the 52nd rank, between Rwanda and Namibia. In comparison to Ukraine's 131st rank position, it is not bad. But South Korea, unlike Ukraine, has long been one of the fastest growing economies in the world, often referred to as the "economic miracle on the river Han". Remaining Asian Tigers have a better situation with corruption perception: Singapore ranked 7th, Hong Kong - 15th and Taiwan - 31st...

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Does Businesses Need an Anti-corruption Court in Ukraine?

Does Businesses Need an Anti-corruption Court in Ukraine?

Corruption is a major problem in many of the worlds developing economies today. Ukraine is not exception. In such nations, corruption represents a regressive taxation that bears hard on the poor. It has a dampening effect on business development and it could result in the production of inferior goods as companies find ways to accommodate under-the-table payments. ...

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Where are the success stories of business resisting corruption?

Where are the success stories of business resisting corruption?

In anticipation of new Corruption Perception Survey, which is annually conducted by the American Chamber of Commerce (ACC) in October.

According to the surveys from previous years, majority of around one hundred participating companies reported that they have faced corruption while working in Ukraine (81% in 2016 and 88% in 2015). ...

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