A new book edited by one of the most distinguished names in the anti-corruption world offers insights into the use of collective action to combat international bribery. In Collective Action: Innovative Strategies to Prevent Corruption, editor Mark Pieth brings together the experience and insights of 23 prominent authors. With the publication of the book, available for purchase here, the Basel Institute is launching an International Center for Collective Action (ICCA), to serve as a resource for companies seeking to improve their anti-corruption programs.
Transparency as a shared goal fosters collaboration. As TRACE president Alexandra Wrage details in the chapter entitled, “Collective Action: a compliance case study,” collective action in the compliance world, particularly anti-bribery compliance, helps to both enable a more powerful response to a bribe solicitation and to reduce the time and resources associated with compliance. Indeed, transparency, a critical resource for anti-corruption efforts, increases exponentially as participation grows, and through collective action, a community of companies with a shared goal of avoiding extortionate demands can become a powerful force against bribery.
TRACE as an organization is based on the principles of collective action. Corporate compliance measures must rely on shared resources to be effective and cost-efficient. TRACE membership services, including benchmarking surveys, due diligence, on-line training, a database of local anti-bribery laws and resources and conferences and workshop, are all funded collectively by membership dues. TRACE sets the standard for anti-bribery compliance by continually benchmarking the practices of members. The free resources offered by TRACE, including the TRACE Compendium, the Global Enforcement Report, and many other publications, are all manifestations of the same philosophy – that by pooling resources and sharing ideas, companies can maintain the most robust compliance programs at the lowest price.
TRAC, our new global due diligence platform for supply and marketing chain compliance, is the largest shared-cost project to date. It captures, assesses and shares due diligence information on organizations and individuals across the supply chain and assigns a universal ID (TRAC number) to all approved applicant. TRAC provides a new standard for base level due diligence based entirely on the principles of collective action.
To learn more about TRAC, please visit www.tracnumber.com.