scholarly journals Money Eating: The War Beyond Private Sector Initiative

2020 ◽  
Vol 5 (8) ◽  
pp. 1060-1063
Author(s):  
LOIDA A. RILVERIA
Keyword(s):  
Best Practices ◽  
Private Sector ◽  
Conflict Of Interest ◽  
Self Regulation ◽  
Service Improvement ◽  
Public Officials ◽  
Policy Responses ◽  
Common Basis ◽  
Documentary Analysis ◽  
Shared Service

The main purpose of this study is to know the best practices and challenges of private sector in fighting money eating. The study employed the qualitative research method using the documentary analysis and made use of Qualitative Analysis in determining the best practices and challenges of the private sector. Based on the findings, the best practices of private sector are in two themes: Public-Private Sector Partnership and Private Sector Self-Regulation; the challenges of private sector are in two themes: Lack of Cooperation and Conflict of Interest. This implies that the private sector plays an important role in fighting money eating and the challenges of private sector is multifarious.Money eating is not just a public sector matter. As a common basis of money eating for public officials, the private sector portions account ability for money eating. Eradicating money eating by mounting a multi-pronged scheme incorporating liberalization, deregulation, civil service improvement, and institutionalization of a participating line to shared service delivery and its monitoring. Comprising the private sector will not only countenance the progress of supplementary refined and sensitive policy responses to money eating but will also put pressure on the private sector to elevation its own standards of deeds.

A Critique of Ethics Laws

1992 ◽  
Vol 21 (3) ◽  
pp. 313-322 ◽  
Author(s):  
Barbara Ruhe Grumet
Keyword(s):  
Public Sector ◽  
Private Sector ◽  
State Government ◽  
Conflict Of Interest ◽  
Unethical Behavior ◽  
Public Life ◽  
Financial Disclosure ◽  
Public Officials ◽  
The Public ◽  
Appointed Officials

Ethics laws, which prescribe and prohibit certain behavior for public officials, have been enacted in response to recent scandals in federal and state government. These laws focus on methods which include financial disclosure, defining and prohibiting behaviors such as conflict of interest, and restricting private sector employment in matters directly related to public life. While these laws have some benefits, such as providing more information to the public about elected and appointed officials, they do not go far enough either to define, or prevent, unethical behavior. This paper suggests that a broader approach, focusing on specific actions of public officials, would be a better way to prevent unethical behavior in the public sector.

Strategic Audit Inquiry: The Impact of Timing and the Promotion of Statutory Protections on Client Fraud Disclosures

2020 ◽  
Vol 34 (3) ◽  
pp. 153-167
Author(s):  
John R. Lauck ◽  
Stephen J. Perreault ◽  
Joseph R. Rakestraw ◽  
James S. Wainberg
Keyword(s):  
Best Practices ◽  
Audit Quality ◽  
Self Regulation ◽  
Data Availability ◽  
Audit Committees ◽  
External Auditors ◽  
Extant Literature ◽  
Psychological Theories ◽  
Inquiry Process ◽  
The Impact

SYNOPSIS Auditing standards require external auditors to inquire of client-employees regarding their knowledge of actual or suspected fraud (PCAOB 2010b; AICPA 2016). However, the extant literature provides little guidance on practical methods that auditors can employ to increase the likelihood of fraud disclosure and improve audit quality. Drawing upon best practices in the whistleblowing literature and psychological theories on self-regulation, we experimentally test the efficacy of two practical strategies that auditors can employ during the fraud inquiry process: actively promoting statutory whistleblower protections and strategically timing their fraud inquiries. Our results indicate that auditors are more likely to elicit client-employee fraud disclosures by actively promoting statutory whistleblower protections and strategically timing the fraud inquiry to take place in the afternoon, when client-employee self-regulation is more likely to be depleted. These two audit inquiry strategies should be of considerable interest to audit practitioners, audit committees, and those concerned with improving audit quality. Data Availability: From the authors by request.

The supply-side of corruption: a review of scenario, causes and prevention measure

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Nurfarizan Mazhani Mahmud ◽  
Intan Salwani Mohamed ◽  
Roshayani Arshad
Keyword(s):  
Private Sector ◽  
Business Environment ◽  
Supply Side ◽  
Public Officials ◽  
Theoretical Understanding ◽  
Content Type ◽  
Preventative Measures ◽  
Prior Literature ◽  
The Government ◽  
High Level

Purpose This paper aims to provide a proper understanding of corruption in the private sector, also known as the supply-side of corruption. It also presents the causes of corrupt practices and points out the corporations’ actions to mitigate corrupt behaviour in the business environment. Design/methodology/approach This study reviews the prior literature on the phenomenon of corruption in the private sector, its causes and the preventive measures that should be implemented. Findings Corruption in the private sector was associated with a firm’s interaction with the public sector, and the most common corruption in the private sector is grand corruption, which is improper contribution made to high-level public officials and politicians. The causes of corruption in the private sector can be explained from several dimensions: economy, psychosocial and legal and regulation. Preventative measures encompass both internal strategies, which are endogenous to business and external strategies like exogenous legislation and restrictions enforced by the government or outside organizations. Originality/value The efficient strategies in combating corruption need active cooperation and participation from the supply-side of corruption. Thus, this study contributes to the literature on the theoretical understanding of the corruption problem from the supply-side and responsibility play by the private sector in global anti-corruption initiatives.

Conflict of Interest and Decision Making

2021 ◽  
pp. 265-282
Author(s):  
Geneviève Helleringer
Keyword(s):  
Decision Making ◽  
Conflict Of Interest ◽  
Cognitive Biases ◽  
Institutional Design ◽  
Conflicts Of Interest ◽  
Self Regulation ◽  
Central Element ◽  
Professional Norms ◽  
The Impact ◽  
Harmful Effects

This chapter looks at conflicts of interest (COI). It first considers tools of analytic philosophy to highlight the notion of COI, and in particular, the connection between COIs, choice and judgment, emphasising why decision making is a central element in the characterisation of COIs. Drawing on these elements, it is clear that any question of regulation and institutional design requires a sophisticated understanding of the capacity of individuals to recognise and resist bias in themselves and others when making judgments and decisions. The chapter then studies two specific mechanisms—bounded rationality and cognitive biases—that affect the behaviour of people in COI situations. It starts by analysing how rationalisation can reframe questionable behaviour as appearing acceptable, and how a sense of invulnerability encourages people to downplay the impact of COIs. The chapter then looks at techniques (policies, procedures, incentives, etc.) used to address COI situations in the light of insights from psychological studies. It concludes that both fiduciary duties and procedural requirements reflect an erroneous understanding of psychology and have led institutions and policies to deal ineffectively—if not indeed counterproductively—with the problems caused by COIs. Finally, the chapter assesses how alternative mechanisms may overcome the highlighted deficiencies. It specifically focuses on the key role that professional norms can play in dealing with unavoidable COIs while preserving trust between the affected parties, and the potential for self-regulation to provide worthwhile tools in combatting the harmful effects of COIs.

A Synthesised Stage Model for Collaborative Public Service Platforms

2016 ◽  
Vol 3 (4) ◽  
pp. 10-27
Author(s):  
Aulia Zulfa ◽  
Bram Klievink ◽  
Mark de Reuver ◽  
Marijn Janssen
Keyword(s):  
Private Sector ◽  
Public Service ◽  
Public Services ◽  
Development Model ◽  
Service Improvement ◽  
Stage Model ◽  
Maturity Models ◽  
Public And Private ◽  
Development Models ◽  
Platform Development

Collaboration between government, the private sector and citizens is deemed critical to further improve the quality and effectiveness of public services. However, the stage models describing and guiding the development of e-government do not or only rarely cover external collaboration for improving public services. The authors argue that this gap can be filled by including insights from literature on the evolution of platforms, which can serve as a medium for collaboration between public and private parties. This paper aims to synthesise e-government maturity models and platform development models to act as a guide to move from government-centred public service improvement to collaborative innovations by government, businesses and citizens. The result is a platform development model with five stages. To see how the model holds in practice, three cases are investigated. The authors find that their model shows promise but also requires further evaluation and refinement.

The Warming Business Climate in Africa

2015 ◽  
Vol 114 (772) ◽  
pp. 163-169
Author(s):  
Scott Taylor
Keyword(s):  
Private Sector ◽  
Economic Life ◽  
Business Climate ◽  
Public Officials ◽  
Private Actors

With a spate of new activity and progress, perceptions of business and the role of the private sector in economic life have shifted markedly among donors, investors, and African public officials and private actors.

The Lavish Corporate Hospitality: The Lawful and Unlawful Interaction of Public Officials and Private Sector Actors — Law and the Court Praxis in Finland

2013 ◽  
Vol 21 (1) ◽  
pp. 59-84
Author(s):  
Johanna Peurala
Keyword(s):  
Public Sector ◽  
Public Relations ◽  
Private Sector ◽  
Case Law ◽  
Criminal Code ◽  
Soft Law ◽  
Business Sector ◽  
Public Officials ◽  
The Public ◽  
Clear Cut

Public officials can be offered hospitality, excursions, seminars or different kinds of benefits by the business sector. These kinds of benefits can be seen to be a customary practice or the management of public relations. Finnish law does not give any clear-cut answers when a certain benefit can be seen as lawful (as a gift) or unlawful (as a bribe). The aim of this research is to clarify, based on the Finnish Criminal Code, by Finnish case law, as well as soft law instruments, the thin line between unlawful and lawful benefits in this business–public sector interaction. The article also discusses the concept of the management of public relations which the Finnish courts have mentioned as the factor that can justify the benefits given to the public officials by business sector.

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