Monday, 1 July 2013

Regulation alone won't ensure best practices in UAE companies - The National

"It is said that the formulation of a problem is often more essential than its solution. Using the same logic, before going about tackling the issue of corporate transparency, accountability and anti-corruption mechanisms, we must first define and frame the problems our corporate landscape faces in a regionally relevant context.

Wikipedia defines corruption as "spiritual or moral impurity or deviation from an ideal". It is fair to say that different regions and markets of the world have varying perceptions of what is considered ideal or immoral when it comes to business practices. This phenomenon is not one that separates developed markets from frontier or developing markets; there are indeed considerable differences even among the world's most established markets."

'via Blog this'

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