August 2010 Russian Energy Compliance Alliance Launched
A company operating in an environment where corrupt practices are perceived to be the norm may fear “going alone” on an ethical path and losing business. The perception often exists that all other companies take part in bribery and other corrupt practices, such that there is nothing to be gained by acting ethically. When companies choose to work together, however, they can dramatically reduce the opportunities for official corruption and create a more transparent, fair and stable environment for competition. Since 2000, the Center for Business Ethics & Corporate Governance (CFBE) has led Russian and foreign companies to undertake such collective action.