Good governance means an ideal governing system that is inevitable for political, economic, social and cultural development of a country. Ideal governing system means the ideal orientation of a state that works best to achieve self-reliance, sustainable development and social justice and the ideal functioning of government that operate most efficiently. The United Nations Development Program (UNDP- “Governance and Sustainable Human Development, 1977) has identified five basic principles of good
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Unit 1 – Ethics, Morality and Legalities Abstract This paper will attempt to dissect the fine line between lobbying and bribery and give some direction as to where one ends and the other begins with relationship to ethics, morality and legalities. Unit 1 - Ethics, Morality and Legalities 1. What is the difference between lobbying and bribery? Meriam-Websters online dictionary. (2011). Defines bribe(ry) as money or favor given to influence the judgment or conduct of a person in
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1. • In your opinion, is “bribing” unethical & illegal or just a cost of doing business? Discuss this in light of Siemens’ bribery scandal. We believe that bribing is unethical because it takes away the fairness of a business transaction between bidders of a contract. Bribing also has a negative impact on competition because it allows for oligopolies and monopolies to emerge in an industry due to smaller competitors being unable to financially compete with the amount of the bribes. This
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Larson In Nigeria | WAC Report | | | | | 9/6/2012 | | Table of Contents Letter of Transmittal 3 Executive Summary................................................................................................................................4 Situation Analysis...................................................................................................................................4 Problem Statement 6 Statement of options 6 Criteria of Evaluation 7 Evaluation
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According to the Webster Dictionary Bribing is money or favor given or promised in order to influence the judgment or conduct of a person in a position of trust. In nowadays people use bribe in their daily lives for a lot of things that they don't realize, for example you finish my homework and I'll take you to lunch; that is just a small way of bribing. In a lot of countries, for you to be able to get something done faster you need to throw some extra money in or some type of a gift. Then we ask
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Africa and the Roll of Corruption The major cause and reason for poverty around the globe is corruption. Unfortunately corruption occurs at all levels of every society, from national to local governments, judiciary functions, civil society military, small and large businesses and other services and so on (www.globalissues.org). The poorest countries are mostly affected by corruption despite it being in almost all nations. Political development is undermined by corruption since all aspects of society
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applied by the most powerful party against those whom may be in opposition to any of their initiatives. Recently, Ukraine has human rights and civil society development program, which had a start date of 2013. The goal is aim at reducing corruption by creating openness and accountability to all levels of government equally. In Economics sphere: Ukraine has the second largest board with the EU where the country held a high ranking as an important source for imports and almost equally ranked
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Working in Nigeria has been a popular choice for expats ever since the large oil reserves were tapped. But for the locals, doing business in Nigeria may be connected with informal employment and corruption. Read on for a brief overview on working in Nigeria, from employment sectors to business etiquette. Nigeria will be a very different place than home to most expats who start working there. While there are many different rules of conduct among the diverse cultures of the nation, business etiquette
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Defection from one party to the other on selfish and flimsy grounds has added to the instability of the government in our country. It is bad on both moral and political ground. There is no sphere of national life which can be described to be free from corruption. At the political level everyone—ministers, legislators, party officials suffer from it. Our democracy has miserably failed on different front—food, home, foreign etc. The result is that it is dubbed as monocracy or democracy. The masses are
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To what extent is it true that as a result of agency costs shareholders wealth will not be maximized by corporate management. If so, what actions can shareholders take to correct the situation? As we know that agency costs exists in most corporations since the separation of ownership and management in large businesses. Shareholders are the principals and owners; managers are the stockholders’ agents. The problem is to get between shareholders and managers since they
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