This article emphasizes the importance of building an ethical culture within the private sector, particularly in light of government efforts to combat corruption. It argues that both government officials and private sector individuals are responsible for ethical conduct and that a strong ethical culture requires trust, clear principles, and effective compliance programs.
ALLOW me to start with an amazing statement of former US President Jimmy Carter, who died at the age of 100 very recently: “A strong nation like a strong person, can afford to be gentle, firm, thoughtful, and restrained. It can afford to extend a helping hand to others.” As we step these days into the new business year 2025, I request everybody to be that strong person.
We all have to understand that we have to contribute to a better Philippines, supporting politicians, businessmen, the youth and the poor. With government taking anti-corruption more seriously now, I think that we have to be aware that in corruption it needs two to tango: the government official who takes and the private sector person who is ready to give. While we always complain about the ‘corrupt government agencies and their practices’, it is time now to get the house of the private sector in order too. When we in business talk about competitive advantages, building and maintaining an ethical culture must be part of the agenda. The private sector has to build an ethical culture in practice.Ethics are a set of principles. An ethical culture is a culture committed to pursuing those principles—and sometimes the pursuit of those principles leads an employee to take actions somebody else might dislike. Perhaps the employee reports suspicions of misconduct, involving bribery or collusion in competition or mismanagement of data privacy. Either way, the employee needs to trust that the company will support that decision to step forward. The apparatus of a corporate compliance program—the training, the internal reporting systems, the Code of Conduct, the due diligence procedures; all of it—should work toward the goal of a strong sense of trust within the organization. When you view “building an ethical culture” from that perspective, suddenly several tasks rise to the top of the priority lis
ETHICS CORPORATE CULTURE COMPLIANCE ANTICORRUPTION PHILIPPINES
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