Corruption Is A Form Of Dishonest Unethical Conduct

Corruption is a form of dishonest or unethical conduct by a person entrusted with a position of authority, often to acquire personal benefit.[1] Corruption may include many activities including bribery and embezzlement Corruption is an improbity or decay in the decision-making process in which a decision-maker consents to deviate or demands deviation from the criterion which should rule his or her decision-making, in exchange for a reward or for the promise or expectation of a reward, while these motives influencing his or her decision-making cannot be part of the justification of the decision. Bribery is the act of giving money, goods or other forms of recompense to a recipient in exchange for an alteration of their behaviour (to the†¦show more content†¦A third party, known as a White Glove, may be involved to act as a clean middleman. Specialist consultancies have been set up to help multinational companies and small and medium enterprises with a commitment to anti-corruption to trade more ethically and benefit from compliance with the law. Grease money is money that is paid to an official to facilitate the rapid processing of bureaucratic paperwork. Such a payment is known as a grease or facilitating payment, and the legality of such payments varies, depending on the laws that govern the activities of the official and the person or company offering the payment. Some people consider these payments to be a form of bribery, since they involve offering money to a public official with an expectation of a result, while others argue that they are only used to expedite a task that will be performed anyway, whether or not funds are offered. As such, it is simply a cost of doing business in some parts of the world. Extortion is a crime in which one person forces another person to do something against his will, generally to give up money or other property, by threat of violence, property damage, damage to the person’s reputation, or extreme financial hardship. Extortion involves the victim’s consent to the crime, but that consent is obtained illegally. Employment fraud is an attempt to defraud people who are seeking or performing employment by giving them a false hope of better employment, oftenShow MoreRelatedEthical And Moral Aspects Of Unethical Practices1641 Words   |  7 PagesIntroduction Unethical practices by organizations in the oil sector are frequently increasing as the pressure to compete and succeed compels them to ignore the ethical and moral aspects of their practices and decision-making. In order to maximize value for its shareholders and gain profitability, some oil companies willfully engage in unethical practices. 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