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World Economic Forum's Partnering Against Corruption Initiative (PACI)  


In January 2005, 62 corporate leaders made a commitment to a zero-tolerance policy on corruption by signing up to the Partnering Against Corruption Initiative (PACI), which was established by the World Economic Forum in 2004.

The companies are headquartered mainly in OECD countries, but also Argentina, Dubai, Kuwait, Lebanon, Malaysia, Russia, Saudi Arabia and South Africa and represent the construction, oil and defence industries (although in the future PACI is seeking to involve companies from a wider range of sectors).

Its vision is to "develop multi-industry principles and practices that will result in a level playing field, based on integrity, fairness and ethical conduct."

The PACI principles are derived from Transparency International's Business Principles for Countering Bribery and call for two key actions:

- zero-tolerance policy towards bribery;
- the development of a practical and effective implementation programme.

PACI prohibits bribery by or on behalf of the enterprise, in any form. It also identifies high risk practices such as political/charitable giving, gifts/expenses; and facilitation payments.

Companies that sign up can either implement anti-corruption practices based on the PACI Principles, or use them as a benchmark for improving their existing programmes.

PACI is the latest in a series of codes aimed at combating bribery and corruption. With the exception of the OECD Guidelines on Multinational Enterprises, which has a government-backed enforcement mechanism, these initiatives all suffer from a fundamental weakness of a reliance on self-regulation and a lack of sanction.

Further information on PACI can be found at: http://www.weforum.org/site/homepublic.nsf/Content/Partnering+Against+Corruption


References
Hindustan Times  [Publication date: 9/5/2009] 'Tata Sons joins global firms against corruption'
   http://www.hindustantimes.com/StoryPage/StoryPage.aspx?sectionName=HomePage&id=
   6ebdd342-469a-4f06-8b9b-71898db0f0fd&Headline=Tata+Sons+joins+global+firms+again
   st+corruption

[Date URL accessed: 11/5/2009 | Source ID = 16762]

Associated Press  [Publication date: 1/2/2009] 'Davos: Don't let crisis breed more corruption' by ANGELA CHARLTON
   http://www.google.com/hostednews/ap/article/ALeqM5hFjO9duFXsQxJAMJRxs2VlhcAFsAD
   962OMMG0

[Date URL accessed: 8/2/2009 | Source ID = 16674]

World Economic Forum  [Publication date: 20/2/2008] 'SURVEY REVEALS LEADING COMPANIES IMPLEMENT ANTICORRUPTION PROGRAMMES'
   http://www.weforum.org/pdf/paci/pressrelease.pdf
[Date URL accessed: 28/2/2008 | Source ID = 15672]

Philippine Daily Inquirer  [Publication date: 15/2/2005] 'A GLOBAL STEP'
[Date URL accessed: 31/5/2005 | Source ID = 13697]

Engineering News-Record  [Publication date: 7/2/2005] 'Growing Number of Contractors Join Battle Against Bribery'
[Date URL accessed: 31/5/2005 | Source ID = 13698]

Business Recorder  [Publication date: 2/2/2005] 'PSO SIGNS ANTI-BRIBERY CHARTER'
[Date URL accessed: 30/5/2005 | Source ID = 13699]

Mineweb  [Publication date: 1/2/2005] 'MINING: NO BRIBES, NO TOKENS OF APPRECIATION'
[Date URL accessed: 31/5/2005 | Source ID = 13700]

The Statesman  [Publication date: 29/1/2005] 'GLOBAL FIRMS UNITE TO FIGHT CORRUPTION'
[Date URL accessed: 31/5/2005 | Source ID = 13701]

World Economic Forum  [Publication date: 28/1/2005] '62 Companies Commit to a Zero-Tolerance Policy to Combat Corruption and Bribery Top players from the energy, engineering & construction, and mining & metals sectors sign support statement to the Partnering Against Corruption Principles'
   http://www.weforum.org/site/homepublic.nsf/Content/62+Companies+Commit+to+a+Zer
   o-Tolerance+Policy+to+Combat+Corruption+and+Bribery

[Date URL accessed: 30/5/2005 | Source ID = 12893]

World Economic Forum  [Publication date: 28/1/2005] 'Partnering against Corruption'
   http://www.weforum.org/site/knowledgenavigator.nsf/Content/_S13060?open&event_i
   d=1204&year_id=2005

[Date URL accessed: 30/5/2005 | Source ID = 13692]

Greenwire  [Publication date: 27/1/2005] 'ETHICS: Major energy, mining firms sign anti-bribery agreement'
[Date URL accessed: 30/5/2005 | Source ID = 13702]

Inter Press Service  [Publication date: 27/1/2005] 'WORLD ECONOMIC FORUM: CORPORATIONS IN SEARCH OF A TAX LOOPHOLE' by Gustavo Capdevila
[Date URL accessed: 31/5/2005 | Source ID = 13703]

The Mining Journal  [Publication date: 17/12/2004] 'PARTNERING AGAINST CORRUPTION'
[Date URL accessed: 30/5/2005 | Source ID = 13704]

World Economic Forum  [Publication date: 1/10/2004] 'Partnering Against Corruption Principles fo Countering Bribery'
   http://www.weforum.org/pdf/paci/principles.pdf
[Date URL accessed: 30/5/2005 | Source ID = 13691]

World Economic Forum  [Publication date: 1/10/2004] 'Principles for Countering Bribery'
   http://www.weforum.org/pdf/paci/principles.pdf
[Date URL accessed: 1/3/2005 | Source ID = 13151]

Africa News  [Publication date: 25/1/2004] 'Global Engineering And Construction Firms Adopt Anti-Corruption Principles'
[Date URL accessed: 30/5/2005 | Source ID = 13710]

World Economic Forum  'Overview of the Partnering Against Corruption Initiative'
   http://www.weforum.org/pdf/paci/Paci_Presentation.pdf
[Date URL accessed: 29/5/2005 | Source ID = 13690]

World Economic Forum  'Partnering Against Corruption - Principles for Countering Bribery'
   http://www.weforum.org/pdf/paci/principles_short.pdf
[Date URL accessed: 30/5/2005 | Source ID = 13689]

World Economic Forum  'Partnering Against Corruption Initiative'
   http://www.weforum.org/site/homepublic.nsf/Content/Partnering+Against+Corruptio
   n

[Date URL accessed: 1/3/2005 | Source ID = 13152]


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