Lisa Ventura is the Practice Lead in the Partnering Against Corruption Initiative (PACI) with the World Economic Forum, and this week’s guest. For over 6 years, she has worked with the Forum, focusing on business, human rights, and combining profit with purpose. She joins Vince Walden to discuss how the Forum deals with global corruption and promotes integrity.
The World Economic Forum is an international organization for private-public cooperation whose goal is to bring businesses, governments, and civil societies together to address a wide array of issues. PACI is a platform in the global anti-corruption arena that puts emphasis on public-private cooperation, responsible leadership, and technological advances. Their agenda is to leverage the tone from the top to change how companies operate and build a corporate culture of ethics and integrity.
There are four pillars of the agenda for business integrity: commitment to ethics and integrity beyond compliance; the strengthening of corporate culture and incentives to drive continuous learning and improvements; the leveraging of technologies to reduce the scope of corruption; and the supporting of collective action to increase scale and impact.
Global corruption levels are expected to rise as a result of the rising pressure caused by the pandemic. Lisa recommends appointing leaders who think of integrity as essential as a way to combat it.
Agenda for Business Integrity – http://www3.weforum.org/docs/WEF_GFC_Overview_Agenda_for_Business_Integrity.pdf
Hacking Corruption in the digital era: http://www3.weforum.org/docs/WEF_GFC_on_Transparency_and_AC_Agenda_for_Business_Integrity_pillar_3_2020.pdf