Michele Crymes Archives - Compliance Podcast Network

Business Integrity Innovations: The Commercial Approach to Anti-Corruption: Insights from Dr. Maximilian Burger-Scheidlin

Business Integrity Innovations is brought to you by the Center for International Private Enterprise (CIPE) and the Compliance Podcast Network (CPN). This podcast is inspired by Ethics 1st, a multi-stakeholder initiative led by CIPE that creates pathways for accountable and sustainable investment in Africa. Companies can use Ethics 1st to standardize their business practices, develop sound corporate governance systems, and demonstrate their commitment to compliance and business ethics.

In this insightful episode of Business Integrity Innovations, hosts Tom Fox and Michele Crymes invite Business Integrity Innovations: The Commercial Approach to Anti-Corruption: Insights from Dr. Max Burger-Scheidlin from ICC Austria to discuss innovative strategies in the anti-corruption sphere. Dr. Scheidlin shares his journey from a lawyer engaged in corrupt practices to an advocate for business integrity. He narrates a compelling story of a Sudanese businessman who made profits without indulging in bribery by investing in after-sales service instead. This approach ultimately proved more profitable and sustainable than corrupt alternatives.

Dr. Scheidlin emphasizes the importance of mindset change and a commercial approach to anti-corruption, especially in high-risk countries where legal compliance alone is insufficient. He argues that fostering long-term egoism by showcasing the profitability of non-corrupt practices can significantly reduce corruption. The episode delves into anti-corruption’s macro and micro impacts, illustrating the economic benefits of integrity in business. The conversation concludes with practical advice for companies looking to implement anti-corruption measures and an invitation to visit ICC Austria’s website for more resources.

Key highlights:

The Sudanese Businessman and the Wake-Up Call
ICC Austria’s Mission and Role
Tools and Strategies for Anti-Corruption
Commercial vs. Legal Approach to Compliance
The Commercial Approach to Anti-Corruption
Macro and Micro Examples of Corruption Impact
Future of Anti-Corruption Efforts

Resources:

CIPE

Business Integrity Innovations: The Compliance Solution(s) for African Markets

The Compliance Podcast Network (CPN) and the Center for International Private Enterprise (CIPE) bring you Business Integrity Innovations. This podcast is inspired by Ethics 1st, a multi-stakeholder initiative led by CIPE that creates pathways for accountable and sustainable investment in Africa. Companies can use Ethics 1st to standardize their business practices, develop sound corporate governance systems, and demonstrate their commitment to compliance and business ethics.

Join Tom Fox, Lola Adekanye, and Michele Crymes as they explore local innovative compliance solutions for African businesses to gain access to and excel in global value chains. Today, they visit the Ethics 1st initiative, which seeks to address corruption by building a network of compliance resources for businesses in Africa. Originating in 2017 and expanding across 13 countries by 2024, Ethics 1st has empowered African businesses to operate with integrity, promoting a business culture that rejects corruption. The discussion also highlights the potential for Ethics 1st to provide global returns by enhancing trust and visibility for African businesses among international investors and partners. The initiative emphasizes creating local solutions to combat corruption while offering global benefits.