Corruption, corporate governance, and building institutions in the Asia-Pacific

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The Changing Face of Corruption in the Asia Pacific: Current Perspectives and Future Challenges, 2017, pp. 93 - 108
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© 2017 Elsevier Ltd. All rights reserved. This chapter looks at how good corporate governance and building robust, strong institutions can help address issues of corruption in the Asia-Pacific. Firstly, this chapter looks at the definitions of corruption, its unpredictability, and different forms of petty and grand corruption after the Rose-Ackerman (2008) model. Corruption's long-lasting effects on poverty are also mentioned. This chapter suggests that corporate governance institutions and their good practice may alleviate the effects of corruption. Corporate governance reforms are described and suggestions are made on how their good practice may strengthen government institutions and promote business investment in countries with weak markets. Finally, this chapter states that institutional-building is an important part of combating corruption, preventing politicization in the organs of government, and promoting socioeconomic well-being in the region.
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