Why is the state of corruption important to policymakers, business leaders, and the public?
The GCR 2009 demonstrates that corruption exacts a heavy burden on societies, business, and individual citizens. When corruption allows reckless companies or employees to disregard laws and flout regulations, the consequences for society are far-flung and often devastating. Corruption contributes to unsafe products, exploitative work conditions, and environmental degradation. For business, the GCR presents ample evidence that corruption increases the costs of doing business while introducing reputational risks and vulnerability to extortion. It also makes access to capital more expensive, depresses company valuations, and corrodes staff morale. Most pernicious though is the overall impact of corruption on our communities. Widespread corruption leads to citizens losing trust in public institutions, politicians, and corporations, ultimately undermining the legitimacy and social acceptance on which these actors depend. All this makes the state of corruption a priority issue for policy-mak
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