Anti-corruption policy and business environment

Abstract

The modern implementation issues of anti-corruption requirements of the Russian legislation by commercial organizations are considered in the article, the current proposals of the executive authorities concerning the introduction of a set of mandatory requirements for the prevention of corruption for the individual types of organizations are analyzed by the authors. The authors note that only state efforts in the fight against corruption is clearly not enough, we need a synergy of cooperation with business and civil society. Moreover, the business community is, in fact, most interested in the fight against corruption part of the society. Therefore, within this community its own anti-corruption standards of conduct and conflict of interest resolution, prepared in accordance with the current global recommendations are developed and adopted. For example, the anti-corruption charter of the Russian business has been acting for several years in the country, which is highly appreciated by the state and the global community. The charter gained the status of a methodological center, where the tools of self-regulation of the anti-corruption activity of the Russian companies are developed. Moreover, the business is closely monitoring the business climate in the country, which ultimately affects the investment activity. The authors of the article made the special mention of the issues of the adequacy and the effectiveness of the measures taken by state and private companies to combat corruption. The conclusion is made that measures of state regulation in this sphere need to be complemented by the independent activity of the companies for improving the corporate governance practices. Particular attention is drawn to the need to adopt government solutions of stimulating anticorruption actiity within the business community.