Corruption-misuse of an office for private gain

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Bribery, extortion, graft, embezzlement - these are just some of the grizzly faces of corruption. In some countries, corruption is so common that it is as expected as a handshake when ordinary people or businesses deal with government officials. It is not a vice that started the other day but an act that has evolved over the years. It is now even part of the community fabric in most parts of the world.

Corruption, the misuse of an office for private gain has had many effects to organizations. For instance it has lead to issues like needless inflation of employee ranks that has lead to greater operational inefficiency, less favorable business climate and such conditions serves as a serious drag on a nation's wealth.

Reference no: EM13922724

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