Battling Global Corruption and Promoting Integrity with Lisa Ventura

June 4, 2020 | The Walden Pond

Lisa Ventura is the Practice Lead in the Partnering Against Corruption Initiative (PACI) with the World Economic Forum, and this week’s guest. For over 6 years, she has worked with the Forum, focusing on business, human rights, and combining profit with purpose. She joins Vince Walden to discuss how the Forum deals with global corruption and promotes integrity.

The World Economic Forum is an international organization for private-public cooperation whose goal is to bring businesses, governments, and civil societies together to address a wide array of issues. PACI is a platform in the global anti-corruption arena that puts emphasis on public-private cooperation, responsible leadership, and technological advances. Their agenda is to leverage the tone from the top to change how companies operate and build a corporate culture of ethics and integrity. 

There are four pillars of the agenda for business integrity: commitment to ethics and integrity beyond compliance; the strengthening of corporate culture and incentives to drive continuous learning and improvements; the leveraging of technologies to reduce the scope of corruption; and the supporting of collective action to increase scale and impact.

Global corruption levels are expected to rise as a result of the rising pressure caused by the pandemic. Lisa recommends appointing leaders who think of integrity as essential as a way to combat it.

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The world isn't simple anymore, and on the Walden Pond podcast, your host, anti-fraud expert Vince Walden, is talking to experts about the technology and compliance trends you need to know about to keep your compliance and fraud detection programs relevant. If you're looking for insights that are practical, timely and innovative... Welcome to the Pond.