Corruption remains a major barrier that impacts businesses negatively by increasing the costs of doing business (the invisible tax), raising barriers for market entry (especially for SMEs), and undermining the quality of both products and services. In a more encompassing sense, it hinders economic growth and erodes trust in both businesses and governmental institutions. In these respects, B20 Turkey is aligned with the G20 efforts specifically regarding private sector integrity, adopting solutions both for the enforcement of anti-corruption regulations as well as the empowerment of businesses in their fight against corrupt activities.
|Business Network Partner||
The Anti-Corruption Taskforce has 88 members who are, for the most part, senior executives from corporations, business associations, and professional services firms. The taskforce is also ably assisted by Ernst &Young as a knowledge partner, and the ICC and WEF as network partners. Members and supporters either continued as members from the previous year’s working group (under the Australian B20 Presidency), or were invited to join the taskforce in 2015 by the coordinating chairs. The membership is broadly representative of G20 countries as a whole.
Combating corruption is an overarching, cross-cutting issue in both public and private sector agendas. As illustrated by the vast amount of literature on corruption, the phenomenon is notable due to its implications regarding the erosion of public trust – an erosion which affects the very foundation of institutions and businesses alike.
From a more focused business perspective, corruption creates inefficiencies and prevents fair competition, with the World Economic Forum estimating that corruption increases the cost of doing business by up to 10%. Furthermore, with increasingly robust regulatory enforcement, growing international regulatory cooperation, and considerable stakeholder interest in business integrity, the likely reputational and financial cost of engaging in corrupt practices continues to increase. By combating corruption, companies can support the development of a sustainable investment and trading environment and encourage better public and private-sector decision-making for the benefit of the public.
B20 Turkey is looking to propose implementable solutions to strengthen anti-corruption efforts. With particular emphasis on continuation of the Brisbane recommendations of last year, five areas of action have been assigned significant importance. These are:
- Public Procurement
- Beneficial Ownership
- International Conventions
The taskforce has so far discussed the following focus areas:
- Develop best practices in customs and drive implementation
- Apply best practice procurement in large / significant infrastructure projects and promote companies with anti-corruption programs
- Enhance anti-corruption training for SMEs
- Endorse G8 principles relating to transparency and ownership
- Commit to encourage enforcement of the OECD Anti-Bribery Convention and UN Convention against Corruption
Distribution of Members
Schedule of Meetings
|9 February||İstanbul||Kick Off Meeting|
|19 March||Teleconference||1st Taskforce Teleconference|
|16 April||Washington, D.C.||1st Joint Taskforce Meeting|
|1 June||Paris||2nd Joint Taskforce Meeting|
|10 July||Teleconference||2nd Taskforce Teleconference|
|3-5 September||Ankara||B20 Conference|
|14-15 November||Antalya||B20 Summit|