Corporate Corruption And The New Challenges For The Role Of Government

Maria L. Seguiti

Abstract


The US financial and economic distress that began in 2007 poses profound challenges for public policy and public administration in the US and abroad. Corporate mismanagement, insider trading in the stock market, reckless behaviour of accountants and auditors and conflicts of interest are at the heart of the problem.

The past experience of corporate scandals, such as the US company Enron, and the Italian company, Parmalat, and many other comparable scandals around the world has showed that information by private markets cannot always be trusted. Deficiencies in transparency, fairness, trust and freedom from corruption are very well seated in the corporate world, just as in government worldwide.


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