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Capitalist corruptionCapitalist, Transparency International, corruption, business, USA, reputation, company, Banks, Germain Act, S and L scandal, corporate, scandals, Republican Revolution, Private securities Litigation Reform Act of 1995, PSLRA, securities Litigation Uniform Standards Act of 1998, SLUSA, Telecommunications Act of 1996, Commodities Futures Modernization Act, CFMA, WorldCom, Republicans, Democrats, Global Crossing, Enron, Clinton

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Impact and scope

Peter Eigen is the chairman of the Transparency International of Berlin, that formed in 1993. It's goal is to monitor corruption in business and government. This group does a survey of 102 countries measuring the amount of corruption in business . The 2002 results are, the least corrupt are Finland, Denmark, New Zealand, Iceland and Singapore. The countries where corruption seems to be a problem are Indonesia, Kenya, Angola, Madagascar, Paraguay, Nigeria and Bangladesh. The USA was ranked 16th least corrupt nation (1).

In their "Corruption Perceptions Index 2009" The least perceived to be corrupt are New Zealand, Denmark, Singapore, Sweden, Switzerland, Finland, Netherlands, Australia, Canada and Iceland. The USA ranked about 19. The most are Haiti, Iran, Turkmenistan, Uzbekistan, Chad, Iraq, Sudan, Myanmar, Afghanistan and Somalia. The report said "Fragile, unstable states that are scarred by war and ongoing conflict linger at the bottom of the index. These are: Somalia, with a score of 1.1, Afghanistan at 1.3, Myanmar at 1.4 and Sudan tied with Iraq at 1.5. These results demonstrate that countries which are perceived as the most corrupt are also those plagued by long-standing conflicts, which have torn apart their governance infrastructure" (2).

How does Corruption affect a business? In 2002, the Cherenson Group a consulting firm did a survey about the effect of a companies reputation and its ability to attract and motivate workers. 78 percent of adults surveyed said they would rather work for a company that met there needs with an excellent reputation, instead of a company that paid higher and had a bad reputation. In another survey 91 percent of employees agreed there was a link a companies reputation and employee performance. The survey was one by Society for Human Resource Management and the Council of Public Relations Firms (3 ).

Banks/finance

Corporations

Private contracts mostly defense

Capitalist, Transparency International, corruption, business, USA, reputation, company, Banks, Germain Act, S and L scandal, corporate, scandals, Republican Revolution, Private securities Litigation Reform Act of 1995, PSLRA, securities Litigation Uniform Standards Act of 1998, SLUSA, Telecommunications Act of 1996, Commodities Futures Modernization Act, CFMA, WorldCom, Republicans, Democrats, Global Crossing, Enron, Clinton