Aishwarya VermaAIR 4 · CSE 2021 · 83 wordsTheir whole copy
Opening · a definition
Integrity Pacts are the written agreements by the parties involved in business to maintain the integrity of process and ensure corruption free scenario.
Utility in ensuring transparency:
Body · points
- Benefits:-
- Commitment to transparency by corporates
- Building the public trust
- leads to inclusive development.
② Issues:
- Issues related to enforcement
- Tools for legal compliance are not effective
- Monitoring authority is not well equipped.
Close · a way forward
Integrity pacts are a way forward, towards ushering transparency as well as strengthening the business ethics.