The PACI Principles are based on TI’s Business Principles Against Corruption, which are the result of an extensive field consultation with many stakeholders. The PACI Signatories companies that have publicly adopted the PACI principles and a zero-tolerance policy towards bribery, currently number more than 120.

The focus on PACI at the WEF 2007 was two-fold: First, the clarification of the implementation process, including a self-monitoring commitment from the signatories, based on TI’s tools to support the Business Principles; and second, obtaining a commitment from the top accounting firms to work on an assurance approach for companies’ no-bribes programmes in the next 12 months.

The PACI initiative is a good example of how TI can increase its influence by working with partners with strong convening powers – like the WEF – that can provide access to important players in the corporate sector. The project constitutes one of TI’s initiatives to improve anti-bribery behaviour in the business world and to reduce the detrimental effects of the supply-side of bribery. Recognising that corporate bribery cannot be fought by law enforcement alone, TI’s work in the private sector is based on building preventive mechanisms and on monitored voluntary private sector commitments to improve business conduct.

For more on the PACI initiative, please go to: www.weforum.org/en/initiatives/paci/index.htm
To read more about TI’s Business Principles for Countering Bribery, and the full suite of implementing tools, please go to: www.transparency.org/global_priorities/private_sector/business_principles