Weekly Wrap – 15th May 2014

 

Hi I am Tom McLeod, Co-Founder of McLeod Governance.

This is what I would be thinking about this week.

Last night I had the real privilege of facilitating a panel discussion on corruption.

On the panel were some of the most interesting and experienced practitioners in the area of the investigation and prevention of corruption.

As interesting as the panel was there was a question that was asked of me afterwards that really left me challenged.

Why Is Corruption Now So Big?

The question was: “Why is corruption now so big?”

And it made me stop and think.  My immediate response was that there was nothing changed and I still hold that view today.

But lets break it down.  Is corruption bigger now than it was in the past? Or is there just a greater focus?

My hypothesis is that there hasn’t been a substantial change in corrupt practices in recent times.  Indeed to be corrupt is one of the original sins.

What perhaps may have changed is our ability to identify it and equally our ability to publicise it.

Greater Ability to Identify Corruption

Through the application of tools such as big data and more focused data analytics or alternatively through greater or more effective interrogation techniques, I suspect we are identifying more corruption.

But that does not necessarily mean that the level of corruption has increased.

More Powerful Tools to Publicise Corruption

Perhaps the biggest change has been in our ability to publicise corrupt or allegedly corrupt acts.

Through the mediums of Twitter, Facebook and other new media avenues, the ability to quickly publicise unfortunate or misadventures behaviour is much easier than what it was in the past.

And perhaps that is the change that we are seeing.

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