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© 2026 International In-house Counsel Journal Ltd. | ISSN 1754-0607 | Picture Credits: Freepix, Unsplash and by permission of the authors
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Beyond Institutions: How Individual Ethical Choices Shape the Governance Environment

July 2026EthicsElectronics

Abstract

Corruption has long been recognized as one of the most significant obstacles to economic development, institutional effectiveness, and public trust. According to the World Bank, corruption diverts public resources, discourages investment, weakens democratic institutions, and disproportionately harms the most vulnerable populations. Transparency International consistently reports that countries with higher levels of perceived corruption also exhibit lower levels of institutional trust, weaker public services, and reduced confidence in the rule of law (Transparency International, 2024). As a result, governments, international organizations, and corporations have devoted substantial efforts to strengthening governance frameworks, enhancing regulatory oversight, and expanding compliance programs aimed at preventing misconduct.

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Author

Patricia Frossard Piteri

Head of Legal & Compliance l Philips LATAM, Philips LATAM, Brazil

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