The rule of law or accountability and transparency in providing for the public good. Corporate governance involves all three branches of government, the laws and regulations that constitute the legal framework within which governments operate and the human and financial resources that are essential to manage the affairs of government. Many of the issues that are subsumed under the general topic of good governance were touched on in the previous sections that I have attended, so I would like to try to focus the discussion this morning around three sub topics, in order to have some control in the amount of time that we have left to come up with some conclusions and recommendations that will be reflected in the proceedings and the declaration that will be issued at the end of the forum. Two, what steps can governments take to reduce burdensome regulations and red tape. And the last sub topic that has been raised here this morning by both speakers and in previous sessions is corruption.
Corruption has the dubious distinction of being universally practiced.
It knows no national boundaries. It can take a variety of forms and occurs at all levels of society. Corruption survives in countries where legal systems are either incomplete or evolving and the complexity, over regulation and lack of predictability serve as fertile incubators for corruption to grow.