New Zealand’s Rating on the World Corruption Index ...€¦ · Corruption in New Zealand and...

New Zealand’s Rating on the World Corruption Index – Leveraging Trust

How the New Zealand Story* Benefits the Seafood Industry

Seafood Industry NZ Conference Wednesday, 19 August 2015, Shed 6, Wellington

*www.nzstory.govt.nz

Suzanne Snively (ONZM), Chair Transparency International New Zealand Inc (TINZ)

[email protected]

www.transparency.org.nz

mailto:[email protected]

Transparency International publishes the: TI Corruption Perceptions Index(TI-CPI)

• The TI CPI ranks countries by international perceptions of public sector corruption.

• The NZ chapter found this perception was valid through the 2013 NZ National Integrity System Assessment (NIS).

According to the 2013 NZ National Integrity Systems Assessment published December 2013, (see www.transparency.org.nz/nis): New Zealand’s institutions

generally scored well for integrity, but the systems are fragile.

Assessing New Zealand Corruption

www.transparency.org.nz 2

3 www.transparency.org.nz

• Bribery and corruption have a corrosive effect on countries, communities and individuals.

• The damage that a single incident can cause to an

organisation’s reputation is poorly understood.

‘It takes 20 years to build a reputation and 5 minutes to ruin it.

If you think about that, you’ll do things differently’

– Warren Buffett

Corruption and Bribery Harm Reputation


Prevention can be better managed in New Zealand – we need to increase our awareness to do so

TINZ Role

• Achieve transparent and corruption-free practices in NZ. • Work with people and organisations to address and prevent

corruption by building strong integrity systems. • Work with people and organisations to harvest the benefits

of a reputation for integrity.

TINZ Role


YOU are already playing a vital role in addressing transparency and anti-corruption through your current approach protecting the value of New Zealand’s seafood resource!

Are YOU also building pride in good practice and promoting this to your stakeholders?

Trusted Stewardship of the Sea


New Zealand is a Unique “Yellow Zone” Country

• It demonstrates ethical, transparent, and corruption-free practices

• It observes international anti-corruption conventions

• It goes to market with the New Zealand Story conveying the values of integrity and kaitiaki

• In this way strong integrity systems operate as antidotes to corruption

New Zealand Ranking


Every New Zealander benefits from a trusted public sector, good governance & strong integrity:

• Opportunity to be proud.

• Leading to a growing and sustainable customer base.

• Creating a positive spiral, increasing the stability of NZ financial markets, underpinning a stronger economy.

GENERATING INFINITE POSSIBILITY (Instead of constraint and finite resource limitation)

Opportunity to be Proud


There is domestic corruption in NZ

Deloitte’s 2015 survey into perceived incidence of Bribery and Corruption in New Zealand and Australia highlighted that:

bribery and corruption risk is on-going that domestic corruption is real and is rapidly rising.

• Corrupt behaviour is more prevalent than believed – 23% of organisations experienced at least 1 case in the last 5 years.

• Many organisations are ill-equipped to counteract corruption.


Deloitte’s Survey

Here’s what to do to prevent Corruption:

1. Having a policy covering Codes of Conduct and guidelines 2. Communication and training re anti-corruption plans 3. Oversight by governance committed to integrity 4. Awareness of relevant legislation 5. Regular risk assessments that uncover corrupt practice 6. Due diligence of distributors, agents, joint ventures 7. Avenues for reporting breaches in your ethical standards

Then YOU can harvest 7 benefits of being trusted.

Managing Corruption Risk


There are many unrealised benefits because of the international perception of NZ’s integrity

Reputation and Brand – international perceptions about a country are powerful galvanisers drawing global interest in New Zealand products and services.

• Do your customers, suppliers, distributors and other stakeholders know how trusted NZ is internationally?

• Are YOU developing your strategies and budgeting around the New Zealand Story? www.nzstory.govt.nz

Strong Integrity Systems Benefit Organisations


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New Zealand Story


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New Zealand Story


The outcomes from integrity that contribute directly to your productivity and profitability are:

1) Reputation

2) Lower cost of doing business

3) Lower cost of capital

4) Easier market access

5) Higher rate of return on investment

6) Staff prefer to work for ethical organisations

7) Ethical organisations have more customer support

Strong Integrity Systems Benefit Organisations


Trust is an economic as well as an ethical, constitutional and social value – providing opportunities for YOU beyond business as usual.

• The economic zones in the Pacific could be the sources

of sustainable, renewable resources IF there is good governance ensuring transparent monitoring & reporting that the resources are renewable & protected

There are future opportunities in the wider Pacific for you through strengthening integrity systems there

The Economy Benefits Too


Benefits Include Plentiful Pacific Resources

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Partnership

The Seafood Industry has values that are aligned with being part of Trusted Team New Zealand.

…. to increase the opportunities for the industry

– To monitor and report on risks

– provide quality, independent and objective advice; and

– exhibit a sense of social responsibility

While at the same time building strong networks and relationships to promote market development and growth.

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Transparency and the Seafood Industry

THE SEAFOOD INDUSTRY IS A LEADER

Being proud of New Zealand’s reputation, our values and supporting our public sector integrity systems

Integrating these values into your routine business practice and strategy for sustainability

Being a global leader in environmental governance

In this way: New Zealand’s asset of trust becomes an infinite asset for

growing your balance sheets and stakeholder base

GENERATING INFINITE POSSIBILITY (Instead of constraint and finite resource limitation)

Positive Spiral for NZ Financial Market & Economy


DISCLAIMER

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We can do it – every New Zealand organisation can move into a permanent positive spiral!

New Zealand's future is enveloped in water and sea. You hold the key to ensure there is plentiful

renewable resources.‎ This benefits you, the Seafood Industry and the New Zealand Story.


New Zealand’s Rating on the World Corruption Index ...€¦ · Corruption in New Zealand and...

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