The Bank had never used the word 'corruption' at all until…
“The Bank had never used the word 'corruption' at all until I got there, and the reason for that was, as the general counsel pointed out to me, that quite a number of our shareholders represented were not immune from corruption in their governments.”
About This Quote
This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation.
The bank avoided calling actions corruption because many shareholders were themselves involved in corrupt practices.
In simple terms: Avoided naming corruption due to shareholders' involvement.
Key Takeaway
Recognize and address hidden corruption.
Themes
ethics
governance
politics
Mood
cautious
serious
Type
analytical
critical
When to use this quote
- corporate oversight
- policy making
- international finance
- stakeholder analysis
Key Concepts
conflict of interest
institutional integrity
Questions to Reflect On
- How can institutions confront internal corruption without losing support?
- What safeguards can prevent conflicts of interest?
A Different Perspective
Calling it corruption may alienate powerful partners.