Compliance executives from around the world increasingly are banding together as part of a concerted effort to tackle corruption risks in emerging markets.

The thrust of such global movement is to share best practices to collectively reduce corruption within every industry, and also to provide a united front to dishonest government officials who are looking for kickbacks or grease payments. “The spirit of collective action is that we, together, are stronger and more intelligent than on an individual basis,” says Claudia Maskin, regional compliance officer for Siemens, Argentina.

Jaclyn Jaeger is a freelance contributor to Compliance Week after working for the company for 15 years. She writes on a wide variety of topics, including ethics and compliance, risk management, legal,...