Enabling business to be the driver of society’s prosperity
Lawmakers should formulate a framework in which business success makes a net positive contribution to society’s prosperity.
Government should act to reduce bribery practices in business, for example by adopting and ratifying the OECD Anti-bribery convention. This can be achieved not only by addressing the issue head on, through education and sanctions, but also indirectly through the general format and structure of business law. Unnecessary discretion can offer opportunities for abuse, and simple, clear laws reduce the scope for ambiguity.
Business should be encouraged to engage positively with the social environment in which it operates, which may well be by adopting corporate social responsibility practices.
Governments may want to consider supporting small and medium-sized businesses, since they employ the majority of workers within most jurisdictions.