Machine learning sniffs out corruption
“Bribery and corruption are by-products of risk culture,” said Aparna Gupta, Associate Professor at Lally School of Management at Rensselaer Polytechnic Institute. “We can take a step back and devise methods to detect it using textual data and machine learning.” Gupta was the second of two speakers at the one-hour webinar “Corruption and Corporate Governance” sponsored by the Global Association of Risk Professionals (GARP) on October 30, 2019. Since culture is intangible, empirical work on the relation between risk culture and risk management is limited. Traditional approaches for assessing risk culture have many drawbacks such as bias and lack of comparability. Nonetheless, […]
Earthquakes kill, and so does bribery
“Bribery and corruption are not victimless crimes,” said Hilary Rosenberg, Managing Director and Global Head of Anti-Bribery & Corruption at Standard Chartered Bank. To drive home the point, she showed a brief video in which the pile of rubble from an earthquake is compared to a house collapsing because corruption allowed an unsafe building to be approved. Furthermore, corruption “can hinder economic progress and destroy people’s trust in their government,” Rosenberg said. She was the first of two speakers at the one-hour webinar “Corruption and Corporate Governance” sponsored by the Global Association of Risk Professionals (GARP) on October 30, 2019. Anti-corruption policy […]