LEVERAGING GOVERNANCE TO TACKLE CORRUPTION IN THE CONSTRUCTION INDUSTRY
DOI:
https://doi.org/10.64186/jsp2471Keywords:
Good Governance, Corruption, Construction IndustryAbstract
This article examines corruption in the construction industry, a critical global issue that severely impacts project efficiency, investment prospects, and the overall credibility of economic systems. The construction sector is consistently ranked among the most corruption-prone industries worldwide. This study analyzes the pivotal role of governance in establishing effective, multidimensional anti-corruption mechanisms. It highlights the importance of transparency and information disclosure in promoting accountability and reducing opportunities for corruption. The analysis further explores the implementation of internal audit systems and digital checks and balances to enhance oversight efficiency. Stakeholder participation is emphasized as a means to develop collaborative monitoring and surveillance networks. Moreover, integrating ISO 37001 standards with Integrity Pacts establishes internationally recognized benchmarks for anti-corruption. When combined with efforts to foster an ethical organizational culture, sustainable learning systems, and the adaptation of successful practices from other countries, these elements create a comprehensive and effective anti-corruption ecosystem. Achieving success in combating corruption requires a balanced integration of modern technologies and active human participation. The insights from this study are particularly valuable for policymakers, project managers, and stakeholders in the construction industry, especially in Thailand and other developing countries seeking practical and effective anti-corruption solutions.
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