Orhan Genis, Honeywell President, Turkey and Central Asia, has been named to the Business 20 (B20) Anti-Corruption Task Force by the Turkish Union of Chambers and Commodity Exchanges of Turkey. Turkey is chairing the Group of Twenty (G20) in 2015, the premier forum for global economic cooperation that brings together the world’s major economies. B20 leads the dialogue with G20 governments on behalf of the international business community.
Corruption is a major barrier to global growth and development, and according to World Bank estimates, more than $1 trillion annually is paid in bribes each year. The Anti-Corruption Task Force specifically focuses on promoting compliance in the private sector, increasing transparency in business practices, and improving best practice sharing across privately-held companies.
“From a business perspective, corruption creates inefficiencies and prevents fair competition,” said Genis. “By combating corruption, companies can support the development of a sustainable investment environment.”