Corruption in the private economic sector as a threat to the economic security of the state

Abstract

Commercial law companies with private capital are the basic economic units that affect the Gross Domestic Product (GDP). Noticeable corruption practices in the process of obtaining contracts for the performance of works or the delivery of products lead to the conclusion that this sector of economic activity of the state was transferred from the public area to illegal corrupt behaviour. Corruption in the private sector negatively affects the finances of the enterprise for which purchasing procedures are carried out, but it also destroys the principles of the free market and economic competition. The threats resulting from committing corruption offenses affect both natural persons and collective entities. The introduction of an effective anti-corruption system to the organization will allow for limiting the occurrence of behaviours contrary to the law and business ethics. The anti-corruption system ensures the safety of individual employees and representatives of the organization's authorities and protects the organization from criminal and financial liability.