Corruption is defined as the misuse of entrusted power for one’s private gain or benefit. Corruption can include graft, bribery (including sexual favors), facilitation payments, dishonestly using influence, extortion, nepotism, conflicts of interest, embezzlement, fraud, and other forms of improper business advantages, financial or otherwise, to which the company is not entitled. The most common form of corruption is bribery, where both active (giving) and passive (accepting) acts are seen as dishonest.
The OECD - Organization for Economic Co-operation and Development Convention’s defines bribery as “a criminal offence for any person intentionally to offer, promise or give any undue pecuniary or other advantage, whether directly or through intermediaries, to a foreign public official, for that official or for a third party, in order that the official act or refrain from acting in relation to the performance of official duties, in order to obtain or retain business or other improper advantage in the conduct of international business.”
Myanmar’s Anti-corruption Law Art. 3(a) states that “Bribery means the misuse of designation and authority to do something, to avoid from lawful conduct, to benefit lawful right to someone, to untruly prohibit someone’s lawful right, directly or indirectly act of giving, receiving, attempting to receive, offering, promising or discussing bribe from relevant person for himself or herself or for someone else or for an organisation.”