Business Pitch Dictionary by pitch.dog
Regulatory, ethics & conduct compliance · Core

Corruption

Also called: corrupt conduct

ELI5

Abuse of entrusted power for private gain or improper advantage.

Used in conversation

“Can we state who receives the right created by corruption, and when it applies?”

Pitch context

You will see “Corruption” in board papers, contracts, policies, risk registers and compliance reports when the discussion reaches regulatory, ethics & conduct compliance.

Why it matters: In regulatory, ethics & conduct compliance, a loose definition can change rights, obligations, approval, disclosure or enforceability.

Caution

Meaning, enforceability and required process vary by jurisdiction and agreement; this definition is not legal advice.

Sources & evidence · 3

Direct term-level sources and supporting source families.