Increased ethics education can drive awareness among professionals in the public sector.
CFA Society India could potentially collaborate to provide ethics assessments as a service, making them mandatory for all public servants every three years.
The CFA community is globally recognized for its strong emphasis on ethics, often giving greater weight to ethical knowledge than to technical expertise.A joint venture dedicated to ethics education could begin with mandatory sessions and assessments for police officers, bureaucrats, and similar professionals, eventually expanding to include politicians.
Why This Might Work
Increased awareness and education are crucial. For example, educating a college student about the link between smoking and cancer is far more effective than counseling them after they have become addicted.
Similarly, consider an engineer tempted to accept a bribe for substandard materials in bridge construction. If they realize their own family might one day cross that bridge, their perspective could change. Or take a police officer who accepts a bribe to suppress a crime; if the offender remains free, their actions could eventually harm people close to the officer as well.ConclusionCorruption is fundamentally an education problem.
Business Model
A joint venture between CFA Society and some reputed business group or maybe a dedicated startup could generate recurring revenue through periodic ethics assessments and by delivering high-value, practical ethics training. Once the right mindset is instilled, it becomes a self-sustaining, virtuous cycle.