Definition
Corruption is the abuse of entrusted power for private gain.
Context
Corruption is an overarching concept that includes various forms of undue influence, particularly bribery, illegal gratuities, and trading in influence. It occurs in both public and private sectors and is closely linked to conflicts of interest, kickback schemes, and internal controls within governance frameworks.
Meaning
Distorts decision-making, undermines fair competition, and creates significant legal, financial, and reputational risks.
Example
Awarding contracts in exchange for personal benefits.
Sources
Suggested citation
wirtschaftsforensik.ch Editorial Team: "Corruption", in: Glossary, wirtschaftsforensik.ch, https://wirtschaftsforensik.ch/glossar/corruption/, accessed April 18, 2026.