TANZANIA Private
Sector Foundation will hold a meeting next week to discuss ethical
challenges in doing business amid growing mistrust with the government
due to allegations of widespread corruption by some of its members.
The TPSF Executive Director, Geoffrey
Simbeye told reporters in Dar es Salaam yesterday that they would
discuss what fuels corruption practices in the private sector and what
needs to be done to restore government trust on the private sector.
“We have decided we should discuss openly
what is fuelling corruption in the private sector...is it about
cumbersome bureaucratic constraints or inefficient provision of
regulatory services, or just greedy on our part,” he said.
“We know there is still corruption in the
private sector. We will discuss what needs to done to combat those
practices and restore public trust,” he said.
Mr Simbeye said corruption in procurement
and construction works, tax avoidance and evasion, transfer pricing,
under-invoicing are some of the issues that will be discussed in the
meeting to be held under the theme titled Responsible Business Leaders
for enhancing public- private cooperation for sustainable economic
development.
They would also discuss proposal to have a
code of conduct in the private sector that would set up values,
responsibilities and ethical obligations for their members, he said.
“Do we need a code of conduct or code of
ethics in the private sector? That also will be discussed,” he said
noting the discussions may most likely lead to adoption of a code of
ethics to be followed by all TPSF members. The TPSF Executive Director
said the meeting would also be used to elect their new chairman after
Reginald Mengi four-year tenure came to an end.
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