Mr. Mathias Bak conducted a session where he highlighted MACN’s efforts and strategies to eradicate corruption within the maritime industry. Mr. Bak emphasized the importance of understanding corruption, defined as the abuse of publicly entrusted power for private gain. This typically involves government corruption, where public officials exploit their power for financial benefits. Corruption manifests as bribery, facilitation payments, and extortion, all of which significantly affect stakeholders’ dignity and result in substantial financial losses.
