Effective Strategies for Corporate Governance and Risk Management in the Public Sector: Preventing Corruption and Abuse of Authority

Abstract

In the era of globalization, good corporate governance and risk management are crucial, especially in the public sector, to prevent corruption and abuse of authority. This research aims to identify and analyze effective strategies in corporate governance and risk management in the public sector, with a focus on corruption prevention. Using a quantitative research method, data were collected through surveys and interviews with key stakeholders, including government officials and governance experts. The results show that structured risk evaluation and effective information communication can significantly reduce the risk of corruption. Practices such as strict internal controls and integrated information technology were found to improve transparency and accountability. Policy recommendations include increasing transparency, adopting integrated information systems, and implementing consistent reward and sanction systems to enhance the integrity of public institutions. However, the study's findings are limited by the specific sample used, and further research is needed to evaluate various governance practices across a broader spectrum of public sector organizations over a longer period.