In Venezuela there’s only one instrument to fight corruption, it is the Anti-Corruption act which last reform occurred in 2014 although this law is truly applicable to public officials and to those who are not it only refers to the embezzlement of public funds and the deviated conduct from those who lead the Public Administration.

On one side the penalties from public corruption felonies are very low and they tend to not be served; in fact the private corruption felony is unknown in Venezuela from all the sectors, including the private enterprises that are clearly the victims and most affected.

In Spain, the Criminal Code of 2010 regulates the corruption among individuals to those who promise, offers or grant a benefit or an advantage of any unjustified nature to be favored he or a third among others.

An enacted law by the Parliament took care of the corruption among individuals or “corporate corruption” copying almost exactly the content of the Spanish Criminal but with a penalty higher from two to six years in its article 64; in the end of last year the president Nicolas Maduro included the corporate corruption felony in the Anti-Corruption act the corporate corruption felony with the same content as the law enacted by the parliament, even grants sanctioning powers to the entity in charge of the defense of the social and economics rights.

So Public Corruption as Private Corruption are damaging society conducts; so is necessary that from the core of the enterprises emerges the decision to apply good corporative government measures that avoids an impact to the investors and directorate.