Promoting Integrity in Bhutan's Cottage and Small-scale Industries: Challenges, Opportunities, and Policy Implications for Private Sector Governance
Year: 2025
Type: article
Abstract: Private sector integrity refers to the ethical conduct and adherence to principles of honesty and accountability within business operations. It encompasses practices that promote transparency, fairness, and ethical decision-making among businesses and their stakeholders. Integrity in the private sector is pivotal for fostering trust, enhancing reputation, and ensuring sustainable business practices. Bhutan's private sector is characterized by a predominance of small and cottage-scale businesses and sole proprietorships. This paper presents the unique challenges faced by Bhutan’s private sector, including a lack of corporate governance structures and limited resources. It also explores the potential to leverage cultural context and community-based approaches to promote ethical practices. Key examples of unethical business practices are highlighted, demonstrating the need for targeted integrity frameworks tailored to the country’s industrial landscape.
Language: English
Subfield: Information Systems and Management
Field: Decision Sciences
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W4410465312