Promoting Integrity in Bhutan's Cottage and Small-scale Industries: Challenges, Opportunities, and Policy Implications for Private Sector Governance
Kin Dorji, Karma Thinley Wangchug, Rinchen Namgay
Journal of Economics, Management and Trade · pp. 48–55 · Published 17 May 2025
10.9734/jemt/2025/v31i61296Abstract
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.
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