Corruption is the abuse of entrusted power for private gain. One of the misunderstandings among public on corruption is that corruption is related with the performance of only public sector representatives. However, corruption can occur in all sectors of society (public sector, private sector, civil society, media and academia) where public interest exists. There are some positions in all these institutions that are entrusted by wider public and there is a possibiity of their abuse. For instance, by acquiring stocks of a private company you become an individual who has an interest in the performance of this company. Representative of the company, holding entrusted office, while taking serious decision that may affect the performance of company, should take into account your interests and interests of other shareholders, as well. Any corrupt act occuring in the company may harm the reputation of the company, thus the value of your shares may drammatically decrease.
Another limited understanding among the public on corruption is about its manifestations. Most of the people perceive bribery as the only type of corruption. However, committed with material and non-material means, corruption has several manifestations. Most popular type of corruption among the public is bribery. Nevertheless, there are other types of corruption as well, such as nepotism, gift giving, embezzlement, extortion, kickback, trading in influence etc. Corruption can be classified also based on its scale (petty corruption and grand corruption) and its frequency (systematic and sporadic corruption.)