‘Lessons from the OECD Foreign Bribery Report: The Dark Horse, the Paper Tiger and Chicken Littl’

The OECD Foreign Bribery Report was launched on 2 December 2014 and is a first attempt to measure the crime of bribery of foreign public officials in international business, based on confirmed cases. The Report analyses data emerging from the 427 foreign bribery cases that have resulted in definitive sanctions since the entry into force of the OECD Anti-Bribery Convention in 1999. One of the more startling findings in the report is that some level of corporate management was involved in 41% of cases and in 12% of cases the company’s President or CEO was implicated. From a corporate governance and compliance perspective, this begs the question as to what went wrong and why. In this paper, Leah Ambler draws on specific case studies to examine the failures that led to the company being sanctioned for bribery in international business and how this could have been avoided through strengthened corporate governance and compliance frameworks. Lees verder:

 

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