The need for anti-corruption compliance programs in companies of all sizes in global value chains has never been greater. Since 2006, the U.S. government has settled or prosecuted nearly 300 corruption cases against companies from around the world, including many where the corrupt conduct originated from multinational corporations’ suppliers, vendors, and agents. The average cost of resolving these enforcement actions now tops… Read More
Dr. Pakdee Pothisiri, Commissioner of Thailand’s National Anti-Corruption Commission, at an IOD event in Bangkok. (Photo: CIPE) Corruption is one of the world’s most pervasive and vexing problems, costing the global economy hundreds of billions of dollars each year and stalling economic growth in many developing countries. Though most anti-corruption efforts focus on government-driven… Read More
Participants at the January IOD training included senior officers from some of the largest local and multinational companies in Thailand. In late January, more than 30 senior officers from 17 major Thai and multinational corporations attended an intensive anti-corruption training program led by the Thai Institute of Directors (IOD). This pilot two-day training course is… Read More
UK Foreign Secretary William Hague with IOD Chairwoman Khunying Jada in Bangkok When the Thai military overthrew an elected government in 2006, and when the Supreme Court disbanded another elected government in 2008, corruption was the principal stated justification. Public perceptions and allegations of corruption can undermine government in Thailand to such an extent that… Read More