Participants at Ethisphere’s 2014 Europe Ethics Summit. In today’s global business environment, corruption poses a risk that companies with operations around the world must understand and manage effectively. Those that do reap the benefits. As the Ethisphere Institute points out, the business case is clear: the five year annualized performance of the World’s Most Ethical… Read More
The next year is shaping up to be a big one for multilateral free trade agreements and, by extension, efforts to fight corruption in international commerce. First, there is the historic Trade Facilitation Agreement (TFA) that grew out of the World Trade Organization (WTO) accord reached in December 2013 in Bali. Under the TFA, all… Read More
By Junior Kayembe N’Kashama Building a robust ethics and compliance program is key to managing risk in today’s complex world of global business. That is why understanding best practices and the state of compliance infrastructure among companies is an important step toward better compliance across the board. Society of Corporate Compliance and Ethics (SCCE) and… Read More
In the first half of 2014, anti-corruption enforcement actions by the U.S. alone cost the business community more than $500 million. It would seem logical that as a result anti-corruption compliance would be at the forefront of every multinational corporation’s activities. But that’s not the case, at least as described in the 2014 Global Fraud… Read More
As the world’s multinational companies seek profits in new, high-risk markets, they inevitably start depending on local businesses – third parties – to operate. Such partnerships bring with them both the promise of mutual growth and, for the multinational, responsibility for the behavior of its new local partner. That’s because aggressively applied laws such as… Read More
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