Tag: business ethics

Emerging market businesses that lack formal compliance processes suffer twice: first from inefficiency and then from losing out on beneficial partnerships. While companies in emerging markets are becoming formal businesses in increasing numbers, there is still a sizable gap between getting a license and paying taxes (the minimum definition of “formal”) and following the internal… Read More

  To the casual observer, a small wave-shaped logo printed on the products and packaging of local businesses should make no difference to buyer loyalty. Yet the story of Lithuania’s Clear Wave Initiative suggests that it does. In 2017, close to 40 percent of Lithuanians stated that they could recognize the “White Wave” logo. The… Read More

In 2019, international corporations were fined more for breaking bribery laws than ever before. The milestone year saw the largest-ever collection of fines for violations of the U.S. Federal Corrupt Practices Act (FCPA), at $2.65 billion. 2019 also featured the largest-ever corporate settlement:  a combined $1.06 billion agreement by Ericsson, a Swedish telecommunications firm. In… Read More

          Photo Credit: ITprogBlog This article originally appeared in the TFM Magazine, Volume 2 Number 13, 2018, p. 32 – 35. Read Part I here Empowering through knowledge One of the most identified risk areas for organisations regarding corruption is third-parties acting on behalf of their organisation. In many cases, a… Read More

From left to right: Anna Kompanek, Gerry Zack, and Ken Jaques CIPE’s Democracy that Delivers podcast host Ken Jaques and CIPE’s Director of Global Programs Anna Kompanek, sat down with incoming CEO of the Society of Corporate Compliance and Ethics (SCCE), Gerry Zack. Zack discusses how fraud and compliance have evolved over the last 30… Read More

  France has long been criticized for falling short on enforcement of its international obligations to fight corruption abroad, including the OECD Anti-Bribery Convention that mandated member states to criminalize bribery of foreign public officials in international business transactions. That changed with the introduction of Sapin II, a new law similar to the U.S. Foreign… Read More

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