Control Risks' Survey of International Business Attitudes to Corruption
Article from: OGEL 1 (2004), in Good Governance
Corruption regularly features in the international press, and there is now greater awareness of the damage that it inflicts both on companies' reputations and on national economies. In the last five years, OECD member states have introduced new laws, similar to the US Foreign Corrupt Practices Act (FCPA), making it possible to prosecute companies in their home countries for paying bribes abroad. However, there is widespread uncertainty both about the scale of the bribery problem, and about the companies' response. Control Risks' survey provides new insights into what international business ...