Summary

Corruption isn't what it used to be. When Transparency International (TI) was founded just a decade ago, few dared mention the C word in polite circles. But now hardly a day passes by without newspaper headlines reporting yet another example of corporate misconduct. The recent allegations of bribery embroiling Norway's Statoil, which led to the resignation of its embattled chairman and the departure of its CEO are a sobering reminder of the high price executives and the companies they lead can incur. Practices that were once seen as an inevitable part of doing business in many ...