LAW 533 Chapter Notes - Chapter 12: Polskie Radio Program Iii, Equator Principles, World Bank
15 Jan 2019
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Law 533 chapter 12: csr, overseas anti-bribery/anti-corruption and the law. 12-1 corruption is a significant drag on the economy of many developing countries and diverts revenue that otherwise could be used to address needed infrastructure and projects into the hands of individuals and their bank accounts. Because of open ended language referring to direct or indirect rewards, advantages or benefits, there is considerable potential for firms to run afoul of the cfopa. 12-7 in germany, prior to 1999 payments to foreign officials that are now characterized as bribery were considered tax deductible. Various reforms that siemens has undertaken in response to the enforcement actions can serve to improve understanding of how large companies can address corruption. More accountable corporate structure, updated anti corruption rules and guidelines, employee incentives, internal and external monitoring, employee assistance, employee training programs, external anti corruption partnerships. More centralized and streamlined decision making would be less susceptible to corruption.
