December 1, 2008
Monday
     

Siemens, The Coca-Cola Company, ArcelorMittal, Dell, and ING Group discuss anti-corruption at Hague conference

Date: 09-02-2008
Type: news brief
Categories: Business Ethics / Events & Entertainment
Source: Ethical Corporation
Organization:
Ethical Corporation

Today, large companies find themselves constantly in the firing line over bribery and corruption. Regulators and prosecutors are becoming ever more vigilant. Convictions and fines for business corruption are rapidly increasing.

Still many large companies are unaware of the growing legal liability they face under laws such as the Foreign Corrupt Practices Act. KPMG data points out that many companies lack basic compliance programmes yet face hugely increased criminal risks.

Read more on corporate corruption here.  

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