Latest FCPA Compliance and Global Anti-Corruption News with Expert Commentary
FCPA declinations decisions not to prosecute a company after an investigation are hard to track. The temptation when writing about corruption is to focus on statistics and policy details instead of people -- both the victims and the heroes.
- (1888PressRelease) December 29, 2012 - FCPA Investigations: 2012: The year in declinations - by Richard L. Cassin - FCPABlog
FCPA declinations decisions not to prosecute a company after an investigation are hard to track. The temptation when writing about corruption is to focus on statistics and policy details instead of people -- both the victims and the heroes. But Laurence Cockcroft leaves math and wonkiness behind (no small feat for an economist) and delivers a great narrative. Washington, D.C. law firm Miller & Chevalier has been tracking known declinations since 2008.In 2010, they identified 12, and last year 4. Read Full News on FCPABlog.
Bribery and Corruption: China survey: bribes eat big chunk of developers' profits - by Benjamin Kessler
Results of a recent survey strongly suggest China's real-estate sector is straining under a massive burden of bribery. One hundred and thirty-four property developers from three provincial capitals Wuhan (Hubei Province), Guangzhou (Guangdong Province), and Nanjing (Jiangsu Province) participated in the survey which was run by Zhang Hongxia, an assistant professor at Hubei University of Education. Zhang said the developers admitted at least 20 percent of their potential profits goes to influencing officials with bribes, receptions, and tours. Read Full News on FCPABlog.
Global Anti-Corruption: New book tells the story of global corruption and enforcement - by Richard L. Cassin
The temptation when writing about corruption is to focus on statistics and policy details instead of people -- both the victims and the heroes. But Laurence Cockcroft leaves math and wonkiness behind (no small feat for an economist) and delivers a great narrative. Cockcroft's new book is "Global Corruption: Money, Power, and Ethics in the Modern World". It was published this year by the University of Pennsylvania Press. Anti-corruption enforcement was largely off the table during the Cold War, he says, but has since emerged as the key weapon against global organized crime. Read Full News on FCPABlog.
Can we fight corruption by preventing greed? - By Dr. Henry Wong Meng Yeong
Confucius statue in Confucius Temple in Suzhou (China)"We have always known that heedless self interest was bad morals, we now know that it is bad economics." ― Franklin D. Roosevelt. We've explored how remuneration policies can create a conducive environment for fraudulent and corrupt behavior when excessively paid top executives put their own interests above those of the organization. Read Full News on FCPABlog.
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