Rolls-Royce has launched a 24-hour "ethics hotline" for employees to report concerns about bribery. The company also promised to claw back any bonuses awarded to managers who are found to be involved in corruption.
Entries in David Gold (3)
The UK's Serious Fraud Office (SFO) has launched a formal investigation into Rolls-Royce Holdings Plc, Europe's largest manufacturer of aircraft engines. The investigation is centered around the company's business dealings in China and Indonesia and follows up on concerns the SFO raised a year ago about possible bribery and corruption involving intermediaries in Asia.
Rolls-Royce appointed an outside lawyer to investigate allegations of overseas bribery in China and Indonesia.