As the GlaxoSmithKline bribery investigation widens, it will soon engulf hundreds of third parties across China, accused of being conduits for bribe paying.
Entries in Due Diligence (59)
What is the cost of bribery and corruption? We're seeing it played out daily in Bangladesh as each body is pulled out of the rubble of the Rana Plaza, where there are now more than 600 confirmed deaths in what has become the worst disaster for Bangladesh's $20 billion-a-year garment industry.
Like many, I have followed the news of the deadly Rana Plaza building collapse in Dhaka, Bangladesh with sadness and dismay.
It’s easy to get caught up in the dogma of how compliance programs have historically been managed.
Illegal logging is a $10 billion business, according to Interpol, and is falling into the clutches of organized crime.
Last week, the DOJ and SEC issued their long-anticipated Resource Guide regarding the agencies’ FCPA enforcement. Over a year in the drafting, the 120-page Guide addresses, among other things, (1) the definition of a foreign official, (2) gifts and entertainment, and (3) the “hallmarks” of an effective corporate compliance program.
Last year the OECD issued a 65-page publication called 'Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas.