A Tale of Two Laws; Bribery Abroad  

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Jenis: Article from Bulletin/Magazine
Dalam koleksi: The Economist (http://search.proquest.com/) vol. 400 no. 8751 (Sep. 2011), page 60.
Topik: Regulatory Agencies; Bribery; International Trade; Politics; Business Ethics; Enforcement

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Perpustakaan Pusat (Semanggi) Nomor Panggil: EE29.68 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Bribing foreign officials is wrong, but not everything governments do to prevent it is wise or proportional. Firms are increasingly fed up with the way America's Foreign Corrupt Practices Act (FCPA) is written (confusingly) and applied (vigorously). The law was passed in 1977, but recent years have seen a spike in enforcement, from five actions in 2004 to 74 in 2010. Five of the ten biggest settlements ever were last year, including a $400m fine against BAE Systems, a British defence contractor, and a $365m fine against ENI, an Italian oil firm. On August 31st the Wall Street Journal reported that the Department of Justice has been investigating Oracle, a database-software company, for a year. Unusually, Oracle has said nothing about the investigation. Ethisphere, a promoter of corporate responsibility, rated Oracle one of the world's most ethical companies in 2009. Mike Koehler, a law professor at Butler University in Indiana, writes that General Electric, HP, AstraZeneca and others have all been among Ethisphere's "World's Most Ethical" while settling FCPA prosecutions or under investigation.

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