Spotting, Stopping, and Combating Corporate Corruption

Nick Kochan and Robin Goodyear

Chapter 8 in Corruption, 2011, pp 152-187 from Palgrave Macmillan

Abstract: Abstract All companies face a risk of becoming involved in corruption. Corporate practice and policy needs to reflect and counter the dangers of involvement in corruption. This is important for stopping corruption, and can be of help to the company if bribery allegations arise. According to the UK Bribery Act and the US Foreign Corrupt Practices Act (FCPA), showing that a company has preformed due diligence and tried to prevent bribery can defend the company from charges that may be brought against it for an act of bribery carried out by an employee. As well as acting as a defense in court, trying to prevent bribery makes good business sense for a company and is the ethical thing to do. There are a number of basic steps that a company can take to prevent bribery. Often these steps will use existing features of a company’s operations, such as financial and auditing controls or pre-existing disciplinary procedures.1

Keywords: Business Partner; Internal Audit; Charitable Donation; External Audit; Business Contact (search for similar items in EconPapers)
Date: 2011
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-34334-4_9

Ordering information: This item can be ordered from
http://www.palgrave.com/9780230343344

DOI: 10.1057/9780230343344_9

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().