Anti-Corruption Programs – Why Businesses Need To Adopt Them Urgently

6 Pages Posted: 23 Apr 2018

See all articles by Alan Franklin

Alan Franklin

Global Business Risk Management

Date Written: April 17, 2018

Abstract

This article sets out business reasons why companies should develop and adopt anti corruption programs urgently. Usually companies are exhorted to develop such programs based upon reducing liability under the domestic foreign anti corruption laws, such as the Canadian Corruption of Foreign Public Officials Act or the American Foreign Corrupt Practices Act and for purposes of Corporate Social Responsibility.

There are also real business reasons in addition to the foregoing, such as improving profit potential, increasing stock price, reducing risks.

Keywords: Corruption, foreign corrupt practices, CFPOA, FCPA

JEL Classification: K2, K20, K33, K4, M1, M16, M48, F02, F2, F23

Suggested Citation

Franklin, Alan, Anti-Corruption Programs – Why Businesses Need To Adopt Them Urgently (April 17, 2018). Available at SSRN: https://ssrn.com/abstract=3164690 or http://dx.doi.org/10.2139/ssrn.3164690

Alan Franklin (Contact Author)

Global Business Risk Management ( email )

635 Blenkin Avenue
Parksville, British Columbia V9P 2K7
Canada
416 454 6133 (Phone)

HOME PAGE: http://www.gbrm.ca

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