Anti-Corruption Programs – Why Businesses Need To Adopt Them Urgently
6 Pages Posted: 23 Apr 2018
Date Written: April 17, 2018
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: Suggested Citation