The Magazine of Corporate Responsibility

Tag Archive for ‘Corruption’

Finance Reform Bill Could Increase Whistleblower Payouts

The legislation would require the Securities and Exchange Commission to award whistleblowers up to 30 percent of the fines collected by the government for providing “original information” regarding violations of securities laws. Based on some recent cases involving the U.S. Foreign Corrupt Practices Act, payouts could be in the tens of millions of dollars.

Enron on Broadway: No Accounting for Bad Behavior

“Enron” the play tries hard to stimulate, dazzle and entertain. The problem is that it tries too hard. In the process it dilutes the authentic drama and power of the story behind Enron the company, a real-life corporate tragedy that really needed no embellishment.

Report Cites “New Era” in Global Anti-Corruption Fight

Efforts to combat transnational bribery and corruption could be enhanced by the creation of a top level U.S. government task force with a mandate to develop diplomatic and other incentives for adoption of laws similar to the U.S. Foreign Corrupt Practices Act (FCPA), especially in developing countries, according to a new report published by The Conference Board.

Whistle-Blowing Found Effective in Targeting Corporate Misdeeds

Whistle-blowing by employees and insiders is a “useful mechanism” for uncovering corporate misbehavior, with clear economic and governance impact on the companies involved, according to a new academic study.

Daimler Agrees To Pay $185 Million to Settle Bribery Charges

The maker of Mercedes cars and trucks is the latest company dealing with fallout from violations of the U.S. Foreign Corrupt Practices Act. Transnational bribery and corruption are intensifying ethics and compliance concerns for companies doing business on a global basis as prosecutors pursue a record number of cases and penalties for offenses escalate dramatically.

VIDEO:Analyst Who Warned on Madoff Talks to Jon Stewart

Harry Markopolos, the analyst who tried in vain to persuade the Securities and Exchange Commission that Bernie Madoff’s investment company was a Ponzi scheme, is interviewed by Comedy Central’s Jon Stewart.

US Likely to Broaden Anti-Bribery and Corruption Efforts

“The U.S. government – and not just the Justice Department, but the U.S. government more broadly – is going to focus on international corruption in a more comprehensive and even more rigorous way than it has in the past,” said Mark Mendelsohn, the Justice Department’s lead criminal prosecutor for violations of the Foreign Corrupt Practices Act.

Catching Bad Guys: International Law Enforcement Ups the Ante

New agreements between the U.S., Europe Union and 56 European member states aim to make life more difficult for transnational criminals by making it easier for countries to extradite individuals charged with crimes and to jointly develop and share information.