Harry Cassin
Publisher and Editor
Andy Spalding
Senior Editor
Jessica Tillipman
Senior Editor
Bill Steinman
Senior Editor
Richard L. Cassin
Editor at Large
Elizabeth K. Spahn
Editor Emeritus
Cody Worthington
Contributing Editor
Julie DiMauro
Contributing Editor
Thomas Fox
Contributing Editor
Marc Alain Bohn
Contributing Editor
Bill Waite
Contributing Editor
Russell A. Stamets
Contributing Editor
Richard Bistrong
Contributing Editor
Eric Carlson
Contributing Editor
Yasuhiro Sato, President and Group CEO, Mizuho Financial Group, Inc.The chairman of Mizuho Financial Group Inc., Takashi Tsukamoto, will leave his post in March following a scandal linking the lender to organized crime groups.
The OECD Working Group on Bribery has been setting global standards for fighting foreign bribery since the adoption of the Anti-Bribery Convention in 1997. Among these standards, the Convention requires Parties to establish systems of liability of legal persons and to provide that firms found guilty of foreign bribery are subject to “effective, proportionate […]
Health Net Inc. paid a $340,000 penalty Tuesday to the SEC for illegally using severance agreements that required outgoing employees to waive their ability to obtain monetary awards from the SEC’s whistleblower program.
[…] shows that countries Parties to the OECD Convention have come a long way since its signature in 1997. Under the peer-review monitoring process led by the Working Group on Bribery, previous evaluation rounds focused on domestic legislation and institutional framework. Phases 1 and 2 evaluated the adequacy and effective application of Parties’ legislations, while […]
This year’s annual report from the Integrity Vice Presidency (INT) of the World Bank Group report put Canada in the spotlight — specifically, our top court’s recent decision in World Bank Group v. Wallace. The case is seen as a significant acknowledgement of the unique role that multilateral institutions play in fighting corruption.
[…] 37 companies that settled enforcement actions since 2005, in which none of their personnel have yet been charged, are: AB Volvo AGA Medical Corp AGCO Ltd. Aibel Group Ltd. Akzo Nobel N.V. Avery Dennison Corp. BAE Systems PLC Bristow Group Inc. Chevron Corp. Con-way Inc. Daimler A.G. Delta & Pine Land Co. DPC (Tianjin) […]
PTC Inc. said the DOJ and SEC are still investigating “payments and expenses” by China business partners and employees that raise FCPA compliance concerns.
The G20 Anti-Corruption Working Group has issued recommendations for G20 leaders to support economic growth through transparent institutions and enforcement mechanisms that combat foreign bribery.
The private sector has long been a critical partner for the World Bank Group, providing necessary goods and services to countries in need while stimulating economies by creating new jobs. Business has benefited from World Bank Group-financed contracts and the enhanced image and credibility that come from working on projects that help the greater good.
On December 13, the OECD’s Phase 3 Working Group‘s report on Ireland’s implementation of the OECD Convention on Combating Bribery of Foreign Public Officials was published. The report is quite lengthy, but the executive summary is well worth reading.
