The Institute of Business Ethics has expanded its Ethics at Work survey to cover Australia and New Zealand (in addition to Europe), and surveyed over 2,000 employees to provide insight into employees’ views on ethics across all sectors and job roles.… Continue Reading
New Zealand, ranked the least corrupt country in the world, has cancelled hundreds of drivers licenses after an investigation revealed widespread bribery involving driving tests.
Three officials at the New Zealand Transport Agency (NZTA) allegedly took bribes from 350 drivers.… Continue Reading
A headline in the Washington Post on August 3, 1979 said: “Justice Department Wins First Victory Under Foreign Corrupt Practices Act.”
The story started this way:
The Justice Department unit set up to prosecute American corporations that make payoffs to foreign officials won its first court victory here yesterday: a guilty plea by the New York firm that distributes the postage stamps of Cook Islands, a tiny country 1,800 miles off the coast of New Zealand.… Continue Reading
One of the world’s biggest gold miners said in a securities filing Wednesday it is investigating some business activities in countries outside the United States.
Colorado-based Newmont Mining said the investigation includes a review of compliance with the requirements of the Foreign Corrupt Practices Act.… Continue Reading
Last month, the Scottish Court of Session Outer House delivered a decision that illustrates the pitfalls that await executive shareholders implicated in commercial bribery.
The case concerned whether or not the affairs of a transport and liquid freighting company were being carried on in an unfairly prejudicial manner to the interests of the former chief executive and associated shareholders. … Continue Reading
Internal emails leaked from Australia’s Leighton Holdings warn that a $24 million “facilitation payment” linked to a 2010 Iraq contract would “attract attention” from auditors.
Other emails talk about plans by senior employees to make payments to “friends” in the Middle East and to inflate and backdate contracts to win work in Iraq, the Financial Review reported Monday.… Continue Reading
New Zealand’s Justice Minister Judith Collins has endorsed an anti-corruption bill to deter domestic and international organized crime that would require banks to report international wire transfers of more than $1,000.
New Zealand has ranked best for eight straight years on TI’s corruption perceptions index. But that spotless reputation has been tarnished lately by bribery scandals in business, politics, and sports.
Several top cricket players faced bribery allegations last week for alleged rigging of games in two English county matches in violation of England Cricket Board’s anti-corruption code.… Continue Reading
It is that time of the year again. Transparency International released its 2013 Corruption Perceptions Index (CPI) today. The CPI, which is the most widely used indicator of corruption worldwide, measures the perceptions of public sector corruption.… Continue Reading