For compliance officers wondering about Wells Fargo and their own companies and careers, here’s my advice. Put aside your personal politics or ideals and look deeply into your company’s core values.… Continue Reading
Posts Tagged: Peter Eigen
The FCPA Blog has been talking about the growth of global enforcement and compliance. That’s good. But let’s not forget the original principle of enforcement by business organizations themselves.
Simply put, if all companies refuse to pay bribes, the bribe takers are out of business.… Continue Reading
When a company suspects a competitor is going to pay bribes, the temptation is to do the same thing. Bribe takers encourage a bribery bidding war. They want the biggest bribe to win the business, not the best price, product or service.… Continue Reading
‘In the early 1990s, corruption was a taboo topic. Many companies regularly wrote off bribes as business expenses in their tax filings, the graft of some longstanding heads of state was legendary, and many international agencies were resigned to the fact that corruption would sap funding from many development projects around the world.’… Continue Reading