Editors

Harry Cassin
Publisher and Editor

Andy Spalding
Senior Editor

Jessica Tillipman
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

Shruti J. Shah
Contributing Editor

Russell A. Stamets
Contributing Editor

Richard Bistrong
Contributing Editor

Eric Carlson
Contributing Editor

Bill Steinman
Contributing Editor

In Nordic companies, it’s not common to speak up

A recent survey by the Nordic Business Ethics Network into how 1,500 employees in Finland, Norway and Sweden, perceive ethics at their workplaces reveal that over 90 percent value an ethical working place higher than a salary increase or a promotion.… Continue Reading

Even clean Nordics have continuing enforcement risk

In the 2016 Transparency International Corruption Perceptions Index released last week, Nordic countries again received the most favorable rankings. Yet, for the second year in a row, Transparency International’s website draws a negative example from the Nordics, citing a scandal involving members of the Danish parliament to illustrate corruption in European countries. 

Last year, Transparency International used a Swedish bribery investigation to show that countries with reputations for domestic compliance may have “dodgy records overseas.” The website noted that “just because a country has a clean public sector at home, doesn’t mean it isn’t linked to corruption elsewhere.”   

As signatories to the OECD, the Nordics have been subject to a series of reports and recommendations, all of which called on authorities to step up the investigation and prosecution of bribery abroad.… Continue Reading

Ericsson confirms FCPA probe

Image courtesy of EricssonSwedish telecom equipment maker Ericsson said in a statement posted on its website Friday that authorities in the United States have questioned the company about its anti-corruption program and the Foreign Corrupt Practices Act.… Continue Reading

Andy Spalding answers the call of nature

I have never found a culture that truly endorses straight-up bribery. There may be no culture which actually teaches that a suitcase full of cash privately given to an official in exchange for a benefit to which the payor is not legally entitled is a good thing, one that we should not deter even if we could. 

The debates about culture and corruption concern the margins of bribery — gift-giving, nepotism, etc.… Continue Reading

DOJ moves to seize $1 billion linked to Uzbek telecoms scandal

The U.S. Justice Department took another big step in its investigation of bribes allegedly paid by Russian and Swedish companies to the eldest daughter of Uzbek President Islam Karimov in exchange for access to the country’s telecoms market.​

The DOJ asked authorities in several European countries last week to freeze about $1 billion in assets tied to Gulnara Karimova and alleged bribes from VimpelCom and MTS of Russia and TeliaSonera of Sweden, the Wall Street Journal said.Continue Reading