In Uber’s first-ever SEC filing last week, it disclosed a two-year old FCPA investigation in five countries, including Indonesia and Malaysia.… Continue Reading
Uber Technologies, Inc. said Thursday the U.S. Department of Justice is investigating possible FCPA violations related to its activity in Asia.
According to Uber’s S-1 filing, the DOJ is investigating potential bribes in countries including Indonesia, Malaysia, China, and India.
In Indonesia, the ride-hailing company is being investigated for allegations of small payments to police, and “other potential improper payments.”
Here is the text from Uber’s S-1 filed April 11, 2019, courtesy of FCPA Tracker:
We received requests from the DOJ in May 2017 and August 2017 with respect to an investigation into allegations of small payments to police in Indonesia and other potential improper payments in other countries in which we operate or have operated, including in Malaysia, China, and India.… Continue Reading
The DOJ has taken “preliminary steps” to investigate if managers at Uber Technologies Inc. violated the Foreign Corrupt Practices Act, the Wall Street Journal said Tuesday.
The story cited as sources “people familiar with the matter” but didn’t name them.… Continue Reading
Last week I received a call from a multinational company concerned about activist shareholders targeting them for not yet achieving ISO 37001 Anti-Bribery certification.… Continue Reading
Dr. Alexander Stein: What corporate boards really need to consider when looking for a replacement CEO
Choosing a replacement chief executive is among the most consequential decisions a company’s board may ever tackle. Consider this new article which purports to detail what Uber should look for in a new CEO.… Continue Reading
As we near the year’s halfway point, I want to get in an early nomination for 2017’s Best and Most Important Blog Post.… Continue Reading
One really cannot argue with the success of the British cycling program. As noted in an editorial in the Financial Times, in the most recent three Olympics the team has won 38 medals, 22 of which were gold.… Continue Reading