ABOUT BRIBERYTo offer or provide payment in order topersuade someone with aresponsibility to betray thatresponsibility is known as seekingUndue influencePeddling influence
MORE ABOUT BRIBERY A bribe can consist of immediate cash or of personal favors, a promise of later payment, or anything else the recipient views as valuable.
CONSENSUS ON BRIBERY?There is not alwaysconsensus over whatconstitutes a bribe.
BRIBERY U.S. Law vs. Prevailing Global Law/Custom
THE FOREIGN CORRUPT PRACTICES ACTThe Foreign CorruptPractices Act (FCPA)makes it unlawful tobribe foreign governmentofficials to obtain orretain business.
BUSINESS PRINCIPLES FOR COUNTERING BRIBERYThe Business Principles forCountering Bribery is a usefuland current tool for companiesdealing with the challenge andrisks posed by bribery
BUSINESS PRINCIPLES FOR COUNTERING BRIBERYThe enterprise shall prohibit bribery in anyform whether direct or indirectThe enterprise shall commit toimplementing a program to counter bribery
BUSINESS PRINCIPLES FOR COUNTERING BRIBERY PROGRAM REQUIREMENTSAn enterprise should develop a program that clearly and in reasonabledetail, articulates values, policies, and procedures, to be used to preventbribery from occurring in all activities under its effective control.The program should be consistent with all laws relevant to counteringbribery in all the jurisdictions in which the enterprise transacts business.
BUSINESS PRINCIPLES FOR COUNTERING BRIBERY PROGRAM SCOPEScope of the program – the program shouldaddress the most relevant forms of bribery to theenterprise