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Results for bribery. Search took 0.09 seconds.
Anti-corruption body slams major export countries
in Sox First, on June 25, 2009
...arency International has condemned some of the world's biggest exporters for failing to tackle bribery corruption. In its latest report , the anti-corruption body said some of the world's w...
Outsourcing safely
in The CIO Weblog, on January 9, 2009
Implicit in the conflation of agile operations with fragile support is a requirement that your users have access to services which are at once flexible and scalable and which are also efficient for your business to provide. When you put those three words together, the next thing you come to is i...
Looking in the Mirror and Seeing Your Ethics Smiling Back at You
in Biz Plan Hacks, on December 29, 2008
...uker's Ethics of Prudence and declared it "timely" in light of recent events like the bribery scandal at Seimens and Bernard Madoff's Ponzi scheme.
I like Druker's complaint abo...
Bribe payers index
in Sox First, on December 10, 2008
...rom those places will sling the odd bag of money if it suits them. Clearly, the attempts to rein in bribery are not completely successful....
Britain moves on bribery
in Sox First, on November 28, 2008
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Britain's bribery laws are finally set for an overhaul withe Law Commission bringing in a set of proposals that would make Britain's enforcement standards more like the US. Under the pr...
The Siemens saga rolls on
in Sox First, on November 19, 2008
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The Siemens bribery saga rolls on with two former managers confessing their crimes and likely to receive suspended sentences. The pair took the illegal payments and established a secret accounting...
Siemens' bribery bill
in Sox First, on November 10, 2008
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How much does bribery cost a company? Siemens has announced it has set aside 1 billion Euros ($US1.3 billion) to settle the case with authorities in the United States and Germany. "The com...
Britain is a laggard on bribery
in Sox First, on October 27, 2008
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The Organization for Economic Cooperation and Development's (OECD) working group on bribery has published a special review of the UK's record in fighting foreign bribery and it's not...
BAE - more bribery allegations
in Sox First, on October 1, 2008
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Defense contractor BAE Systems is reeling from allegations that it was involved in bribery and corruption in relation to the Al-Yamamah arms contract with Saudi Arabia. As a result, the Financial...
KBR bribery case goes deep
in Sox First, on September 5, 2008
The former chief executive of Halliburton spin-off US construction firm KBR, Albert Stanley, is facing seven years in the slammer after pleading guilty to charges of corruption relating to Nigerian deals, according to news reports . But this case could extend deep into Dick Cheney's old...
OECD slams Britain on failure to fix corruption
in Sox First, on August 18, 2008
...mic Co-operation and Development member-states slamming London's failure to deal with corporate bribery. The Financial Times reports it has seen a letter from the OECD's anti-bribery workin...
BAE and Mugabe
in Sox First, on August 5, 2008
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Only a few weeks ago, I did a blog entry on how the BAE-Saudi bribery scandal was getting worse. Just how much worse? Well, now we have the Financial Times reporting linking the armaments mak...
First Siemens conviction
in Sox First, on July 28, 2008
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The first Siemens manager has been convicted in the trial into the engineering group's bribery and corruption, according to the latest news . Reinhard Siekaczek (pictured above) has been giv...
BAE scandal widens
in Sox First, on July 11, 2008
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Arms dealer BAE might be vowing to clean up after the Saudi bribery scandal but trouble is not going away. Swiss authorities have expanded their investigations into BAE following allegations ...
BAE vows to clean up
in Sox First, on June 30, 2008
...al standards in the wake of the Woolf Report into the company's ethics following allegations of bribery and corruption, and the Serious Fraud Office's controversial decision to abandon an inve...
Losing the anti-bribery fight
in Sox First, on June 24, 2008
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About 10 years after the OECD Anti-Bribery Convention, and it looks like the battle against corruption is going nowhere. According to a Transparency International report , has found that mor...
Siemens case expands
in Sox First, on June 20, 2008
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The Siemens bribery scandal gets wider and wider. Now we have reports that the bribe money was distributed through a German company owned by three banks. Needless to say, the banks have all...
BAE: The net closes
in Sox First, on June 5, 2008
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The intrigue surrounding the BAE-Saudi bribery scandal continues with the Financial Times reporting that a third man, BAE's business development director Alan Garwood has been issued wit...
Siemens probe to widen?
in Sox First, on May 26, 2008
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If Siemens executives thought the fallout from the bribery scandal was about to go away, they should think again. It's likely to get worse with the trial starting today of former executive Rei...
Zeroing in on BAE
in Sox First, on May 22, 2008
The US Department of Justice is flexing its muscles with the unexpected detention of BAE chief executive Mike Turner and another executive at George Bush International Airport. The DOJ is investigation BAE for alleged corruption and if found guilty, the company could be forced to repay billions ...
News from the FCPA front
in Sox First, on May 16, 2008
... reports that the US Justice Department has started targeting inidviduals, not just companies, for bribery and corruption. This is quite strategic. It not only puts the heat on individuals, but it al...
Global corruption on the rise
in Sox First, on May 14, 2008
... which shows that one in four executives around the world has experienced at least one incident of bribery or corruption in the last two years and 23 per cent admitted their organisation had been app...
Siemens: from bad to worse
in Sox First, on May 1, 2008
...ngs are sliding , down 67 per cent, because of project delays, cancellations and costs flowing the bribery investigation. Siemens latest woes coincide with a report from international law firm De...
BAE-Saudi appeal
in Sox First, on April 24, 2008
... ruling in London overturning the British government decision to drop an investigation into alleged bribery and corruption in a major deal between arms maker BAE Systems and Saudi Arabia. Now we have...
Samsung chief indicted
in Sox First, on April 17, 2008
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In the past, I have looked at Samsung's bribery scandal and allegations that samsung chairman Lee Kun-hee set up a $225 million slush fund to buy art for his art museum director wife. ...
Siemens saga rolls on
in Sox First, on April 15, 2008
...proof of that with The Wall Street Journal reporting that German prosecutors have broadened their bribery investigation to include the power transmission business and warning that other units of Sie...
BAE bribery fallout
in Sox First, on April 14, 2008
...cision in London overturning the British government decision to drop an investigation into alleged bribery and corruption in a major deal between arms maker BAE Systems and Saudi Arabia. The Serious ...
More Siemens woes
in Sox First, on March 20, 2008
...period for Siemens' new boss Peter Löscher. He is trying to clean up the company following the bribery scandal but has been forced to issue a surprise profit warning because of delays to project...
The Siemens clean up
in Sox First, on March 6, 2008
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Siemens says it's making progress rooting out corrupt practices in the fall-out from its bribery scandal. Siemens general counsel Peter Solmssen has told The Wall Street Journal that a speci...
Daimler's new compliance officer
in Sox First, on February 20, 2008
...act. It might have taken two years but better late than never. But it does go to show that foreign bribery allegations are going to become more of a problem for companies right around the world. Ther...
Saudi and BAE threats: drop the corruption probe
in Sox First, on February 15, 2008
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The BAE bribery scandal grows grubbier by the day. As the Guardian reports, secret files show that Saudi Arabia's rulers threatened to make it easier for terrorists to pull off anothe...
BAE-Bandar blues
in Sox First, on February 12, 2008
...di Arabia , the former Saudi ambassador to the US, has been one of the key figures in the BAE-Saudi bribery scandal. One of the biggest allegations was that Britain's Ministry of Defense knew of a...
FCPA prosecutions to increase
in Sox First, on February 8, 2008
...ommission. The Organisation for Economic Co-operation and Development is now updating its 1997 anti-bribery convention. That should be completed in March. But most European companies remain either un...
The BAE makeover
in Sox First, on February 1, 2008
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BAE - it might stand for Bribery Allegations Everywhere - has been pilloried for secretly paying Prince Bandar of Saudi Arabia more than £1bn ($US1.98 billion) in connection with Britain's bigg...
Siemens fine to wipe profits
in Sox First, on January 22, 2008
...and is on top of the 201 million euro ($292 million) fine it received in October in connection with bribery activities in its communications equipment business. Reuters reports that the company exp...
The Siemens money trail
in Sox First, on December 28, 2007
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Siemens continues to try to clean itself up and move on from the bribery scandal but the elaborate money trail suggests it's not going to be that easy. Last week, the company sacked Siemens ...
Alcatel pays fine to settle bribery claim
in Sox First, on December 27, 2007
... continues with Alcatel-Lucent agreeing to pay $2.5 million to settle charges that it violated anti-bribery laws by footing the bill for hundreds of sight seeing trips taken by Chinese officials. All ...
Siemens and the SEC
in Sox First, on December 18, 2007
...ng group Siemens AG today met with the US Securities and Exchange Commission in connection with the bribery scandal at Siemens. At the meeting, CEO Peter Loescher and , CEO and supervisory board chair...
Bribery update
in Sox First, on December 11, 2007
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Interesting developments in the two big corporate bribery cases, Siemens and BAE Systems. The heat is on both companies and despite their best efforts, it's not going away. First to BAE and we...
Corruption on the rise
in Sox First, on December 10, 2007
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About one in 10 people around the world had to pay a bribe in the past year and reported bribery has increased in some regions, such as Asia-Pacific and South East Europe. Bribery is particularly w...
Samsung bribery scandal and Korea Inc
in Sox First, on December 5, 2007
...lobbied key public officials. There is also the allegation that chairman Lee Kun Hee masterminded a bribery network and paid out millions to facilitate the illegal transfer of a controlling stake in t...
Watchdogs warn about funds
in Sox First, on November 3, 2007
...an ongoing federal investigation regarding possible defrauding of the government and accusations of bribery." Still, they shouldn't hold their breath. Both groups have strong political conne...
Paid Links Minus Google Punishment
in The Search Engine Weblog, on October 13, 2007
...e a thing for you. Paid links will boost your search engine optimization results.
No black hat. No bribery. No dirty tricks. No less than pure business. These are some of the legit ways to ensure cle...
Siemens fined, more to come
in Sox First, on October 5, 2007
...suspicious transactions rising to about €1.6 billion ($US2.26 billion), this case of appalling bribery is not going away. The European law enforcement agency, the U.S. Department of Justice and the Se...
Fraud a growing problem
in Sox First, on September 27, 2007
... interest, financial mismanagement, internal financial fraud, procurement fraud, and corruption and bribery, according to a report by Kroll in conjunction with the Economist Intelligence Unit. Thef...
Selling SOA to the business
in The CIO Weblog, on September 26, 2007
...s break out some bells and whistles and use them on execs who are susceptible to the toys and candy bribery that sort of thing entails, but if you are trying to seriously convince serious business exe...
Siemens smell continues
in Sox First, on September 26, 2007
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Caught up in those bribery and corruption allegations involving hundreds of millions of Euros, Siemens is desperately trying to move on. Next week, Peter Solmssen will become the board's g...
Vesting in social change
in Audeamus - How dare we..., on September 24, 2007
...uite cut it on human rights, and the final quarter (mostly Japanese companies) failed on countering bribery, and two retailers (J C Penney and Target) fell short on supply chain labor standards, with ...
More heat on Siemens
in Sox First, on September 6, 2007
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The Siemens group might have new leadership but the bribery scandal is not going away with reports that that US Securities and Exchange Commission is now putting pressure on the German government...
Military contractors and corruption
in Sox First, on August 17, 2007
...attention was drawn to Scott Henson's Grits for Breakfast blog which recently ran a corporate bribery survey. According to the survey, 61 per cent of respondents felt that corporations engaging...
Monster BAE profits
in Sox First, on August 9, 2007
Who cares about corruption allegations? British defence and aerospace company BAE Systems has reported a higher than expected 19 per cent rise in first half profits, driven largely by its expansion into the US. A little matter of endless war in Iraq and conflict in Afghanistan have also boos...
SOX and fraud
in Sox First, on July 23, 2007
...ese are aiding & abetting; manipulation of A/R; asset misappropriation; manipulation of assets; bribery & kickbacks; manipulation of expenses; goodwill; manipulation of liabilities; improper d...
Efforts to control bribery failing
in Sox First, on July 19, 2007
...ency International Progress Report on OECD Convention Enforcement suggests that the battle against bribery and corruption has run into a brick wall. The report blames it on a lack of political will....
No progress at Siemens
in Sox First, on July 4, 2007
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Siemens ' efforts to extricate itself from this bribery mess is going nowhere fast. Daniel Noa, the man who was put in charge of investigating the scandal only six months ago has quit, aft...
BAE paid for luxury honeymoon
in Sox First, on June 21, 2007
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The BAE bribery scandal gets murkier and murkier with revelations that the arms merchant secretly paid nearly £250,000 ($US498,00) for a honeymoon for the daughter of Prince Bandar, the Saudi Ar...
BAE: the scandal that won't go away
in Sox First, on June 14, 2007
...rs," writes Jenkins. "If the legal position of the British government as complicit in the bribery is untenable, its moral position is laughable. It has inflated the price of an export to win...
Fraud and SOX failure
in Sox First, on June 13, 2007
.... They are also reporting increases in increases in incidents of expense and reimbursement schemes, bribery and economic extortion, according to the Oversight Systems annual report on corporate fraud...
European whistleblowing
in Sox First, on June 6, 2007
...0 Western European employees believe their employers would not protect them if they reported fraud, bribery or corruption, according to an Ernst & Young survey. The survey of workers in 13 coun...
More trouble ahead for Siemens
in Sox First, on May 30, 2007
siemens new chief Peter Loescher has his work cut out. German's biggest and most venerated company, now embroiled in scandal over bribes and under-the-table payments, has for the first time brought in an outsider to get the house in order. Things are pretty desperate when you have to br...
Go to jail: a corporate executive survival guide
in Sox First, on May 23, 2007
...face federal charges of stock-option backdating, conspiracy, securities fraud, money laundering and bribery. Yes, it's a long way to fall. One day you're a corporate high-flyer with the world...
Siemens corruption: how far does it extend?
in Sox First, on May 11, 2007
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The Siemens bribery scandal continues to deepen. The company is in the unusual position of seeing its reputation getting trashed and at the same time, its profits are rising. So are Siemens' ...
Duel in the desert: Sahara lawsuits
in Sox First, on May 7, 2007
...lawsuits and the accusations are flying thick and fast. Cussler has accused the Sahara producers of bribery and Crusader Entertainment has accused Cussler of inflating his book sales. Watch this sp...
Ethics in international business
in Sox First, on May 1, 2007
This year, we've seen Siemens being investigated for graft and corruption and Chiquita Brands getting fined $25 million slinging cash to paramilitaries in Colombia. And we're only four months into 2007. How does a business steer an ethical course when expanding overseas? It&...
The Siemens scandal: another one bites the dust
in Sox First, on April 27, 2007
...mens chairman Heinrich Von Pierer announced he was stepping down in the wake of investigations into bribery and slush funds, we have Klaus Kleinfeld announcing that he won't renew his contract w...
Siemens scandal claims another scalp: chairman resigns, more to come?
in Sox First, on April 20, 2007
... bowed to the inevitable and announced he is stepping down . He has denied responsibility for the bribery scandal, even though it happened on his watch, and his resignation is more about damage cont...
German corporate governance and the Siemens saga
in Sox First, on April 12, 2007
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More fallout from the Siemens bribery scandal. The heat is on former Siemens chief executive Heinrich von Pierer to step down as chairman, according to the latest news reports . The pressure is ...
Siemens scandal deepens
in Sox First, on March 28, 2007
... Spiegel sheds more light on these revelations. If these guys were telling the truth, then bribery was part of the company culture. And if that's the case, Siemens' top brass will pro...
Bribery costs Siemens
in Sox First, on March 20, 2007
...ens has been forced to put more money into its joint venture with Nokia because of delays linked to bribery investigations and to cover any future damages claims, reports Forbes . This is very much ...
Siemens woes get worse
in Sox First, on February 13, 2007
...#39;s now broadened with reports that the company has identified individual incidents of apparent bribery at three other divisions as part of its investigations into an expanding corruption scandal ...
Corporate Germany's dirty business
in Sox First, on January 31, 2007
...many was on trial last week. First, a former Volkswagen executive, Peter Hartz, was convicted of a bribery and prostitution probe into the company. The full story from Bloomberg . Meanwhile in Muni...
