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CORRUPTION NEWS

FCPA successes still few and far between in SA

South Africa is one of numerous countries listed on an interactive online map of cases brought against and penalties paid by companies in Foreign Corrupt Practices Act (FCPA) cases. The FCPA is a US law that prohibits companies from securing or retaining business abroad by means of bribery. The map, titled Where the Bribes Are, Read more >

CORRUPTION NEWS

Anti-corruption, human rights efforts will converge in 2020

By Alison Taylor First published on the FCPA Blog In considering external operating risk, it has long been clear that corruption and negative human rights impacts correlate keenly. Underpaid doctors who require bribes before they will admit your child to a hospital immediately undermine your right to health. When an earthquake collapses buildings and causes Read more >

CORRUPTION NEWS

Lewis: Too few firms with good governance records

South Africa has some “excellent institutions”, such as the South African Reserve Bank, the National Treasury, financial regulators, the competition authorities, the JSE and the sophisticated justice system that are “keeping the country afloat”, said Corruption Watch executive director David Lewis, speaking at the Chartered Secretaries’ Premier Corporate Governance conference on Tuesday. Discussing the topic Read more >

OPINIONS

SA reputation tarnished by “brazen” Hitachi bribe

By Martin Kenney First published on Biznews.com The story of how electronics giant Hitachi bought political influence in order to win a $5.6-billion power station contract, calls into question not only the integrity of a massive company with a global reputation, but also the very integrity of the South African government. Moreover, a $19-million fine Read more >

CORRUPTION NEWS

Taking their dirty deeds abroad

The FCPA Blog, which focuses on enforcement related to the Foreign Corrupt Practices Act, has released its latest list of companies being investigated under the act. The blog has published this list since January 2011, and updates it regularly. The FCPA is a federal law of the US, and it applies to any person who Read more >

CORRUPTION NEWS

Nigeria: the beginning of the end for corruption?

By Janine Erasmus Every day organisations operating in new and emerging markets face the risk of getting involved in corruption – either they feel they should commit it to get ahead, or they try to avoid it and fear that they’ll be left behind. But is there a way to get ahead in business without Read more >