It’s impossible these days not to notice the steady stream of news coverage on bribery and corruption scandals from the pages of financial papers like the Wall Street Journal and Financial Times into mainstream media and the blogosphere. Bribery allegations, prosecutions and record-setting fines, many of which involve corporate titans, are reported in the press […]
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Can bribes paid by private firms cause “social damage”?
Yes! It is possible that firm pays for the damages caused to a society at large when caught bribing governmental officials! This is the case now in Costa Rica where Alcatel-Lucent, the French-American communications company, agreed to pay US $10 million to the Costa Rican State as a compensation for the “social damage” provoked to […]
Anti-corruption conventions: A new fight
The anti-corruption movement and its partners are readying for their next battle in the fight against abuses and the disregard for transparency, integrity and accountability. Yet the location is not in a boardroom or in parliament, but in a convention centre in Doha, Qatar. Here, representatives from governments and civil society will be convening discussions […]
Cartelisation: blue collar corruption
The views and opinions expressed in this post are those of the author and do not necessarily reflect the position of Transparency International. “Our competitors are our friends, our customers are the enemy” is an actual statement made by an executive of Archer Daniel Midland, in the famous case of the lysine (a feed additive) […]
2009 Global Corruption Report: Corruption and the Private Sector
When asked what she wanted to be when she grew up, a 6-year old girl said she wanted to be a corrupt official, because they have so many things. After recovering from the shock of the little girl’s answer, the next question that arises is: how is it that these officials can accumulate so many […]
What is a ‘conflict of interest’?
The financial crisis is awash in so many specialised terms that their sheer number seems to rival the amount of bail-out money being doled out to shore up the faltering economy. One word that is constantly being bounced around, from the Bundestag to the White House, from Wall Street to High Street, is ‘conflict of […]
G8: Time to back up public commitments
Transparency International welcomes the 12 principles for a strong, fair and clean economy on the table in l’Aquila as long as they include strong monitoring mechanisms for effective implementation On the OECD 12 principles for a strong, fair and clean economy, we would urge G-8 leaders to put into practice the effective monitoring of the […]
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