FEAR OF FOREIGN BRIBERY CONVICTIONS RISES IN US BOARDROOMS
September 1st, 2012
BY KEITH NUTHALL
THE FEAR of conviction over beefed up foreign bribery rules is growing in the USA, a consultants' report is claiming, but scandals involving graft overseas continue. BDO USA released findings from a survey of 72 corporate directors of public companies with turnovers exceeding USD250 million. Of the 66% trading abroad, 32% said risks related to bribery of foreign officials had increased over the past two years. Of concern are tougher provisions and enforcement of laws such as the US Foreign Corrupt Practices Act and Britain's Bribery Act. This ...
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