This article originally appeared on Professor Koehler’s FCPA Professor website (www.fcpaprofessor.com) and is reprinted with his permission. Transparency International – UK (TI-UK) recently published “Deterring and Punishing Corporate Bribery,” and it is worth reading. A meaty 93 pages, the document is full of useful information, from U.K. charging issues to corporate criminal liability principles under U.K. law to a [...]
With all the focus on the Senate’s FCPA hearing earlier this week, let’s take a break and go across the pond for the Friday roundup. Debarment and the Bribery Act, BAE’s upcoming sentencing hearing, and Royal interest in the SFO’s BAE investigation, its all here.
CCI tips its cap to Mike Koehler, who launched his FCPA Professor blog two years and six days ago. Congratulations on two great years. (And Mike regales us with his usual Friday roundup of FCPA news.)
Kenneth Clark has been appointed “as the United Kingdom’s new international anti-corruption champion.”
Among today’s Water Cooler stories: Swiss Parliament Approves UBS Treaty, Ends Standoff; Daimler Admits Bribing Ghana Military; Lawmakers Near Deal on Fed Governance.
Important Monday morning links from the world of GRC, including a study that describes how “better” corporate governance may have actually made banks riskier.
by John Russell — Managing Editor of Ethical Corporation
Public outrage at the rewards given to failed bosses could soon force boards to change the way executives are paid. Support is growing among shareholders for measures to stop bonus payments to directors who have driven their companies to the edge. Bonus clawback provisions are a way to do this.
In this week’s GRC blog roundup we head over to the Harvard Law School Corporate Governance Forum for a discussion on the new UK rules for disclosure of derivatives. Plus, Doug Cornelius from Compliance Building provides notes on Ethical Leadership.
Going against UK corporate governance guidelines, Stuart Rose is both the chairman and chief executive of Marks & Spencer. Rose is facing renewed calls for his executive chairman position to be split up in the best interest of Marks and Spencer.