But, as cynics may argue, it does not address the systemic weaknesses in international anti-bribery efforts, namely inconsistent enforcement by exporting states.
Few people realized that John Hancock was a sponsor of the Olympics before the bribery scandal involving the International Olympic Committee surfaced in late 1998.
The findings are consistent with headlines implicating companies around the globe in a wide range of wrongdoing, including electronics giant Siemens (bribery), York International, now part of Johnson Controls (foreign corrupt practices), Beazer Homes (accounting irregularities) and Biomet (kickbacks to doctors).
The findings are consistent with headlines implicating companies around the globe in a wide range of wrongdoing, including electronics giant Siemens (nyse: SI - news - people ) (bribery), York International, now part of Johnson Controls (nyse: JCI - news - people ) (foreign corrupt practices), Beazer Homes (nyse: BZH - news - people ) (accounting irregularities) and Biomet (kickbacks to doctors).
Eight international construction companies have been charged with bribery in Lesotho after they allegedly paid bribes to win contracts for a multi-million dollar dam project.
It explored a number of initiatives, and in 1997 helped launch the Organisation for Economic Co-operation and Development's (OECD) Convention on Combating Bribery of Foreign Public Officials in International Business Transactions.
Mark Pieth, the chairman of an OECD working group on bribery, warns that British firms might face international sanctions if the delays continue.
Please note: The author is the president of TRACE International, a non-profit business association dedicated to anti-bribery compliance.
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But in March 2005 USA Today reported on Langley's sordid past: In 1999 he had pleaded guilty to conspiracy to commit wire fraud and commercial bribery in connection with a penny stock called Pollution Controls International.
Transparency International, a watchdog, rates 21 of the 38 countries that have signed the OECD's anti-bribery convention as weak enforcers, including Mexico.
The committee generally refrained from making pronouncements on former News International executives who are among roughly 40 people arrested as part of a massive British criminal probe into phone hacking, bribery, obstruction of justice and computer hacking.
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