Monthly Archives: May 2011

Bribery in the pharmaceutical industry

May 19, 2011
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Bribery in the pharmaceutical industry

Johnson & Johnson recently agreed to pay $21.4 million to the US Department of Justice and $7.9 million to the United Kingdom’s Serious Fraud Office for making improper payments and receiving illegal gains from its subsidiaries’ business practices in Greece, Poland and Iraq. Accused of violating anti-bribery laws, J & J was said to have…

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May ’11 – EC

May 19, 2011
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May ’11 – EC

Ethical business practices are not yet the norm, if the maelstrom of media attention is an accurate bellwether of trends. All levels of government from local to global are involved in some aspect of the discussion of anti-corruption compliance. A recent study by David Montgomery and Catherine Ramus in the Academy of Management Learning and…

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Corruption risk assessment

May 19, 2011
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Corruption risk assessment

Using your classroom teams in their online Wiki sites, have students conduct the following studies 1. Using the tools on the business anti-corruption portal website, conduct a corruption risk assessment for a corporate procurement program. Open a discussion forum on your CMS or Wiki-sites: Using a local business scandal from your region, discuss how you…

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World Economic Forum Partnering Against Corruption Initiative

May 19, 2011
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World Economic Forum Partnering Against Corruption Initiative

Alan Boeckmann, Chairman and CEO of Fluor Corporation joins the World Economic Forum’s Partnering Against Corruption Initiative (PACI) and explains that “fighting corruption makes good business sense.” Incentives to join this fight include financial, legal, ethical and socio-economic reasons. In this brief video clip, Boeckmann explains that the financial costs of corruption alone increase prices…

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OECD partners to encourage business honesty

May 19, 2011
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In this brief interview with Jens Berthelsen, CEO Global Advice Network, issues of corruption in emerging countries are explored. Berthelsen states that until 2000, bribery was an accepted and tax deductible practice in all OECD countries. He states that corruption is the biggest business killer in emerging countries. The development of gray sector business in…

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Graphical dictionary

May 19, 2011
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Graphical dictionary

Satisfactory online search and writing share the underlying need for a good choice of words. Visuwords is a free, online tool that graphically presents dictionary and thesaurus options based upon Princeton University’s WordNet. The keyword is represented in relation to its nodular network, called a synset . These synsets contain nouns, verbs, adjectives and adverbs…

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Corruption risk management

May 19, 2011
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Corruption risk management

  Global Advice Network, a private Danish consultancy firm, in partnership with seven countries’ Ministries of Foreign Affairs has developed a set of managerial decision tools for SMEs who are currently doing business in emerging markets or are considering entering these markets. The tools include: country profiles, due diligence, integrity system, specific information on anti-corruption…

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A new take on social venturing models

May 19, 2011
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A new take on social venturing models

Sparked, a micro-volunteering network, provides online opportunities for “buyers and sellers” to meet and negotiate a service contract. Their unique “challenge-matching engine” offers a selection of non-profit organization needs personally adapted to registered service providers. The listed needs are short term projects, designed to take less than two hours for completion. While the current fee…

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Public Integrity

May 19, 2011
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Public Integrity

Johnston purports that national rankings of corruption do not “illuminate corruption problems in detail.” Because corruption often is measured based upon surveys of business people, officials, and even citizenry, the results are opinion-based. There is no accepted international standard measure, such as the GDP, for corruption. He states that there needs to be an objective…

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Global corruption in oil, gas and mining industries

May 19, 2011
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Global corruption in oil, gas and mining industries

Out of 178 countries responding to the annual corruption index published by Transparency International, business leaders ranked the oil, gas and mining industries as the most corrupt. The perceived level of corruption in the US increased between 2009 and 2010. The oil, gas and mining industries contained the most bribery and were shown to be…

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