Posts Tagged ‘ anti-corruption ’

Bribery in the pharmaceutical industry

May 19, 2011
By
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…

Read more »

World Economic Forum Partnering Against Corruption Initiative

May 19, 2011
By
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…

Read more »

Public Integrity

May 19, 2011
By
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…

Read more »