TITLE

THE BRIBERY ACT

AUTHOR(S)
Syedain, Hashi
PUB. DATE
April 2011
SOURCE
People Management;Apr2011, p24
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article discusses the role of the British Bribery Act in improving British firms' international competitiveness. The law will ban facilitation payments or payments often made to low-ranking officials to speed up the provision of legitimate services. It will also hold a company liable for bribes paid by its joint venture partners or agents even if they are made without the company's knowledge. The law will also criminalize acts of hospitality that are given with the goal of winning a financial advantage.
ACCESSION #
61907072

 

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