[translate] aDetails please refer to the Anti-Bribery Policy (section: Third Parties). 细节参见反贿赂政策 (部分: 第三方)。[translate]
Any employee, agent, consultants, business partner and/or intermediary who violates this Policy may also be in violation of Anti-Bribery and Anti-Corruption Laws and may be subject to criminal prosecution with the imposition of fines and/or jail time, if found guilty. The Company and its subsi...
Perlman and Sykes (2017) studied the US anti-bribery policy—the Foreign Corrupt Practices Act (FCPA)—by conducting interviews with corporate and legal practitioners that offer perhaps the most complete description of how invoking anti-bribery laws can help companies avoid bribe requests. They repor...
U.K. Bribery Act ENTITIES DOJ - Department of Justice SFO - U.K. Serious Fraud Office COUNTRIES United Kingdom USA Quick Look at 2020 Policy Changes In recent years, there has been a whirlwind of anti-corruption-related policy changes and updates, making it sometimes difficult to keep tr...
Sample 1 Based on 1 documents Save Copy Anti-Bribery.Corruption Policymeans the anti-bribery and corruptionpolicy ofthe Supplieras may be communicated tothe Distributorand amendedfrom time to timeby the Supplier;Applicable Lawmeans all national, state, local andmunicipal legislation, regulations, statu...
briberymediating effectThe literature about the influence of country corruption on corporate cash holdings is not conclusive as there are studies supporting both a positive and negative relationship. To better explain this relationship, our study introduces a corporate-level mediating variable, i.e. the...
Drawing upon institutional theory, we investigate how companies react to coercive pressures which impose anti-corruption disclosure practices. We adopt the
The most relevant policy documents for corporate anti-foreign bribery enforcement and settlement negotiations are set out in Table 1. Table 1. Key documents for FCPA enforcement. US Attorneys' Manual (USAM), 9–28.000 – Principles of Federal Prosecution of Business Organizations Internal DOJ ...
Shleifer and Vishny (1994) discovered that when the goals of politicians and enterprises do not align with those of maximization of social welfare, result of bribery mechanism is by no means optimal. Wei (1997, 2000) believes that corruption has a tax effect, which weakens foreign investment ...
Our sample begins in 2010 to eliminate the negative shocks of the 2008 global financial crisis and its impact on firms' cash holdings. We close our sample in 2015 so that we have a symmetry window of 2 years before and after the implementation of the anti-corruption policy in late 2012. ...