Proper due-diligence and carefully looking at the suspicious activity could help in the uncovering of potential corruption and bribery acts. This is why companies have procedures and policies in place, in order to avoid potential financial loss due to Securities and Exchange Commission Fines and legal investigations. As companies begin to explore other financial opportunities, particularly overseas, companies open the door to possible acts of bribery and corruption.
It is no secret that the Securities and Exchange Commission (SEC) has not lessened the amount of enforcement when investigating FCPA allegations. As we’ve seen in 2014, one of the largest collections of fines in recent history, the SEC has no intentions of slowing down its pressure on FCPA violators. As companies begin to expand globally, they are increasing their risk of exposure to corruption and bribery acts. For many companies, in order to expand business relations in other regions worldwide, they are required to work with agents that are within the local area.
Reading must be made a priority in order to prepare for the future
A topic that continues to surface in current theories of perception is the neuroscience of haptics—the science of how touch and tactile information is sent to our brains. As a designer, I’m especially intrigued with how this science impacts comprehension and what it means to us—as humans—to read ink-on-paper, versus absorbing content digitally. How does reading on a computer screen, laptop or mobile device differ from consuming print on paper? And, ultimately, how does the difference influence how we learn and what we learn, or even what we unconsciously choose to digest.
As corruption is becoming a bigger topic of discussion around the global community, private and public industries are becoming more innovative in their efforts on combatting such a threat. In other countries such as India, the corruption rate was seen climbing as officials and private industries would conduct business deals behind closed doors. India has been ranked high for corruption activity to occur but is seeing its fair share of methods to combat this.
What happens when a company, that is known internationally, is bribing officials in different countries to obtain contracts? You end up having a situation like Paris based company Alstom. Alstom is being charged with bribery and corruption charges that span over a 10-year period, affecting countries within Europe, Asia, and North America. Being recorded as the largest penalty in FCPA history, Alstom is required to pay a fine of $772 million dollars to cover its criminal charges of bribery. In an article written by Richard L.
By: Gary Lawrence, Vice President and Chief Sustainability Officer at AECOM
A number of initiatives, including the United Nations International Strategy for Disaster Recovery and the University of Notre Dame Global Adaptation Index, have been developing models to assess climate risk at various scales. The Organization for Economic Co-operation and Development has been trying to put numbers on the cost of adaptation. The journal Nature Climate Change recently published a paper entitled “Future Flood Losses in Major Coastal Cities” full of some very sobering numbers.
New webinar guides viewers through a conflict minerals audit
December 31, 2013 marked the end of the first reporting period for the SEC’s Section 1502 Conflict Minerals Disclosure Rule and the beginning of reporting and auditing concerns.
The rule requires publicly-held companies to disclose whether their products contain conflict minerals as defined by the law: tin, tantalum, tungsten or gold (3TG) originating from the Democratic Republic of the Congo (DRC) and specific adjoining countries.
Delegates have convened in Kigali, Rwanda to discuss the highly controversial mineral trade in the great lakes region. The sixth Summit on Responsible Mineral Supply Chains is organized by the International Conference on the Great Lakes Region (ICGLR), in partnership with the Organization for Economic Co-operation and Development (OECD), and the UN Group of Experts on DRC. Also in attendance at the summit are international watchdogs, Global Witness and the Enough Project who use the platform to debate and listen to those involved freely.