Entries in B20 (4)
When a company suspects a competitor is going to pay bribes, the temptation is to do the same thing. Bribe takers encourage a bribery bidding war. They want the biggest bribe to win the business, not the best price, product or service.
At this year’s B20 Summit, held last week in Sydney, 400 business leaders laid out a blueprint to promote global economic growth and employment outcomes and make the global economy more resilient to deal with future shocks.
The former director of the UK Serious Fraud Office, Richard Alderman, shared with the FCPA Blog a Preliminary Study (pdf here) conducted by the B20 Task Force on Improving Transparency and Anti-Corruption that focuses on regulatory developments that could enhance the private sector's role in fighting global corruption.