Not long ago, it took multimillion-dollar payments delivered by corporations to lofty government officials to trigger prosecution under the Foreign Corrupt Practices Act. These days, however, the government's treatment of bribery is far more complicated, and the stakes for companies are higher. Every company should work vigilantly to prevent inappropriate payments, whether in the guise of gifts, charitable contributions, grease payments or "corporate tipping," advises TRACE International's Alexandra Wrage.
Today, No Bribe Is Too Small
March 25, 2008