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May 04, 2009

Global bribery: Getting a consensus there, too.

Last month, during Obama's trip to Europe, Ben Heineman, Jr., former general counsel at General Electric for many years, and now a fellow at the Kennedy School, wrote "G20 Fails to Take on Global Bribery" at a Harvard Business Review blog. Excerpt:

Unfortunately, the summit failed even to mention the pernicious protectionism created by developed nations' failure to enforce the OECD Convention on Combating Bribery of Public Officials, ratified in 1999. This Convention, building on the the United States' Foreign Corrupt Practices Act, required the 34 signatory nations (now 37) to pass laws which made bribery by their multinational corporations in foreign nations (especially the developing world) illegal.

Posted by JD Hull at May 4, 2009 08:50 PM

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