August 26, 2009
FCPA and China: Teleconference on September 3.
China is, after all, this century's Wild West show. See Dan Harris's China Law Blog for details about a seminar next Thursday on the Foreign Corrupt Practices Act of 1977--and China. FCPA, enacted during the Jimmy Carter administration as an amendment to the Securities Exchange Act of 1934, and amended in 1998, prohibits (and makes a crime) bribery of foreign officials to obtain or retain business, and requires companies with securities listed in the U.S. to keep accurate records and effective internal controls.
Posted by Rob Bodine at August 26, 2009 11:59 PM
Why the title of "Wild West Show?" Because China hasn't learned to be civilized about its business practices as we have?
Posted by: Joe Marchelewski at August 26, 2009 08:17 AM
The Chinese are different from you and me, Ernest.
Posted by: Rob Bodine at August 26, 2009 09:06 AM