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How Bribery and Other Types of Corruption Threaten the Global Marketplace : 

How Bribery and Other Types of Corruption Threaten the Global Marketplace

Slide 2: 

In Turkey, the apartment buildings that collapse during earthquakes are known as “bribe buildings.” In Africa, bridges dot the landscape with no roads to connect them

Bribery, of course, is the most widespread form of corruption, and corporate strategies for dealing with bribe requests vary : 

Bribery, of course, is the most widespread form of corruption, and corporate strategies for dealing with bribe requests vary

The ‘Corruption Perception Index’ : 

The ‘Corruption Perception Index’ In the 2002 index, Finland scored a 9.7, the United Kingdom came in at 8.7 and the U.S. earned a 7.7. With 70 of 102 countries scoring 5.0 or lower, however, the index shows that business people believe bribe requests are likely to be made in more than two-thirds of the nations examined. These countries include some of the world’s biggest: China, which scored 3.5; India, 2.7; Indonesia, 1.9; and Pakistan, 2.6. Bangladesh had the lowest score of 1.2.

"The Role of Slush Funds in the Preparation of Corruption Mechanisms" : 

"The Role of Slush Funds in the Preparation of Corruption Mechanisms" "Slush funds are obtained from a joint stock company's finances, carefully managed so that the amounts involved do not appear on the balance sheet. They do not necessarily have to consist of money, but can also take the form of stocks and shares or other economically valuable goods (works of art, jewels, yachts, etc.) It is enough that they can be used without any particular difficulty or that they can be transferred to a third party. If a fund is in the form of money, it is not even necessary to refer to it outside the company accounts, since it can appear in them in disguised form (the 'accruals and deferrals' heads are often resorted to for the purpose of hiding slush money). In light of this, it is not always correct to regard it as a reserve fund that is not accounted for in the books. Deception, trickery or forgery of various kinds are often resorted to for the purpose of setting up a slush fund."

The Shadowy World of International Finance : 

The Shadowy World of International Finance These Fausts roughly belong to four tribes: The Shoppers The Con-Men The Launderers The Investors

Siemens scam : 

Siemens scam

Strategies for Saying No : 

Strategies for Saying No Corporations,, must create a corporate culture that doggedly refuses bribe requests and establish clear corporate codes that employees unwaveringly adhere to. They must also assure managers that the company will back them when they refuse to pay. “A company would be foolish not to develop two general strategies, one for dealing with bribe demands and another for dealing with competitors who offer bribes,” he says. “The potential, in terms of criminal liability, skewed relationships, lost contracts, disqualification from government contracts, loss of reputation and so on is simply too great to ignore.

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