OECD foreign bribery report : an analysis of the crime of bribery of foreign public officials.

How to prevent corporate scandals and fix good companies that do wrong The news media is replete with stories of corporate scandal, corruption and misdeeds. The need for effective crisis management and corporate governance strategies has never been greater. Broken Business explains why corporate scandals happen, what to do when scandals arise in your company, and how to prevent their future occurrence. Offering real-world anecdotes and solutions, this book details how corporations can mitigate the risk of scandal, reform corporate image and install structures to create a more ethical and profitable company. This insightful resource dispels common misconceptions of corporate misconduct and its causes through fascinating research into human nature, and compelling storytelling that demonstrates fundamental flaws in corporate culture. Author José Hernandez draws on decades of experience working with high-profile global corporations to present seven essential steps for transforming a company, including building a better culture, more effective compliance systems and re-focusing the strategy. This book allows you to: Examine current and highly publicized cases of corporate scandal and their impact on corporate credibility Employ practical methods to rehabilitate your corporation's public image Implement managerial frameworks to quickly address cases of misconduct Promote a culture of compliance and integrity to encourage good conduct in your corporate environment At its core, this book is a simple, engaging “how to” guide that offers practical advice on institutionalizing integrity in any organization. Broken Business: Seven Steps to Reform Good Companies Gone Bad is an essential text for leaders seeking a concise review at how things can go wrong, how to deal with scandal fallout and how to ultimately become a better company. Annotation Bribes are being paid across sectors to officials from countries at all stages of economic development. Corporate leadership is involved, or at least aware, of the practice of foreign bribery in most cases, rebutting perceptions of bribery as the act of rogue employees. Intermediaries, both agents and corporate vehicles, are used in most corrupt transactions while the majority of bribes are paid to obtain public procurement contracts. Corruption, and the perception of corruption, erodes trust in governments, businesses and markets. In the aftermath of the greatest financial crisis of our time, we need to rebuild that trust more than ever before. Corruption also undermines growth and development. On the one hand, businesses forego innovation and competitiveness for bribery. On the other hand, individuals within governments divert funds for their own personal use that should be used to promote the well-being of people. By ending impunity and holding corrupt people to account, we can begin to restore faith in institutions and industries. The OECD has an arsenal of legal instruments and recommendations for fighting corruption in its many forms, including through criminalising bribery in international business, promoting responsible business conduct, protecting whistleblowers and insisting on integrity and transparency in public procurement processes. This report endeavours to measure, and to describe, transnational corruption based on data from the 427 foreign bribery cases that have been concluded since the entry into force of the OECD Anti-Bribery Convention in 1999 Cover 1 Title Page 7 Copyright 8 Contents 13 About the Author 15 Preface 19 Acknowledgements 31 Part I Introduction 39 The Problem 57 Part II The Tale of Wind International 59 The Crisis at Wind 61 Analysing the Problems at Wind 83 Part III The Bigger Picture 99 Why the System Fails 101 A Path to Reform and Change 119 The Solution 139 Part IV The Steps to Address a Corporate Scandal 141 Step 1 – Understand the Crisis 143 Step 2 – Undertake an Independent Investigation 169 Step 3 – Define a Roadmap to Recovery and Remediation 185 Step 4 – Achieve Criminal and Civil Resolution 211 Part V Institutionalizing Integrity and Good Conduct 229 Step 5 – Strengthen Structures to Prevent, Detect and Respond to Misconduct 231 Step 6 – Reshape the Culture 265 Step 7 – Refocus the Strategy 295 A Recalibrated Sense of Leadership 323 Part VI Concluding Thoughts and Leadership Road 325 References 347 Index 349 EULA 354 The tale of wind international -- The bigger picture -- The steps to address a corporate scandal -- Institutionalizing integrity and good conduct -- Concluding thoughts and leadership roadmap This Report Measures The Extent Of The Crime Of Transnational Corruption, And Is Based On An Analysis Of Data Emerging From All Foreign Bribery Enforcement Actions Since 1999. Front Cover ; PREFACE; CONTENTS; ABOUT; KEY; ANALYSIS; CONCLUSIONS AND NEXT STEPS; NOTES; GLOSSARY; BIBLIOGRAPHY.