The result of convention on combating bribery

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Reference no: EM132214243

The result of the Convention on Combating Bribery of Foreign Public Officials in International Business Transactions was to

1- Make it obligatory for companies to adopt a zero-tolerance approach toward grease payments.

2- Make grease payments mandatory in order to obtain exclusive preferential treatment in a host nation.

3- Consider payment of speed money to be moral, but illegal.

4- Make bribery of foreign officials a criminal offense but not consider facilitating payments a criminal offense.

5- Make it mandatory for companies to adhere to the pollution control standards of their home country in all the nations in which they do business.

Reference no: EM132214243

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