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"The business case for anti- corruption" by Jermyn P Brooks Chair of Business Advisory Board

"The business case for anti- corruption" by Jermyn P Brooks Chair of Business Advisory Board Transparency International Thomson Reuters, Anti-Bribery and Corruption Seminar September 25, 2011. Legal Risks. International Conventions (OECD and UNCAC)

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"The business case for anti- corruption" by Jermyn P Brooks Chair of Business Advisory Board

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  1. "The business case for anti- corruption" by Jermyn P Brooks Chair of Business Advisory Board Transparency International Thomson Reuters, Anti-Bribery and Corruption Seminar September 25, 2011

  2. Legal Risks International Conventions (OECD and UNCAC) Domestic and increasingly Foreign Bribery Time-consuming and costly investigations Company fines, revocation of licence, blacklisting Individual fines, imprisonment, exclusion from business activities

  3. Financial Risks Wasted costs Lost management effort e.g. expensive tendering Blackmail after first bribe payment Lack of legal remedies

  4. Reputational Risks Damage to credit standing Loss of trust from business partners Poor image in recruitment market Disaffection of employees By contrast: clean reputation protects against solicitation

  5. Commitment to anti-corruption Because it is the right thing to do it supports responsible business And saves money at the same time.

  6. Thank you! For more information go to: www.transparency.org TI’s website for private sector work: www.transparency.org/global_priorities/private_sector/

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