Stepped-up enforcement of the Foreign Corrupt Practices Act has corporate buyers wary of doing deals in emerging markets.
Sarah Johnson, CFO.com | US
February 15, 2011
The killjoy is corrupt practices, not the FCPA. Corrupt practices are bad for the company, bad for the shareholders and bad for the community where the company does business. Whatever short-sighted advantage a company may think it is getting will be overwhelmed by the loss of reputation as a bought company. The FCPA gives a company the lifeline it needs to resist the siren song of corrupt practices. It is good for the company, good for the shareholders and good for the foreign country.
Posted by James Schoettler | February 16, 2011 10:00 pm© CFO Publishing Corporation 2009. All rights reserved.