Bribery

• Bribery in international transactions is a barrier to trade and leads to unfair competition for honest companies.
  • Such payments can be very large.
  • This adds to the costs of contracts and rewards corrupt and often inefficient companies.
  • Bribery can also land you in a foreign jail.

• Your company should already have a written anti-bribery policy in effect.
  • If your company does not have such a policy, write it into the contract.
  • State in the contract that bribes are not to happen and should they occur it voids the contract.
  • Request from your partners a notarized annual certificate that no bribes were made.

• Guidelines for an anti-bribery policy may be found by visiting Transparency International.

• Rules of conduct to combat extortion and bribery may be found by visiting the International Chamber of Commerce.

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© 2004 - 2009 John Michael Pierobon

Notes