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Corruption: The New Corporate Challenge [Hardcover]

Nick Kochan , Robin Goodyear
5.0 out of 5 stars  See all reviews (3 customer reviews)
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Book Description

20 Sep 2011
Concerns about corruption have advanced rapidly up the list of priorities for companies throughout the world. Today, firms of every size are under particular pressure as the recently passed UK Bribery Act places some onerous obligations on their directors and employees.

Now, for the first time, corporate strategy and responsibility have been analysed in the context of the new law, as well as that of previous statutes and the law of other countries. This book provides a clear and comprehensive introduction to the new legal and political landscape and examines future
issues in compliance and enforcement.

Corruption: The New Corporate Challenge surveys the roots of corruption, outlines worldwide efforts to combat the problem, and explores enforcement and policy choices for businesses faced with a new international environment that is ever more hostile to corruption

Numerous case studies and practical compliance tips provide businesses with the knowledge needed to operate in high-risk industrial sectors and geographical regions. The authors have conducted extensive interviews with senior figures in law enforcement, academics and lawyers to explore likely developments in the law, and predict how it might be enforced.

This book is essential reading not only for businesses that seek advice on tailoring compliance regimes but also for those wanting a deeper context to the global crackdown by governments and the courts on corruption. This is a subject that no corporation can avoid.

The strongest response to the new challenge is for a company to re-evaluate its ethical standards and to impress those standards upon its employees and associates. Failure to do so could be very costly indeed.

Frequently Bought Together

Corruption: The New Corporate Challenge + Frequently Asked Questions on Anti-Bribery and Corruption (Wiley Corporate F&A) + Best Practices Under the FCPA and Bribery Act: How to Create a First Class Compliance Program
Price For All Three: £55.57

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Product details

  • Hardcover: 320 pages
  • Publisher: Palgrave Macmillan (20 Sep 2011)
  • Language: English
  • ISBN-10: 0230298435
  • ISBN-13: 978-0230298439
  • Product Dimensions: 24 x 17 x 2 cm
  • Average Customer Review: 5.0 out of 5 stars  See all reviews (3 customer reviews)
  • Amazon Bestsellers Rank: 639,002 in Books (See Top 100 in Books)
  • See Complete Table of Contents

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Review

'This is a well-written deeply thought out book. The authors display a great familiarity with the subject and with the issues and have written an informative and broad-based description of large scale corruption in modern commerce and the efforts to combat it.' – John W. Moscow, Partner, Baker Hostetler

'The Bribery Act 2010 will revolutionise the law of England and Wales in relation to bribery and corruption. It will set new standards for businesses operating both in the UK and overseas and pose serious challenges which must be faced or risk a criminal prosecution. This book is a comprehensive guide through the new legislation, putting it in context and giving practical advice to people in business and those that advise them. The key to avoiding problems is to have in place 'adequate procedures'; this book contains all that corporates need to know to meet the new requirements and to deal with law enforcement if the worst happens. This is the first book of its kind and should be the first port of call for all corporates large and small and wherever they conduct business.' – Rosalind Wright, Director, Serious Fraud Office, 1997–2003

'Anyone concerned about the actualities of risk, whether in terms of exposure to the harm that bribery causes or perhaps more significantly in terms of management, to the legal, regulatory and reputational risks that arise as a result of non-compliance, will find this work of real and practical assistance. The authors present a dynamic discussion of corruption viewed from several perspectives, including that of the corporate world and those engaged in enforcement. The issues are complex and often defy the simple solutions proffered by more simplistic commentators. This work not only informs but provides much needed guidance and a good bit of practical advice.' – Professor Barry Rider, Counsel, BryanCave

'Coming on the heels of the enactment of the UK Bribery Act, Nick Kochan and Robin Goodyear have provided a timely and needed contribution to the growing field of corruption studies. This treatise is an essential resource for anyone seeking to understand
not only how to comply with the UK Bribery Act, the FCPA, or other anticorruption laws, but also why governments have turned anticorruption enforcement from an enforcement backwater into the biggest risk-management concern of any multinational
concern.' – Gregory Husisian, Counsel, Foley & Lardner LLP

Book Description

The tackling of corruption is becoming an ever-greater concern for authorities around the world; an assessment of the risks as well as government responses is essential to corporate policy

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1 of 1 people found the following review helpful
5.0 out of 5 stars A valuable guide 8 Dec 2011
Format:Hardcover
To bribe or not to bribe ... that is the question... Corruption is a highly controversial and contentious issue for those engaged in trade and business on any level, but it is most problematic for those hardy souls engaged in cross border business who are struggling to pick their way gingerly through the perplexing vagaries of peculiar local commercial customs and the intricacies and complexities of contemporary extra-territorially focussed anti- bribery legislation, while seeking to second guess the tactics of their competitors and to calculate how best to avoid falling foul of the law while also producing a healthy balance sheet.
Such a calculation should prove to be considerably less onerous and more profitable for those who take the trouble to read this book, which provides the reader with a detailed, intelligent but practical analysis of the problem combined with very useful guidance as to how best to steer such a difficult course.
The books covers, in addition to comprehensive analysis of the legal position in the UK and the US a fascinating and original insight into both the basic causes and nature of corrupt transactional environments in a wide range of both geographic and sectoral contexts, including, for example, telecoms, food, construction, healthcare, sport, defence extractive industries and rare earth elements. Such insights derive from a combination of academic and field research based on very extensive interviews with businessmen and those engaged in law enforcement in a wide range of industries and jurisdictions. The analyses of the forms and nature of corruption in countries such as Indonesia, Iraq, Bangladesh Angola and Dubai provide a fascinating and invaluable guide to how business is done in those jurisdictions.
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5.0 out of 5 stars It was very informative and easy to read 26 Nov 2013
Format:Hardcover|Verified Purchase
It was very informative and easy to read. A good book for someone new to the field. I would recommend it.
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By hurette
Format:Hardcover
I was reminded of the Roman Emperor Tacitus quotation on corruption when reading Nick Kochan and Robin Goodyear's excellent and well written new book, 'Corruption: The New Corporate Challenge'.

This book can serve reader's at many levels and catalogues the development of knowledge and legislation in this area with an in depth assessment of the recent UK Bribery Act. It is a comprehensive tour of the roots, causes and consequences of corruption, and should find a place as a reference guide in the training programmes and business conduct manuals of any decent sized business, especially if it is operating cross border.

Intellectually and morally challenging themes are presented in the context of a multi cultural world increasingly seeking to operate to global standards where fair competition can take place for the supply of goods and services with out the tainting, distorting and corrupting effect of bribery and fraud. The book unashamedly takes a moral standpoint challenging the enrichment of the few through graft and greed, at the expense of the many. In this respect this book will resonate with all who uphold that honest contract enforcement under the rule of law is an essential element in developing fair, free, and sustainable societies. I warmly commend it.
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