Baker & McKenzie’s Global Employment Practice Group released its 51st issue of The Global Employer entitled “The Social Media Issue.” "Social media is changing the way that we communicate, work and do business, wherever we are in the world. Social networks provide opportunities for global interconnectedness like never before. The impact can be felt in all corners of business and its potential is…well, as yet unknowable. What we do know though, is that this new way of connecting carries enormous potential business and other benefits alongside inevitable challenges and risks. The smart business will want to work out how best to manage those challenges and risks without stifling the vast potential." Read the full report here.
Monday, October 22, 2012
GoodCorporation: Anti-corruption procedures in Freight Forwarding and Logistics Industry
GoodCorporation performed an analysis of logistics companies, including BDP International, to determine the good corporate citizens in terms of anti-corruption corporate policy. The report was published on its website.
Specifically, GoodCorporation conducted desk research on the top 30 leading international freight forwarding companies. The research included looking on the companies’ public website for two general policy requirements:
1) A published statement from company reiterating their stance on anti-corruption
2) A statement on facilitating payments
GoodCorporation determined that a "third of the companies had no anti-corruption statement" and "more than half had no statement on facilitating payments." GoodCorporation warns that if a company does not have these public statements on their website that "from our experience, corrupt practices are more likely to occur."
BDP met the requirements of the study with an articulated policy (complete with a statement from our president) and a statement proscribing the use of facilitating payments. This is good news because DOJ, SEC and other countries’ government agencies tasked with enforcement look to these research organizations to determine which companies might be at risk for violations.
Specifically, GoodCorporation conducted desk research on the top 30 leading international freight forwarding companies. The research included looking on the companies’ public website for two general policy requirements:
1) A published statement from company reiterating their stance on anti-corruption
2) A statement on facilitating payments
GoodCorporation determined that a "third of the companies had no anti-corruption statement" and "more than half had no statement on facilitating payments." GoodCorporation warns that if a company does not have these public statements on their website that "from our experience, corrupt practices are more likely to occur."
BDP met the requirements of the study with an articulated policy (complete with a statement from our president) and a statement proscribing the use of facilitating payments. This is good news because DOJ, SEC and other countries’ government agencies tasked with enforcement look to these research organizations to determine which companies might be at risk for violations.
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