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Why bribery is bad for business

Tom Fox | February 13, 2017

One of the greater truths about the FCPA that is not discussed enough is that any business built on illegal acts is more than simply morally repugnant, it is not sustainable. If business sales are based on bribery and corruption, a key reason is that such a business cannot compete in an open market competition. Obviously such a business strategy has severe commercial, regulatory, and societal risks as well; but for The Man From FCPA it is the business cost that should receive the most attention from senior executives. For just as anti-compliance programs are the business response to the legal issue of laws such as the FCPA, the flip side is to demonstrate that bribery and corruption is bad for business.  

The commercial risks seem the most straight-forward; for not only does the illegal act damage the purchaser which gets inferior products, subject to substandard and suboptimal performance going forward. Yet the risk for the seller is equally as great but for a different...

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