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- Bribery; Compliance Programs; Corporate Culture; Corruption; Deferred Prosecution Agreements; FCPA; New Governance; Organizational Ethics (1)
- Business norms; certification; contracts; contract enforcement; corporate social responsibility; global governance; globalization; incomplete contracts; ISO; ISO 9000; law and development; norms transmission; outsourcing; rule of law; supply chains; theory of the firm; third-party assurance (1)
Articles 1 - 2 of 2
Full-Text Articles in Law
Assurance Services As A Substitute For Law In Global Commerce, Margaret M. Blair, Cynthia A. Williams, Li-Wen Lin
Assurance Services As A Substitute For Law In Global Commerce, Margaret M. Blair, Cynthia A. Williams, Li-Wen Lin
All Faculty Publications
In this article we examine the rapid emergence and expansion of a private-sector compliance and enforcement infrastructure that we believe may increasingly be providing a substitute for public and legal regulatory infrastructure in global commerce, especially in developing countries where rule of law is weak and court systems are absent or inadequate. This infrastructure is provided by a proliferation of performance codes and standards, and a rapidly-growing global army of privately-trained and authorized inspectors and certifiers that we call the "third-party assurance industry." The growth in the third party assurance business has been phenomenal in the last decade. The business …
Corporate Corruption And Reform Undertakings: A New Approach To An Old Problem, David Hess, Cristie Ford
Corporate Corruption And Reform Undertakings: A New Approach To An Old Problem, David Hess, Cristie Ford
All Faculty Publications
Over the past few years the Securities Exchange Commission (SEC) and Department of Justice (DOJ) have finally started making serious efforts at enforcing the United States' anti-bribery laws against corporations. These efforts will not be effective against the worst offenders, however, if they do not address the issue of corporate ethical culture. Over time, the use of improper payments can become embedded in a corporation's culture. The organizational actors treat payments of bribes, or the use of agents the company suspects of paying bribes, solely as economic issues and not as legal and ethical issues. Through the DOJ's use of …