America's Largest Companies Meet to Debate Anti-Corruption
CHICAGO, March 7 /PRNewswire/ -- A conference for big business is set to explore the growing case against corporate corruption. Today, large companies find themselves constantly in the firing line over bribery and corruption. Regulators and prosecutors are becoming ever more vigilant. Convictions and fines for business corruption are rapidly increasing. Baker Hughes, Vetco International and Titan have paid a combined $98.5 million to prosecutors in the last 12 months alone. Still many large companies are unaware of the growing legal liability they face under the Foreign Corrupt Practices Act. KPMG data points out that many large companies lack basic compliance programs yet face hugely increased criminal risks. Now, to help companies both understand and tackle this important issue, Ethical Corporation, the leading global business ethics magazine and events company, will hold a major business summit on the topic in Chicago on April 15-17. The Anti-corruption Summit will discuss the risks big companies now face on corruption, and focus on practical programs and actions firms can use to manage their anti-corruption risk every day. "This conference is set to be a practical, pragmatic forum for senior managers to discuss and identify steps and strategies for effectively addressing bribery and related forms of corruption," said Wendy Hallgren, Vice President of Corporate Compliance at Fluor, a $14 billion, Texas-based global engineering, procurement, construction and maintenance services organization. The conference, preceded by a practical workshop on April 15, will be held in central Chicago on April 16-17. Issues discussed at the conference will include global ethics and compliance programs, supply chain anti-corruption, training and measurement of anti-bribery efforts. "Between true globalization of the world's economy and the increased demand for greater transparency on how corporations conduct business, a company's well-earned ethical reputation can be at risk if not properly safeguarded with sufficient anticorruption efforts," said Alex Brigham, President & CEO at Corpedia, the global ethics and compliance service provider. Speakers and attendees at the conference are confirmed from: Wal-Mart, BP, Best Buy, Tyco, ACS, Hospira, SAIC, ITT Corporation, Texas Instruments, Pfizer, Merrill Lynch, FBI, DoJ, SEC, and State Department. The conference is sponsored by: Deloitte, KPMG, and Corpedia. About Ethical Corporation: Ethical Corporation http://www.ethicalcorp.com is an independent publisher and conference organizer launched in 2001 to encourage debate and discussion on responsible business.
Contact: Ross Vincent Conference Director Ethical Corporation Conferences Ross.Vincent@ethicalcorp.com +1-800-814-3459 extn 268
SOURCE Ethical Corporation
More by this Source
Le gouvernement et l'industrie ont des visions différentes du Green Deal
May 08, 2013, 11:39 ET
Regierung und Unternehmen sehen Green Deal in unterschiedlichem Licht
May 08, 2013, 11:21 ET
Government and Industry Paint Different Green Deal Pictures
May 08, 2013, 07:30 ET
Browse our custom packages or build your own to meet your unique communications needs.
Learn about PR Newswire services
Request more information about PR Newswire products and services or call us at (888) 776-0942.