The result of the Convention on Combating Bribery of Foreign Public Officials in

Question

The result of the Convention on Combating Bribery of Foreign Public Officials in International Business Transactions was to

1- Make it obligatory for companies to adopt a zero-tolerance approach toward grease payments.

2- Make grease payments mandatory in order to obtain exclusive preferential treatment in a host nation.

3- Consider payment of speed money to be moral, but illegal.

4- Make bribery of foreign officials a criminal offense but not consider facilitating payments a criminal offense.

5- Make it mandatory for companies to adhere to the pollution control standards of their home country in all the nations in which they do business.

Explanation / Answer

4) Make bribery of foreign officials a criminal offence but not consider facilitating payments a criminal offence.

The Anti bribery convention aims at reduction of corporate sector crime and political corruption. OECD totally came against the bribery in international business transaction. The convention wants international business environment to be totally free from bribery system so that there would be no corporate crime.

Hope this helps :)

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