CHICAGO, March 7 /CNW/ - 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
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
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
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
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.
For further information:
For further information: Ross Vincent, Conference Director, Ethical
Corporation Conferences, Ross.Vincent@ethicalcorp.com, 1-800-814-3459 extn