The role of the OECD and EU conventions in combating bribery of foreign public officials

Carl J. Pacini, Judyth Swingen, Hudson Rogers

Research output: Contribution to journalArticlepeer-review

Abstract

The OECD Convention on Combating Bribery of Foreign Public Officials in International Business Transactions (the OECD Convention) obligates signatory nations to make bribery of foreign public officials a criminal act on an extraterritorial basis. The purposes of this article are to describe the nature and consequences of bribery, outline the major provisions of the OECD Convention, and analyze its role in promoting transparency and accountability in international business. While the OECD Convention is not expected to totally eliminate the seeking or taking of bribes, there are hopes that a uniform set of rules will curtail corrupt behavior, as long as those rules are both enforceable and enforced.

Original languageAmerican English
JournalDefault journal
StatePublished - Jan 1 2002

Keywords

  • Bribery
  • Corruption
  • EU Convention
  • Foreign Corrupt Practices Act
  • International business
  • Organisation for Economic Co-operation & Development

Disciplines

  • Accounting
  • Business

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