Towards an anti-corruption compliance framework for international hotel groups

Authored by: Alexandros Paraskevas , Yang Chu

The Routledge Handbook of Hospitality Management

Print publication date:  March  2014
Online publication date:  March  2014

Print ISBN: 9780415671774
eBook ISBN: 9781315814353
Adobe ISBN: 9781317804246

10.4324/9781315814353.ch19

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Abstract

Over the last decade, the international legislation related to corruption — in particular, bribery — has been significantly reformed (since the 1998 OECD Convention on Combating Bribery of Foreign Public Officials in International Business Transactions) and has put significant pressure on organisations to act with integrity, especially when operating abroad. Compliance with the new legislation is becoming increasingly complex and the consequence of non-compliance may have substantial financial and reputational impacts on organisations. Recent high-profile cases include Balfour Beatty paying £2.25m over allegations of bribery in Egypt (Leigh and Evans 2008); Aon, which was fined £5.25m for failings in its anti-bribery and corruption systems and controls resulting in illegal payments to third parties to obtain business overseas (Essen 2009); and BAE Systems, which pleaded guilty to making false statements about its corruption compliance programme and was ordered to pay $400m (£288m) to settle bribery charges (Thompson 2010). These high-profile events highlight the vulnerability of many of today's global organisations to bribery/corruption risk and have brought anti-corruption compliance to the top of boardroom agendas.

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