Washington Post Article Discusses China Kickbacks
The front page of today's Washington Post contains an article entitled "Common in China, Kickbacks Create Trouble for U.S. Companies at Home." The article discusses U.S. companies adopting Chinese-style tactics to secure sales, as they compete in a market in which Communist Party officials routinely control businesses, and purchasing agents consider kickbacks part of their salary." The article observes that "managers of U.S. companies say they are caught in a dilemma: They are answerable to shareholders on Wall Street and home offices that demand a piece of an increasingly lucrative Chinese market. Yet they are also held to account at home by the Department of Justice and the SEC." The article also contains examples of several recent FCPA investigations brought against U.S. companies for engaging in prohibited practices in China. The complete article can be viewed at the following link:
www.washingtonpost.com/wp-dyn/content/
article/2005/08/21/AR2005082101068_pf.html
(free registration required).
|posted by Douglas N. Jacobson| Permalink 
