While the FCPA has served a useful purpose, it remains stuck in another era. In today's dynamic and ever-changing international business landscape, U.S. businesses would really benefit from a less absolutist approach to the subject.
News Corp.'s fortunes are turning, and Rupert Murdoch must now answer for all that has happened under his watch. If he or his executives broke the law, they must be held accountable in the United States.
The important lesson for all is that "winning" is not the only thing. Winning is the outcome of superior products and services in the business context. Winning in law should mean that justice under law is served.
The latest news about Rupert Murdoch's News Corp. in not only a reminder of the importance of maintaining strong anti-bribery legislation, but also casts serious doubts on the efforts of some in Washington to weaken those laws.
OSCE member states gathered in Oslo for a session of the Parliamentary Assembly, whose theme is "Combating Transnational Crime and Corruption." Led by Kazakhstan, the irony of a corrupt government presiding was palpable.
While U.S. law punishes accounting fraud committed abroad, it offers no remedy for a corporation's acts of violence. Congress could solve the problem by expanding the scope of the Foreign Corrupt Practices Act.