Corruption In Canadian Companies Abroad by Dylanna Fisher
This portfolio piece provides a summary of an article titled "Corruption in Canadian Companies Abroad" by Dylanna Fisher. The article explores the Canadian Corruption of Foreign Public Officials Act, legislation implemented in 1998 to curb corruption by Canadians and Canadian businesses in foreign markets. The act aims to ensure fair competition and prevent the bribery of foreign officials.
The article highlights the five main elements of the legislation, which include the involvement of individuals or businesses, the provision of advantages, benefits to foreign officials, and the exchange of bribes for desired actions. It discusses the benefits of the act, such as promoting transparency, protecting vulnerable groups, and dissuading organized crime and terrorism. However, it also acknowledges potential downsides, such as limiting economic growth and hindering free trade.
Read this article at Medium.com.