Buy custom Business ethics as risk management
Essay's paper info
| Topic: |
Business
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| Number of pages / Number of words: |
8 / 2001 |
Essay's paper body
We discuss the risk management aspects of these indicators below.
Avoiding unfair business practices
Unfair business practices such as price fixing, bid rigging and market collusion can be punished with fines of $10 million under the Trade Practices Act (TPA). Proposed amendments to this Act, now before the Parliament, would substantially raise the penalty for violations to up to three times the amount of revenue generated by their collusive practices, or if this cannot be quantified, 10% of their annual turnover...
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Proposed amendments to this Act, now before the Parliament, would substantially raise the penalty for violations to up to three times the amount of revenue generated by their collusive practices, or if this cannot be quantified, 10% of their annual turnover.
Other legislation implementing the OECD's Anti-Bribery Convention makes bribery of foreign public officials an offence, punished with a maximum fine of $330,000 for companies and up to 10 years in prison for the responsible executives...
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