Posts Tagged ‘Corruption’

UK Bribery Act 2010 Could laws like this affect your buiness reputation

There are many laws out there that company’s could be breaking without even realizing it.  It’s important to make sure they you keep updated.

The UK Bribery Act 2010 will fundamentally change anti-corruption enforcement for companies doing business in the UK. With support across political parties, the bill is likely to become law in 2010. Significant new enforcement activity will include large penalties and possible prison terms for organizations and individuals.

From UK Bribery Act 2010 website

A survey in 2006 by Control Risks, a consultancy, estimates that a quarter of UK-based international companies have lost business to corrupt competitors in recent years, while figures from the World Bank suggest that bribery adds up to 10% to the total cost of doing business globally.

Its not only the law you could be breaking if competitors catch wind of any companies taking part in such activities then your reputation could be permanently damaged if they start posting on SNS’s etc.  Keeping up to date with changes in the law will keep you out of the courts and the papers!

 

 

 

Commonwealth Games 2010. India’s Reputation Fiasco

The 2010 Commonwealth Games was supposed to highlight how far India has come in the past 10 years, instead it seems to demonstrate that everything people thought about India is true. Read the rest of this entry »

Commonwealth Games and India Reputation

The  Commonwealth Games which was touted to be India’s show of new power and splendour is soon becoming another show of the deep corruption that the country is pickled in. From the bureaucracy that needs to be paid in the order of their status to nepotism, India is unable to come out of  these ‘tags’ while hosting international sporting events.

To the nouveau Indian wanting to see development and the doing away of corruption and introduction of transparency, the fact that eight RTI (Right To Information) activists were killed in seven months shows there is no light at the end of the tunnel.

While a large number of people question why the country made the bid to host the CWG in the first place, others hoped the capital city will be spruced up to international standards. Terminal 3 of the Indira Gandhi International airport is probably the only saving grace in the corruption hit games now.

From exorbitant prices from treadmills to toilet paper, Suresh Kalmadi and honchos seem to have milked crores of rupees at every possible point. The money trails all lead to more sleaze and nepotism.

For sports-lovers the anguish is in how all this money could have actually given better protein rich food to the Rugby team or better facilities to sportsmen and women in the country.

For now The Commonwealth Games is fast turning into India’s shame and the 8% growth the country is showing seems to be all hollow. Sports in the country is really only about cricket and the highly successful IPL too had its share of sleaze.

Most people would tend to agree with former sports minister Mani Shankar Aiyar, when he shocked people a few weeks ago with this statement…

“I am very happy with the rains, firstly because it will ensure a good agriculture for the country and secondly because it will ensure that the Commonwealth Games are spoilt”

A day ago Indian football captain Baichung Bhutia came out with a more scathing remark…

“It’s not a good idea to host the Games. What are the parameters for hosting a good Games? Fancy roads, which we have (in Delhi). Fancy airport, which we have. But what we don’t have is proper infrastructure. The government is not aware of the real picture of our infrastructure”

India national reputation continues to be of corruption, sleaze and lack of transparency, but of late, a lot of it is being exposed through a watchful media and that is a huge change for the country.