Loterre: SAGE: Foreign Corrupt Practices Act

social science subjects > business and management > business ethics > finance ethics > Foreign Corrupt Practices Act

... > politics and international relations > political science > public administration > administrative law > Foreign Corrupt Practices Act

... > governance > public-sector management > public administration > administrative law > Foreign Corrupt Practices Act

... > governance > administration > public administration > administrative law > Foreign Corrupt Practices Act

... > politics and international relations > governance > public administration > administrative law > Foreign Corrupt Practices Act

... > business management > governance > public administration > administrative law > Foreign Corrupt Practices Act

social science subjects > law > public law > administrative law > Foreign Corrupt Practices Act

Date: 1977Foreign Corrupt Practices Act

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IN THE WAKE of Watergate and several corporate scandals in the 1970s, Congress and the Security and Exchange Commission (SEC) turned their attention to investigate corporate business practices. A SEC survey covering a large number of American corporations revealed that about 350 corporations were involved in bribing of foreign officials and were contributing to political campaigns of foreign politicians to the tune of $750 million in order to receive lucrative government contracts.Major oil companies (for example, Gulf Oil, Mobil Oil) and defense contractors (Lockheed, Northrop, Boeing, McDonnell Douglas) were involved in some of the well-known bribery cases. [Source: Encyclopedia of White-Collar & Corporate Crime; Foreign Corrupt Practices Act]

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