Corruption In Canadian Companies Abroad
The international economy has checks and balances to attempt to make it a fair playing field or at least ensure they aren’t at a disadvantage. Canada has implemented legislation in 1998 to limit corruption in foreign markets, called the Canadian Corruption of Foreign Public Officials Act. This act prevents Canadians and Canadian businesses from bribing foreign officials.
There are five main elements to this legislation.
1. This is committed by a person, including an individual, a group of individuals or a business