Corporate crime and punishment: Who should police global companies? And how?

In recent years, spectacular cases of corporate crime have surfaced - corruption, fraud, tax evasion. In our webinar we discussed how ensuing legal battles sometimes entail enormous costs for companies and how this is leading to rising awareness of and resources devoted to compliance.
In her new book, Cornelia Woll explores how legal battles around corporate misconduct in global markets have played out in a world with rising geo-economic tensions. The risk, she argues, is that legal action initiated in one country against a company in another is seen as coercion rather than a legitimate means to promote integrity. An obvious solution would consist in multilaterally agreed rules to fight corruption and other forms of corporate crime.
The panel explored how far the OECD Convention against bribery of foreign officials, which marks it 25th anniversary this year, and other multilateral instruments have performed in this respect. They discussed the demands of business and the implications of US dominance in corporate punishment.
Keynote:
🔹 Cornelia Woll, Hertie School
Followed by a discussion with:
🔹Nicola Allocca, BIAC and Autostrade l’Italia
🔹Gillian Dell, Transparency International
🔹Anna Maija Mertens, DICO
🔹Nicolas Pinaud, OECD
Moderated by:
🔹 Nicola Brandt, OECD
ABOUT THE OECD
The Organisation for Economic Co-operation and Development (OECD) is an international organisation established in 1960 that works collaboratively to build better policies for better lives. Our goal is to shape policies that foster prosperity, equality, opportunity and well-being for all. Together with governments, policy makers, policy shapers, and citizens, we work on establishing evidence-based international standards and finding solutions to a range of social, economic and environmental challenges.
From improving economic performance and creating jobs to fostering strong education and fighting international tax evasion, we provide a unique forum and knowledge hub for data and analysis, exchange of experiences, best-practice sharing, and advice on public policies and international standard-setting.
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