The Compliance Framework of Anti- Bribery for Multinational Corporations in China

DOI

10.2991/978-2-38476-154-8_4How to use a DOI?

Keywords

Bribery; Corporate compliance framework; Multinational corporations

Abstract

In the wave of globalisation, multinational corporations have become a significant driver of economic development. However, one of the problems they face is bribery, which seriously disrupts the international market economy and harms the interest and vested benefits of countries. In China, particularly, both foreign companies engaging in bribery within China and Chinese companies engaging in bribery abroad have posed a serious issue and challenge. Relying solely on the legal regulations is insufficient to solve this particular issue. It is essential for multinational corporations to establish compliance systems to combat bribery. Therefore, Chinese multinational corporations urgently need to develop compliance systems that are tailored to local circumstances to prevent cross-border bribery. By implementing effective compliance systems, companies can mitigate bribery risks, reduce criminal liabilities, and enhance their corporate image and reputation. At the same time, government departments should strengthen guidance and supervision of corporate compliance, and form a collaborative effort to jointly combat cross-border bribery activities. This article aims to explore the necessity of multinational corporations engaging in anti-bribery measures and establishing effective compliance practices against bribery. Doctrinal approach is employed for this research, in which. primary sources and secondary sources such as legislation, official reports from the government and non-governmental organisations, internation conventions and books are referred.

Copyright

© 2023 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Ma Jiao
AU  - Chee Ying Kuek
AU  - Azwina Wati Binti Abdull Manaf
PY  - 2023
DA  - 2023/12/05
TI  - The Compliance Framework of Anti- Bribery for Multinational Corporations in China
BT  - Proceedings of the 3rd International Conference on Law and Digitalization 2023 (ICLD 2023)
PB  - Atlantis Press
SP  - 81
EP  - 90
SN  - 2352-5398
UR  - https://doi.org/10.2991/978-2-38476-154-8_4
DO  - 10.2991/978-2-38476-154-8_4
ID  - Jiao2023
ER  -