The International Chamber of Commerce today issued a tougher version of its Rules of Conduct to Combat Extortion and Bribery, including a stronger rejection of facilitation payments and a requirement that companies establish confidential channels for staff members to seek advice and report violations without fear of retaliation.
The new code was drafted by members of ICC’s Anti-Corruption Commission, under the chairmanship of Francois Vincke and with the invaluable input of Commission Vice-Chair Fritz Heimann and Commission member Jean-Pierre Méan. Mr Vincke said: “The new rules provide an expanded definition of bribery and extortion, which clearly also covers offences in relation to regulatory permits, taxation, customs, judicial and legislative proceedings.”
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