A Study On Rugulation Of Anti-Corruption In Transnational Enterprises

With the full development of globalization in all economic area, transnational enterprises became the most active factor in global economy, and the most important impetus to the economy. Meanwhile, it also brought new problems to the international society, among which commercial bribery is one of them. This paper first introduces the definition, features and causes of bribery and commercial bribery. Commercial bribery of transnational enterprises will disturb seriously the international market rules and does harm to both host country and home country. Then, the article talks about rules and restricts to transnational enterprises of the U.S. Foreign Corrupt Practice Act, the Bribery Act 2010 of U.K., the UN Anti-Corruption Convention, OECD Convention and UN Global Compact, which lead to the next part that transnational enterprises are facing double risks in doing business. Commercial bribery will bring criminal, civil and administrative responsibilities, as well as reputation damage, financial pressure, talent lost and other management crisis. Next, the author analyzes that it is very necessary to establish the anti-corruption compliance system. On the one hand it is the society responsibility as a global citizen; on the other hand, it is also for company’s sustainable development and the construction of a free and fair global market. At last, the author provides advises to compliance system for both foreign companies in China and Chinese companies abroad.