TRACE announces international anti-bribery workshop in India

Our Corporate Bureau
12 March 2004

New Delhi: In its global mission to eradicate corruption and bribery forced upon corporates and commercial intermediaries, Transparent Agents and Contracting Entities (TRACE) will hold an International anti-bribery workshop, in New Delhi on March 15, 2004.

The workshop, 'Anti - bribery standards for doing business internationally', is being co-hosted with the Center for International Private Enterprise, a non-profit arm of the US Chamber of Commerce, and ISIS Asset Management, a socially responsible investment-house, based in London, with more than $100 billion in investments.

Eminent personalities from the international business and legal community including Alexandra A Wrage, president, TRACE and FCPA attorney, Elizabeth Frasher, US Manager, TRACE International, Suhel Seth, CEO, Equus Redcell, Ashok Pratap, barrister at law, Mumbai and Jehangir Ardeshir, CEO Tata Quality Management Services, Tata Sons, will help corporates and their business intermediaries evolve strategies for eradicating corruption while transacting business internationally.

Issues such as the cost of corrupt transactions to a community involving misappropriation of public revenue, reduced public confidence, decreased foreign investment, compromised health and safety will be addressed. Business intermediaries will also be introduced to the standard international practices and law that is acceptable to multinationals companies seeking their services.

This workshop will benefit corporates committed to increasing transparency in their transactions and that of their intermediaries agents, consultants, suppliers, sub contractors, distributors, financial advisors, brokers, and lawyers .

TRACE helps conduct due diligence on intermediaries for companies contemplating a relationship and training employees and intermediaries in locations around the world. MNCs subscribing to their services are provided with a list of intermediaries with a reliable track record who could carry out their work overseas suitably.