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.
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.
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.
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.
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 .
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.
is a non-profit international membership association of
commercial intermediaries working on behalf of multinational
corporations. Committed to transparent and ethical business
practices, TRACE specializes in anti-bribery due diligence
reviews and compliance training for international commercial
intermediaries. By maintaining extensive due deligence
files on its members and providing due diligence reports
to subscribing corporations TRACE bridges the gap between
commercial intermediaries and multi-national companies.
at USA, TRACE works closely with various bodies including
World Bank Institute Governance and Anti Corruption Group,
The Prince of Wales International, Business Leaders Forum
(IBLF), ISIS Asset Management, Center for International
Private Enterprise (CIPE), Transparency International,
International Union of Commercial, Agents & Brokers,
and Winston & Strawn on series of international
anti-corruption workshops. The organization is being lead
by Mrs. Alexandra Wrage FCPA attorney and President, TRACE