labels: industry - general
TRACE announces international anti-bribery workshop in India news
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.

TRACE 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.

Headquartered 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 International, Inc.


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TRACE announces international anti-bribery workshop in India