Tagged: state-owned and state-controlled enterprises

Glencore’s Bribery Schemes (Part III of V)

Glencore’s Bribery Schemes (Part III of V)

The broad and pervasive scope of Glencore’s bribery conduct is obvious.  The scope of its misconduct reflects Glencore’s fatal culture and commitment to profits at any and all cost.  Glencore’s board and senior executive team forgot the basic equation — ethical companies are more profitable in the long run.  Instead, Glencore embraced immediate gratification, circumventing controls and adhering to a culture of lawlessness. Glencore’s bribery...