Navigation Links
TRACE Launches Leading Edge Anti-Bribery Compliance Software
Date:10/18/2011

ANNAPOLIS, Md., Oct. 18, 2011 /PRNewswire/ -- TRACE announced today the launch of its Gifts & Hospitality Tracking Software, available to TRACE members at no cost.  The TRACE software solution addresses a key focus of recent Foreign Corrupt Practices Act (FCPA) enforcement actions against corporations and individuals for the bribery of government officials:  improprieties surrounding corporate gifts, hospitality and travel.  

Prosecutors and securities regulators in the U.S. and abroad are increasingly focused on the role that gifts and hospitality play in improperly influencing government decision-making.  Determining when a gift becomes a bribe is a subjective determination, based on many factors. Robust anti-bribery compliance programs must ensure that senior management has the data necessary to confirm that gifts made and hospitality provided on behalf of a corporation - across all of its employees and in all of its countries of operation - are "reasonable," "proportionate," and "bona fide" and therefore not intended to improperly influence the recipient.

Before addressing the challenge of determining whether gifts and hospitality are reasonable, proportionate and bona fide, companies have struggled even to identify the scope and frequency of these expenditures. Corporations have been given little guidance about what information to collect and track in order to satisfy regulatory concerns.  In addition, corporate compliance budgets typically do not have sufficient funds to design a centralized data collection tool devoted to this specific risk area.

The TRACE software addresses this information gap by enabling member companies to track key information about gifts and hospitality made and received by their employees.  This two-way tracking meets the requirements of the FCPA, as well as the new UK Bribery Act, which criminalizes not only the offer or payment of a bribe, but also accepting or agreeing to acc
'/>"/>

SOURCE TRACE
Copyright©2010 PR Newswire.
All rights reserved

Page: 1 2 3

Related medicine technology :

1. Ajinomoto Co., Inc.s Twofold Nutraceutical Solution Targets Weight Management and Sleep Quality Improvement
2. Contraceptives Market to 2017 - Hormonal Contraceptives and Strong Pipeline to Drive the Growth in Future
3. Qualitest Pharmaceuticals Issues a Nationwide Voluntary Recall of Oral Contraceptives
4. TRACE Launches Enhanced Anti-Bribery Compliance Website
5. UBM Canon Introduces a Compelling New Virtual Conference Focused on Track & Trace Solutions for the Pharma Sector
6. IMD Companies Announces Acquisition of Nutraceutical Company
7. ThermoGenesis Names Former Applied Imaging CEO Robin Stracey to Board of Directors, Replacing Dr. Mahendra Rao
8. Reportlinker Adds Global Market for Hormonal Contraceptives and Infertility Drugs, 2011-2018
9. Mesa Labs Releases Major New DT Pro Software for Data Trace Data Loggers
10. HealthSport Signs Letter of Intent to Acquire "Excellent" Rated cGMP Certified Nutraceutical Manufacturing Plant
11. Nutraceutical International Corporation Launches Product Featuring ChromaDexs pTeroPure™ Pterostilbene
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:3/26/2015)... -- A new survey of health care stakeholders ... will yield improvements in health care decision-making, but ... CER in the current environment. The National Pharmaceutical ... that they view CER as important, expect it ... decision-making in the next three to five years, ...
(Date:3/26/2015)... , March 26, 2015  Desert Valley Medical Center, ... times , is the first U.S. hospital to ... emergency department to help clinicians prevent hospital acquired pressure ... Victorville, Calif. , is a community hospital serving ... Using the Leaf Patient Monitor in the hospital,s emergency ...
(Date:3/26/2015)... 2015 Zimmer Holdings, Inc. (NYSE and SIX: ZMH) ... to serve as a feature-rich resource for patients of its ... For those experiencing knee pain, the Gel-One Patient ... knee pain and helps them understand more about the potential ... non-surgical treatment option. For those who have had a ...
Breaking Medicine Technology:NPC Highlights Stakeholder Views on Comparative Effectiveness Research and the Environment for Health Care Decision-Making 2NPC Highlights Stakeholder Views on Comparative Effectiveness Research and the Environment for Health Care Decision-Making 3NPC Highlights Stakeholder Views on Comparative Effectiveness Research and the Environment for Health Care Decision-Making 4Desert Valley Medical Center First to Use Leaf Healthcare Patient Wearable Technology in its ED as Part of Hospital-wide Deployment 2Desert Valley Medical Center First to Use Leaf Healthcare Patient Wearable Technology in its ED as Part of Hospital-wide Deployment 3Zimmer Launches New Patient Education And Engagement Mobile App For Gel-One Hyaluronate 2
(Date:3/27/2015)... 2015 Approximately 300 advocates participated ... Coalition Lobby Day to lobby for physical education, ... (SHIP). Everlast Climbing was especially interested in ... which would strengthen physical education programs by adopting ... other measures to strengthen physical education in schools. ...
(Date:3/27/2015)... Smile Brands Inc. ( http://www.smilebrands.com ), ... services to dental groups in the United States, is ... Dental office in Hendersonville, TN. , Located ... new Castle Dental office provides families with a convenient, ... comprehensive, quality dental care. Hendersonville marks the eleventh Castle ...
(Date:3/27/2015)... Diego, CA (PRWEB) March 27, 2015 ... February 2015 (case number 1:15-cv-10429, U.S. District Court, District ... Court of the Eastern District of Pennsylvania), the San ... Melinda J. Helbock, A.P.C. are announcing that they are ... on behalf of women who were prescribed Zofran while ...
(Date:3/26/2015)... TX (PRWEB) March 26, 2015 ... the 32nd annual Dallas Rhinoplasty Symposium and has ... years, reiterated the importance of evidence based medicine (EBM), ... evidence from well conducted research. , "We often hear ... to rhinoplasty, and while we are certainly not trying ...
(Date:3/26/2015)... March 26, 2015 Florida Hospital teamed up ... For Your Health campaign and live Dr. Oz event, which ... March 21st. More than a thousand people came out to ... living. , The world renowned cardiothoracic surgeon and Emmy ... Linda Hurtado and a panel of experts for the live ...
Breaking Medicine News(10 mins):Health News:Everlast Climbing Advocates to Strengthen Physical Education in Minnesota Schools 2Health News:Castle Dental® Opens Its First Dental Office in Hendersonville, TN 2Health News:Castle Dental® Opens Its First Dental Office in Hendersonville, TN 3Health News:The Law Office of Melinda J. Helbock, A.P.C. Announces That It Is Now Accepting Case Reviews for Potential Zofran Birth Defect Lawsuits 2Health News:Dr. Rod Rohrich Explores Evidence Based Innovations and Safety at the 32nd Annual Dallas Rhinoplasty Symposium 2Health News:Florida Hospital Welcome Dr. Oz to Tampa and Invites the Community to Attend Educational Seminars Hosted by Florida Hospital Physicians 2Health News:Florida Hospital Welcome Dr. Oz to Tampa and Invites the Community to Attend Educational Seminars Hosted by Florida Hospital Physicians 3
... the medical-surgical wards resulted in better glucose control, as ... ulcers. As a result, shorter hospital stay may be ... randomized pilot trial to showcase how intensive subcutaneous insulin ... control,” Alicia Leung, MD, at Stroger Hospital of Cook ...
... medical treatment and prescriptions is common among heart attack ... poorer quality of life and higher risk of re-hospitalization, ... of Medicine. ,The study sought to determine ... medication were associated with worse patient outcomes. The 2,498 ...
... with aggressive prostate cancer, many men are told that their ... Often this means patients are told to watch and wait ... study has found that either surgical removal of the prostate ... for these patients when compared with those receiving the conservative ...
... the southern Indian state of Tamilnadu has launched a ... ,The World Food Programme of the United Nations ... in running this scheme called Nutriplus. ... Health Secretary to the government of Tamilnadu signed on ...
... received huge flak from the medical society. To mark their ... from the Royal College of Physicians, St Andrew’s Place, and ... Fields tomorrow. ,David Cameron will be addressing the ... selection procedure adopted by the government. According to Cameron, the ...
... newly devised SMS help-line in this megalopolis is becoming ... HIV/AIDS, having received// over 25,000 texts since its launch ... NGO Heroes Project founded by Hollywood icon Richard Gere ... advice on HIV/AIDS by a panel of qualified counsellors ...
Cached Medicine News:Health News:New Research May Pave the Way for Shorter Hospital Stays for Diabetes Patients 2Health News:Due to Cost, Heart Attack Patients Often Avoid Follow-up Care and Medication 2Health News:Surgery, Radiation Treatment Double Life Expectancy for Prostate Cancer Patients 2Health News:SMS Help-line to Provide Answers for HIV/AIDS Queries 2
... I Small Joint Arthroscopy ... a complete line of ... specifically designed for small ... available in a variety ...
The BioPro Basal Thumb joint is manufactured from Cobalt Chrome and is used to replace the Trapeziometacarpal joint....
For use in implant resection arthroplasty of the trapeziometacarpal joint in cases of rheumatoid, degenerative or post-traumatic arthritis....
... Implant System utilizes the same proven materials ... The SR™ Hand Implant System provides ... including minimal bone resection, surface replacement of ... retention and/or repositioning of the ligamentous soft ...
Medicine Products: