By Asjylyn Loder and David Evans - Oct 3, 2011 1:28 PM ET
Bloomberg Markets Magazine
In May 2008, a unit of Koch
Industries Inc., one of the world’s largest privately held
companies, sent Ludmila Egorova-Farines, its newly hired
compliance officer and ethics manager, to investigate the
management of a subsidiary in Arles in southern France. In less
than a week, she discovered that the company had paid bribes to
win contracts.
“I uncovered the practices within a few days,” Egorova- Farines says. “They were not hidden at all.”
She immediately notified her supervisors in the U.S. A week later, Wichita, Kansas-based Koch Industries dispatched an investigative team to look into her findings, Bloomberg Markets magazine reports in its November issue.
“I uncovered the practices within a few days,” Egorova- Farines says. “They were not hidden at all.”
She immediately notified her supervisors in the U.S. A week later, Wichita, Kansas-based Koch Industries dispatched an investigative team to look into her findings, Bloomberg Markets magazine reports in its November issue.
No comments:
Post a Comment