Author: Mak Yuen Teen

It may be time for me to write another paper on this subject again and to review our enforcement of rules. However, I am not sure if my conclusion will still be that “enforcement actions have generally been prompt”.

If a company or someone chooses to pay bribes, it is their choice and they should face the consequences if they are caught. But they should not brazenly proclaim that they have integrity if they do so. That’s just hypocrisy.

Those paying higher director and key management remuneration tend to be less transparent

Note: Someone asked me about other articles I have written on bribery and corruption. I have posted another one below that I have found in my collection which was published more than 7 years ago, about bribery and corruption...

When things go badly wrong, such as in the recent Keppel Offshore and Marine (KOM) scandal, which has resulted in a US$422 million penalty being imposed, a common response of the board of directors is: “We did not know”.