What's next in the aftermath of a bribery scandal?
Companies in such a situation must do everything they can to instil an ethical mindset among their employees
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I HEARD rumours about a "Singapore government company" being involved in the Petrobras bribery scandal when I was in Sao Paolo in April 2016 visiting CFA Society Brazil. Hence, I was not surprised when news broke on Dec 23, 2017 about the US$422 million fine related to corrupt payments in Brazil. My focus in this piece will be on what a company in such a situation can do to instil an ethical mindset among its employees, looking at Keppel as a case study.
Values and environment
Let me start with what drives behaviour. At the core, there are two things.
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