This blog provides information on how U.N. Global Compact participants' walk the talk. The GC is a voluntary initiative at the strategic level to engage businesses towards sustainability principles. There is however a risk of 'blue-washing' by covering up corporate misbehaviour and law infringement from large MNEs through poorly enforced 'Integrity Measures' and weak U.N supervision. Let's 'WE', civil society stay tuned!
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Friday, December 12, 2014
MAN AG discloses $344 million in penalties and costs for bribe scandal
German truck and diesel engine maker MAN AG has said a five-year old bribery scandal has now cost the company €250 million ($344 million) in fines and penalties and investigation costs.
See more on FCPA BLOG
MAN SE (formerly MAN AG) (MAN:Xetra)(MAN:GR) is a Global Compact participant since 2010/12/06.
In 2013, MAN SE was a USD 15,000 contributor to the Foundation for the Global Compact, (USD 10,000 in 2012 and 2011.
Labels:
(MAN:Xetra),
bribe,
bribery,
corruption,
Germany,
MAN AG,
MAN Diesel & Turbo,
MAN SE,
Principle 10
Location:
Germany
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