Philips to Pay $4.5 Million To Settle FCPA Allegations

Dutch electronics giant Koninklijke Philips Electronics NV (PHG, PHIA.AE) agreed to pay U.S. regulators $4.5 million to resolve allegations of foreign bribery, a spokeswoman said. Read more: on Fox Business. Koninklijke Philips Electronics N.V. is a Global Compact participant since 2007/03/06. Philips Electronics (PHIA:EN Amsterdam), (PHG) was a Gold Contributor to the Foundation for the Global Compact in 2012, 2011.

Lilly to Pay $29.4 Million to End SEC Foreign Bribe Case

Eli Lilly & Co. (LLY) agreed to pay $29.4 million to settle U.S. Securities and Exchange Commission allegations that employees of subsidiaries gave cash and gifts to officials in China, Brazil, Russia and Poland to win millions of dollars in business. More on Bloomberg. Eli Lilly & Co. is a Global Compact participant since 2009/12/02. Eli Lilly was a Gold Contributor to the Foundation for the Global Compact in 2012 and 2011.

Alcoa, Aluminium Bahrain Reach $85 Million Settlement Over Bribery Allegations

Alcoa has agreed to pay $85 million to settle allegations that the aluminum manufacturer and related companies paid millions in bribes that resulted in a Bahrain-controlled company overpaying for raw materials. Alcoa agreed to pay $85 million in cash to Aluminium Bahrain BSC, or Alba, without admitting liability. More on Law.com and on previous January 2012 blog. Alcoa is a Global Compact participant since 2009/09/23. Alcoa was a USD 10,000 contributor for the Global Compact Foundation in 2010.