Siemens’ story was a real turning point for the compliance community; the company continues to hold the record for the largest penalties in an international bribery case (a total of $1.6 billion in fines, penalties and disgorgements). Alexandra Wrage speaks with Peter Solmssen, former General Counsel at Siemens, about the misconduct and how the company turned things around.
TRACE International, Inc. is a globally recognized anti-bribery business organization and leading provider of third party risk management solutions. Members and clients include hundreds of multinational companies headquartered in the U.S. and worldwide. For more information, visit www.TRACEinternational.org.
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