Ways to Anti-Commercial-Bribery from View of Legal Institution of Corporate Governance

Nankai University (Philosophy and Social Sciences) 5:1-8 (2006)
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Abstract

In recent years, commercial bribery incident after another, the business community has become a serious hazard, how to become an important issue of governance. The traditional anti-commercial bribery law has been insufficient to deal with commercial bribery, open up his way, especially from commercial bribery roots, it is necessary. The subjects of commercial bribery, the company directors, supervisors and executives, and commercial bribery is also the main victims of the company and its stakeholders, commercial bribery laws repeated with internal and external governance mechanisms are also associated with defects. Therefore, by strengthening the company's internal and external legal system of governance to achieve the purpose of anti-commercial bribery, would be a rational choice. Commercial bribery occurs frequently in the years past, and becomes a serious economic problem. While how to tackle the bribery comes to be an urgent importance, the law against commercial bribery is far from efficient, therefore, it is essential to take another way to govern it. We hold that commercial bribery is closely connected with the corporate governance: the bribery subjects are mainly corporations and top management, the victims are also mostly corporations and interested subjects, and the frequent occurrences of commercial bribery are relative to the defects of corporate governance . Hereby, perfecting the legal system of corporate governance both internally and externally and externally is a wise way for governing commercial bribery

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