Free Republic

UNITED NATIONS, June 24 (UPI) -- Chief executives from around the globe Thursday agreed at the U.N. Global Compact Summit that "business should work against corruption in all its forms, including extortion and bribery." The anti-corruption measure joins the nine other principles in initiatives promoting good corporate practices covering human rights, labor and the environment. The convention is the first globally agreed instrument to provide sweeping measures regarding the prevention of graft, its criminalization and international cooperation against it as well as recovery of illegal assets. The summit was the largest and highest-level gathering of its kind ever held at...