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January 03, 2007 

FCPA Article and Essay Contest

The Houston Chronicle has published an interesting interview with Alexandra Wrage, president of Transparent Agents and Contracting Entities (TRACE International ) on the difficulties U.S. companies face in complying with the Foreign Corrupt Practices Act (FCPA). TRACE International is a non-profit association that specializes in anti-bribery due diligence reviews and compliance training for international commercial intermediaries.

On a related note, the TRACE Institute — the research and publication arm of TRACE International — is holding its 2007 essay contest on the topic of “Why Bribe?”. Entries must not exceed 2,500 words and must be original, unpublished work, submitted by May 1, 2007. First and second prizes of $10,000 and $5,000 respectively will be awarded and a collection of the best essays will be published in 2007.

According to TRACE, the essay should respond to the following: “Can bribes be avoided? Extortion resisted? Do businessmen try? Do companies care?” and the "language should be simple and direct. Anecdotes are welcome. The judges admire the prose style of The Economist and Foreign Policy magazine and the stylistic advice of William Strunk." Entries are to be submitted to Essay@TRACEinternational.org.

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