Compliance Communications Blog

"FAW-Volkswagen, Marketing and Corruption"

-
12/2/14: FAW-Volkswagen automotive co Ltd, a joint venture between China’s FAW Group Corp car maker and Germany’s Volkswagen AG, has come under scrutiny by China’s Central Commission for Discipline Inspection for possible corruption. The case is part of a massive push by Chinese officials to address corruption by global and domestic...companies – a push that is setting new rules and risks for international organizations. Based on its own investigations, FAW-Volkswagen axed contracts with 19 PR and advertising agencies according to the China Compliance Digest. But, that’s not all. AdAge reports that since then Lu Minjie, public relations director of the Audi brand in China, is under investigation by the central Chinese government's anti-corruption taskforce. 
Click Here to Read the Report in AdAge

Subscribe To The Communicate Compliance Blog

Essential Tips And Insights For Compliance Professionals