Copying corporate behaviour. (Currents).As NGOs struggled for binding international rules to make corporations socially and economically accountable at this year's World Summit on Sustainable Development, yet another story was unfolding to illustrate why such rules are needed. US photocopier photocopier Device for producing copies of text or graphic material by the use of light, heat, chemicals, or electrostatic charge. Most modern copiers use a method called xerography. giant Xerox has over 50-per-cent market share in photocopiers in India. In August this year, Press Trust of India Press Trust of India (प्रेस ट्रस्ट ऑफ़् इंडिया, भाषा)is a nonprofit cooperative among the Indian newspapers. reported that authorities in India were investigating 85 accounts through which Xerox was believed to have paid bribes to government officials to win sales. This Followed April litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. in the US which concluded in Xerox paying a record $10 million to the Securities and Exchange Commission. The payment was made to settle charges that Xerox overstated o·ver·state tr.v. o·ver·stat·ed, o·ver·stat·ing, o·ver·states To state in exaggerated terms. See Synonyms at exaggerate. o its financial results by $3 billion over four years in order to defraud investors and inflate its earnings. |
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