AVZ CEO proposed paying Congo middleman $US6m in cash, shares to help obtain lithium mining licence, page-44

Posted this on another thread but seems more appropriate here.

Summary of the AFR article:

• A corporation hired a lobbyist to aid it in negotiating with a government.
• In the process of doing so, the corporation's board consulted their legal advisors.
• Corporate risk management guidance indicated that the lobbyist lives and works in a country where corruption is rife so there is a possibility of him having encountered some.
• The corporation adopted some guidelines around bribery and corruption.
• The lobbyist is to be paid for his services, but his fee was a bit rich, so they reduced it.

Wow, earth shattering stuff. Sounds like the boardroom activity of every company that has dealings with governments.

interestingly AFR just lost a defamation case for writing an article that was "awash with innuendo"...