In its latest annual report, the oil services giant KBR warned its share holders that measures preventing it from using go-betweens could cost it contracts. Since it admitted on Feb. 11 that it had bribed Nigerian officials (AEI598), KBR must operate under the eye of a corporate monitor at the behest of the U.S. Justice Department. Named by the Justice Department but paid by KBR, the monitor must see that the group complies with American legislation against corrupting foreign officials. He will keep a specially close eye on KBR's use of agents and intermediaries. The oil services group insists that middle-men are necessary to land contracts. In its 10-K report filed with the Securities and Exchange Commission last month, KBR explained that all of its major overseas projects were negotiated and carried out through the intermediary of agents.
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机译:石油服务业巨头KBR在其最新的年度报告中警告其股东,防止其使用中介人的措施可能会导致其合同成本下降。自从2月11日承认曾贿赂尼日利亚官员(AEI598)以来,KBR必须按照美国司法部的要求在公司监控人员的监督下开展业务。监督者必须由司法部任命,但由KBR支付费用,必须确保该组织遵守美国打击外国官员腐败的法律。他将特别密切关注KBR对代理商和中介机构的使用。石油服务集团坚持认为,中间人是签订土地合同所必需的。 KBR在上个月向美国证券交易委员会(Securities and Exchange Commission)提交的10-K报告中解释说,其所有主要的海外项目都是通过代理商的中介进行谈判和执行的。
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