ABSTRACT
The limited liability company, as it has evolved into the modern corporate form, remains the vehicle through which business is conducted in developed capitalist economies. In Western democratic societies, the rights and freedoms, as well as the duties and responsibilities of natural persons, are found in both the formal, legal and normative domains. The web of commercial interactions, the resulting economic and social benefits of the marketplace led to the institutionalisation of the market’s influence on and within society, alongside the family, religious institutions, communities and the law. With the increasing fluidity of markets and capital, corporate entities operating across traditional geopolitical boundaries, global money managers and multinational enterprises can enter a grey area between state boundaries. In Canada, the Corruption of Foreign Public Officials Act S.C.1998 c. 34 was enacted pursuant to the country’s international obligations under the Organisation for Economic Co-operation and Development Convention on Bribery.
