TRACE International Inc. (TRACE) has successfully completed a TRACE Standard due diligence review of Midad Holding Company. TRACE has granted Midad Holding Company a certificate of membership signifying the company’s commitment to transparency in international commercial transactions.
TRACE is a non-profit membership association that pools resources to provide practical and cost-effective anti-bribery compliance solutions for multinational companies and their commercial intermediaries (sales agents and representatives, consultants, distributors, suppliers, etc.). TRACE provides several core services and products, including: due diligence reports on commercial intermediaries; model compliance policies; an online Resource Center with foreign local law summaries, including guidelines on gifts and hospitality; in-person and online anti-bribery training; and research on corporate best practices. For multinational companies, TRACE provides a practical and cost-effective alternative to increasingly expensive and time-consuming corporate compliance. For commercial intermediaries, TRACE offers a marketing advantage by creating a bridge between them and companies doing business internationally.
For more information about TRACE, please visit www.TRACEinternational.org.