Recently in the news we've all been witnessing Glencore's attempts at a hostile takeover of Canada's largest remaining miner, Teck Resources. Glencore was fined $1.1 billion in the United States last year for violating the U.S. Foreign Corrupt Practices Act, for basically bribery and corruption around the world in their mining operations, which they use as a cost of doing business.
Canada has fined one of their subsidiaries $28.5 million for misleading investors. The United Kingdom fined them almost half a billion Canadian dollars for the same issues around corruption and bribery in Africa.
Should this act contain an automatic provision review and consideration about companies that have been convicted of bribery, corruption and breaching those laws around the world, or that have even done a settlement out of that process in order to get away from those charges?