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Reflection - Law 531

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Team D: Week Six Reflection
LAw 531
September 19, 2011
Jon Jamieson

Team D: Week Six Reflection
Since the inception of the Sarbanes-Oxley Act, companies are finding it more difficult to understand the mounting government regulations imposed on conducting business here and abroad. The trends that exist because of corruption within the business world are astounding; however, aggressive enforcement by the Department of Justice (DOJ), the Securities and Exchange Commission (SEC), and the Foreign Corrupt Practices Act (FCPA) has brought compliance process systems into the forefront of high level management and board of director’s minds. However, with the economic downfall and high unemployment rates companies are having to more with less, causing compliance risk management plans to be out on the back burner. This should not be a reason to fall back on as an excuse not to have a program in place; it is even more vital to organizational success given the global outlook and doing business with so many foreign countries.
According to the article, Anticorruption Trends, the most important factor of having an FCPA compliance program is being able to show that it works and is being used. One of the compliance issues discussed in an article was bribery. According to the reading, not only is the U.S. interested in preventing overseas bribery, but so are other governments; they have also begun to adopt a no-nonsense attitude with respect to bribery. Organizations are exercising caution because even an investigation of bribery could mean numerous man hours, resources and money lost for the business.
Another issue related to poor FCPA compliance is civil law suits. These lawsuits are usually in the form of class-action lawsuits. Though not always successful, class-action lawsuits could mean steep fines and a loss of a lot of money for the business. According to the

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