Resource: Legal Issues in International and Domestic Business: Foreign Corrupt Practices Act articles on the student website
Select and read four of the articles listed under Legal Issues in International and Domestic Business: Foreign Corrupt Practices Act.
Discuss with your Learning Team the compliance issues associated with the Foreign Corrupt Practices Act. The challenge for many companies is how to identify and reduce the FCPA risks posed by employees and non-employees who may not understand the many nuances of anti-corruption and anti-bribery laws and policies.
. Compliance programs have not been spared (though decreases in compliance budgets have not been as steep as many anticipated, and some companies have allocated more money to this area).
The combination of tighter legal requirements and tighter budgets has forced compliance offi cers to rethink processes of risk assessment and mitigation with an eye toward becoming both more effective and effi cient in program design and resource allocation.
Compliance professionals typically are tasked with managing delivery of training and certifi cations—in one form or another—across the enterprise. For many companies, the process requires multilanguage versions of compliance messaging and document delivery across the globe.
Program managers that depend on manual approaches to bread-and-butter compliance functions such as the annual code of conduct certifi cation or confl ict of interest disclosure can quickly fi nd themselves overwhelmed. A growing number of compliance teams now recognize that managing compliance risks effectively in a resource constrained environment requires the use of smart technology. While valuable, the usual methods of risk assessment—deploying surveys, conducting interviews, running audits, and the like—are both time consuming and