The FCPA is one of many tools the DOJ and the SEC put to use in facilitating national security in the U.S. And while they are some of the largest players in protecting the nation's interests, compliance professionals working for global corporations also play a critical role in identifying vulnerabilities and doing serious due diligence to minimize risks.
When James Cole, U.S. Deputy Attorney General, gave his keynote address at ACI’s 30th International Conference on the FCPA, he dedicated an inordinate amount of time to the issue of self disclosures of FCPA violations.
Even if a corporation sets out to establish a state-of-the-art compliance program with all the bells and whistles, it may still find itself without effective compliance if it fails to regularly assess the efficacy of that program. Hogan Lovells' Stuart Altman sets forth some basic steps to comply with the dictates of the Sentencing Guidelines and other laws that ...
Effective corporate compliance programs require significant board involvement and a corporate culture where compliance is actively promoted and publicly rewarded by the board and senior management.
How does your company deal with the question of fairness in its corporate compliance program? I thought about that question while reading an article in The New York Times (NYT) entitled “That Eternal Question of Fairness” by Nancy Koehn. In her article, Koehn discusses Paul Woodruff's book, The Ajax Dilemma: Justice, Fairness and Rewards, which considers how a company ...
As an independent corporate monitor, I am, among other things, obligated to assess the effectiveness of the corporate compliance programs of the organizations I monitor. Interviews of company personnel have proven to be one of the most reliable and effective tools in making this assessment. While many of the people interviewed are chosen randomly from […]
Over the summer, Jonathan Wroblewski of the DOJ submitted a report commenting on the operation of the sentencing guidelines and suggesting changes in the guidelines that appear to be warranted.