Over the past few years, an extraordinary number of technology companies have gone public or filed paperwork to become public companies. Often times, many of these companies have experienced remarkable growth in their businesses. In the rush to “go public,” however, many of these companies pay little attention to implementing robust anti-corruption compliance programs tailored to the company’s business risks internationally.
Instead, companies dedicate resources to readying the business and implementing basic corporate governance standards using “off-the-shelf” policies and procedures sufficient to satisfy requirements imposed by the securities laws and underwriters. While that approach reflects a level of pragmatism often necessary for companies still building out their legal and compliance infrastructures, technology companies that do not revisit their Foreign Corrupt Practices Act (FCPA) compliance program within a reasonable period of time following IPO run significant compliance risks.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
