For many global companies, compliance with anticorruption laws in the current enforcement environment means erring on the side of caution. In the latest edition of an annual survey from Dow Jones Risk & Compliance, 67 percent of companies reported they had either stopped working with a business partner or delayed working with one because of concerns about corruption risk. Some 50 percent said they stopped or delayed a foray into emerging markets for the same reason.
Joel Lange, managing director of Risk & Compliance at Dow Jones & Company, told CorpCounsel.com that these statistics showing heightened risk awareness mean anticorruption regulation is doing its job. “Really, the point of the regulations in many ways is to identify where there may be risk and where there may be inappropriate behavior, and make sure you have systems in place to actively prevent corruption,” he said.
This content has been archived.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]
