Cleaning up corruption in the business
The GC acts as that classic figurehead of the summer: the lifeguard. She watches the waves to make sure no sharks are looming and, if we are in trouble, she swims out to rescue us and bring us back from dangerous waters.
May 21, 2014 at 08:00 PM
5 minute read
At this time of year, it's natural to be optimistic, to think of the bright, cheery side of business, rather than the sordid underbelly.
But that dark side of business is where many compliance professionals operate, and they—and their general counsel colleagues—are forced to deal with the worst aspects of corruption and graft. These days, we hear more and more stories about major multinational corporations coming under fire for violating policies such as the Foreign Corrupt Practices Act (FCPA).
As contributing editor Ed Silverstein notes (p. 22), crime does not pay. FCPA enforcement is on the rise, and large enterprises must keep this in mind when designing their compliance departments.
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