Compliance: Focus on Anti-Bribery/Anti-Corruption

Radiocasts | May 21, 2013 by Bonnie D. Graham

Today’s buzz: Bribery and Corruption. The global economy brings great opportunities. And great risks. On your home court or a new playground, whether perpetrated by your staff or a third party, new flavors of bribery and corruption fraud schemes are keeping regulators, boards and executives awake at night. Can technology help them sleep? The experts speak.

Vincent Walden, Ernst & Young: “Fraud is similar to fashion. Things get hot, then fade away. In the early 2000s (pre-SOX)…financial misstatements and ‘cooking the books.’ In the mid-2000s, stock-options backdating was hot. For the last 4–5 years, it is FCPA (and insider trading)…”

Thomas Fox, attorney, independent consultant: “Your compliance program is a living entity; it should be constantly evolving.”

Melissa Lea, SAP: “It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you’ll do things differently.” (Warren Buffett)

Join us for Compliance: Focus on Anti-Bribery/Anti-Corruption.

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