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The Board’s Role in Anti-Corruption Compliance

Although much has been written about the increased regulatory enforcement risks facing companies, there has been a dearth of focus on how Boards and Audit Committees should respond. For example, legislation aimed at quashing corruption — US Foreign Corrupt Practices Act (FCPA), the UK Bribery Act, the Canadian Corruption of Foreign Public Officials Act, and other anti-corruption statutes — all can spell trouble for violators, including Board members.

Although much has been written about the increased regulatory enforcement risks facing companies, there has been a dearth of focus on how Boards and Audit Committees should respond. For example, legislation aimed at quashing corruption — US Foreign Corrupt Practices Act (FCPA), the UK Bribery Act, the Canadian Corruption of Foreign Public Officials Act, and other anti-corruption statutes — all can spell trouble for violators, including Board members.

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