Every fan of baseball knows the story. After having been acquitted of taking bribes to throw the 1919 World Series involving the Chicago White Sox and Cincinnati Reds, a young baseball fan is reported to have said to Shoeless Joe Jackson “Say It Ain’t So, Joe.”… Continue Reading
Last week Dick Cassin reported on the FCPA Blog yet another guilty plea in the ever ongoing PDVSA corruption scandal. As Cassin noted, “Jose Manuel Gonzalez Testino (Gonzalez), 49, of Miami, Florida, pleaded guilty in federal court in Houston to one count of conspiracy to violate the Foreign Corrupt Practices Act, one count of violating the FCPA, and one count of failing to report foreign bank accounts.”… Continue Reading
Preet Bharara gave the morning keynote at the second day of Compliance Week 2019. It was interesting because rather than a speech he did so with a one-hour Q&A format with Allen & Overy partner Gene Ingoglia facilitating the session through the role of the questioner.… Continue Reading
What does it mean to have a zero-tolerance policy for illegal or unethical conduct? Does it mean no as in never, no as in maybe, or no as in we’ll see?… Continue Reading
Want any greater evidence of not only the effectiveness of compliance but its now mandatory nature as a business process going forward? Look no further than the marketplace.
Two recent announcements of significant venture capital funding made clear that companies which deliver products and services in the compliance arena are viewed as prime business opportunities.… Continue Reading
Compliance professionals should exult as a major global concern, Siemens, has named a CCO to its Board of Directors.
Railway Gazette reported that “Sylvie Kandé de Beaupuy, Group Ethics & Compliance Officer of Airbus Group” has been nominated to the combined Board of Directors created from the Siemens Mobility-Alstom merger.… Continue Reading
There is often discussion of the costs of bribery and corruption. Yet one question not often considered is the state of company after it goes through a corruption enforcement action.
The name Odebrecht is well known in the anti-bribery/anti-corruption world for having the world’s second largest corruption fine ($2.7 billion) in the United States, Brazil and Switzerland.… Continue Reading
The case of Barclays chief Jes Staley attempting to unmask an anonymous whistleblower came to an almost imperceptible and silent ending recently when the UK’s Financial Conduct Authority concluded that Staley’s actions were not done intentionally but apparently with some other, lesser standard.… Continue Reading
I wish I could write a headline as great as the above banner which appeared over a piece written by Thorton McErney in Dealbreaker.
It came in a story about the actions of a group of institutional shareholders in Wells Fargo, led by the Interfaith Center on Corporate Responsibility.… Continue Reading