International investigations are the heart and soul of FCPA inquiries. As denoted by its title, the Foreign Corrupt Practices Act deals with bribes and offers to foreign officials and those of foreign state owned enterprises.… Continue Reading
All posts by Thomas Fox
One really cannot argue with the success of the British cycling program. As noted in an editorial in the Financial Times, in the most recent three Olympics the team has won 38 medals, 22 of which were gold.… Continue Reading
Typically when there’s a large corporate legal violation or other incident which damages the reputation of the organization, one of the key factors is the failure of the Board to engage in active oversight.… Continue Reading
In his most recent book Thank You for Being Late, Thomas Friedman cited BusinessDictionary.com for the following definition of culture:
It is the “pattern of responses discovered, develop or invented during the group’s history of handling problems which arise from the interaction of its member, and between them and their environment.… Continue Reading
At one time there was nothing more Texan than Blue Bell ice cream. Unfortunately, that was before the company nearly went under from a scandal involving listeria-tainted ice cream which caused the death of multiple consumers back in April 2015.… Continue Reading
Earlier this week Richard Bistrong and Marc Hodak, writing for the FCPA Blog, considered how the Wells Fargo incentive system got so out of whack, and how this out-of-whackness contributed to the scandal around fraudulent account openings that has engulfed the bank since last August.… Continue Reading
One of the most interesting non-Foreign Corrupt Practices Act enforcement actions was announced Friday by the Securities and Exchange Commission.
It involved a clear quid pro quo benefit paid by United Airlines to David Samson, the former Chairman of the Board of Directors of the Port Authority of New York and New Jersey, the government entity with authority over United Airlines’ operations at the company’s east coast hub at Newark, New Jersey.… Continue Reading
The Rio Tinto imbroglio around its mining concession in Guinea continues to become stranger and stranger.
One might think that a $10.5 million payment for a third-party consultant to assist in obtaining a lost mining concession in the notoriously corrupt West Africa country of Guinea, approved at the highest level of the company is unusual enough.… Continue Reading
Today is a Travel Edition from Venice. If there is one thing that’s ubiquitous throughout this city it’s the Gondolier, the Venetian Gondola boatman. You’re never far from hearing their cry of “Gondola, Gondola” to attract tourists for a fabled and romantic gondola ride.… Continue Reading
The FCPA Blog is the granddaddy of all the Foreign Corrupt Practices Act blogging. It was founded nearly 10 years ago by Dick Cassin and is recognized as one of the top sources for all things FCPA and compliance related.… Continue Reading