The DOJ and SEC have prosecuted 240 different companies (by my count) for FCPA offenses. Of those 240 companies, 13 have been repeat FCPA defendants. That means the recidivism rate for all corporate FCPA defendants is about 5.5 percent.… Continue Reading
Posts Tagged: Baker Hughes
Critics and supporters shower attention on the FCPA’s affirmative defenses for local law and promotional expenses. And the facilitating payments exception is a rich vein for the FCPA commentariat. Why, then, is the FCPA extortion defense mostly ignored and neglected?… Continue Reading
Employer: Baker Hughes
Location: Houston, Texas USA
Description: An executive position leading the Baker Hughes’, a GE Company’s Legal Compliance function. The Chief Compliance Officer will lead and direct compliance and identify and abate compliance risks including policy compliance, legal and regulatory risks, develop strategy, and implement relevant changes to related policy & processes as needed.… Continue Reading
Today the Houston Greater Business and Ethics Roundtable (GHBER) will hold its first Ethics and Compliance Awards Dinner in honor of the 20-year anniversary of the organization’s founding. We will award the Bette Stead Leadership Award (Stead is the founder of GHBER) to Jay Martin, Vice President, Chief Compliance Officer and Senior Deputy General Counsel at Baker Hughes Inc.… Continue Reading
Those posters and coffee mugs in the home office challenging employees to “Speak UP! We are ALL Ethics” don’t have much impact in field offices eight or ten thousand miles away.… Continue Reading
Texas-based oil and gas services firm Baker Hughes once held the record for the biggest FCPA settlement of all time.
In 2007, the company paid $44.1 million in penalties and disgorgement, an astonishing amount at the time, and a signal that enforcement was shifting into high gear.… Continue Reading
We haven’t had to update our list of corporate FCPA cases with the biggest disgorgements since March 2011. But now we do, thanks to Pfizer.