Armenia doesn’t top many investors’ lists. The former Soviet republic is in an ongoing military conflict with neighboring Azerbaijan, has two closed trade borders with Turkey and Azerbaijan (borders with Iran and Georgia are open), and pervasive corruption prevents Armenia’s three million citizens from prospering.… Continue Reading
Corruption remains a number one concern of citizens across the world. People feel left out of the benefits of globalization and are increasingly disillusioned with the public institutions meant to protect them and their economic and social interests.… Continue Reading
Across high-risk markets, mid-sized firms are working to differentiate themselves from the competition by demonstrating compliance with global anti-corruption laws and norms.
While the business case for anti-corruption compliance is often well received, implementing a robust compliance program that sufficiently reduces risks, prepares all staff, and clearly meets MNCs’ standards, can be a substantial task.… Continue Reading
A post this week by Frank Brown talked about spreading compliance to supply chains in high-risk jurisdictions. It’s a challenge without easy answers.
How do we overcome cultural differences and integrate local companies into supply-chain compliance programs without ruining relationships and busting everyone’s budget. … Continue Reading
Local firms in emerging markets are often highly attractive to multinationals looking for new suppliers and partners. Those local firms, many of them mid-sized, see joining a global value chain as a key step for survival.… Continue Reading