So far this year, seven companies have paid a total of $2.6 billion in FCPA settlements, already making it the third largest year for financial penalties.… Continue Reading
In Uber’s first-ever SEC filing last week, it disclosed a two-year old FCPA investigation in five countries, including Indonesia and Malaysia. What might have gone wrong in those countries? Here are some clues.… Continue Reading
Uber Technologies, Inc. said Thursday the U.S. Department of Justice is investigating possible FCPA violations related to its activity in Asia.
According to Uber’s S-1 filing, the DOJ is investigating potential bribes in countries including Indonesia, Malaysia, China, and India. … Continue Reading
During most interviews, I’m asked this question or something like it: More companies than ever have compliance programs. Yet huge scandals keep making headlines. What gives?
To be fair, there’s plenty of evidence that compliance has failed: Volkswagen cheated on diesel emissions tests.… Continue Reading
The DOJ has taken “preliminary steps” to investigate if managers at Uber Technologies Inc. violated the Foreign Corrupt Practices Act, the Wall Street Journal said Tuesday.
The story cited as sources “people familiar with the matter” but didn’t name them.… Continue Reading
Last week I received a call from a multinational company concerned about activist shareholders targeting them for not yet achieving ISO 37001 Anti-Bribery certification.
The caller explained that the shareholders expect the company to prove that it’s serious about its anti-bribery efforts in a confirmable way.… Continue Reading
Dr. Alexander Stein: What corporate boards really need to consider when looking for a replacement CEO
Choosing a replacement chief executive is among the most consequential decisions a company’s board may ever tackle. Consider this new article which purports to detail what Uber should look for in a new CEO.… Continue Reading
As we near the year’s halfway point, I want to get in an early nomination for 2017’s Best and Most Important Blog Post. It was written by Susan Fowler, a one-time engineer at Uber who blogged about the sexual harassment and discriminations she experienced there.… Continue Reading
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