Assessing the implication of voluntary disclosures under the FCPA Corporate Enforcement Policy

Globally, enforcement has seen an upward trend in recent times, particularly in fraud, bribery and corruption related cases. Developed markets with strict regulations and enforcement are leading the way here, endorsing cross border collaboration and the benefits of voluntary disclosures to deter penalties. Driven by the US Foreign Corrupt Practices Act (FCPA), many companies have … More Assessing the implication of voluntary disclosures under the FCPA Corporate Enforcement Policy

Expanding the arc of global corporate compliance

Today’s world of corporate compliance is characterized by an increasing number of enforcement actions related to bribery and corruption. Co-operation and information sharing between enforcement agencies on multi-jurisdictional cases is also increasing. Parallelly, nations such as Brazil, Canada, Mexico, France, India, Russia, Spain and Korea are either adopting anti-bribery laws or strengthening existing legislations. By … More Expanding the arc of global corporate compliance

The ethical dilemma – to gift or not to gift?

Gift giving is a customary practice during festive seasons and special occasions (such as birthdays) in many parts of the world. But where should one draw the line in matters of business? What can be done when company executives are expected to give away ‘perks’ in the form of special movie screenings, free tickets to … More The ethical dilemma – to gift or not to gift?

Software product start-ups eyeing global expansion – what are the typical compliance issues faced?

Sparked by innovative ideas and led by entrepreneurial talent, the Indian start-up ecosystem has seen skyrocketing growth over the last few years. But every burgeoning business is faced with its own set of challenges. The Indian software products space has shown immense promise; but it has also become vulnerable to compliance related issues.

Tone at the Top: The foundation of an effective compliance program

Of late, the corporate sector is abuzz with the need for an effective compliance and ethics programs due to the rise in the number of frauds and consequent regulatory actions. Numerous policies around anti-corruption, whistleblowing and ethics code attempt to ensure compliance with the changing legal environment. But is mere drafting of policies good enough … More Tone at the Top: The foundation of an effective compliance program