Sometimes I think that my Master’s Degree in Foreign Policy is the perfect academic background for today’s compliance environment. When we look at our newsfeeds, events such as the Arab Spring, the recent political and societal changes in countries as diverse as Brazil and Saudi Arabia, are all strong reminders that we live in a very fluid world. But the responsibility to know how these dynamics interplay with business development and operations is everyone’s responsibility. Not only should front-line personnel be aware and sensitized to local developments in the regions where they work, but business and compliance leaders should also be kept abreast of such changes. With that in mind, and given the changes that have occurred in China in recent months, China’s Crony Capitalism by Minxin Pei, Professor of Government, Claremont McKenna College is a must-read.
