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What are the effects of C-Suite involvement in bribery and corruption?

Tom Fox | August 28, 2017

What is the true cost of a catastrophic failure of compliance? What happens when bribery and corruption extends to the C-Suite? If a CEO is taken down from a compliance and ethics failure, what will be the effect on the business of the organization? In the United States, there have been just a few FCPA enforcement actions where the conduct reached up in to the C-Suite, even fewer where C-Suiters have been prosecuted.

The Odebrecht corruption enforcement action took down the CEO of the organization. It also damaged the entire company as a large part of its business model was based on obtaining contracts through the bribery of the governmental decision makers. Yet, there is another business effect not as often noted, largely due to the paucity of company leaders prosecuted for bribery and corruption. As reports noted, Lee Jae-yong, the heir and head of the world wide... To get the full story, subscribe now.