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What newspapers do you read?

Tom Fox | December 19, 2017

The Man From FCPA is old school in news consumption, reading four newspapers in good old fashioned print editions, daily. It is equally important for any chief compliance officer to keep up with daily events, to inform your company’s compliance program. Recall when the New York Times broke the story of allegations of corruption by Walmart’s Mexico subsidiary; what do you think other international retailers were doing over the next week? Hopefully, they were reviewing their compliance controls to see if they had any similar problems.

While perhaps not as dramatic as the Walmart story, one which may have a more lasting impact has been playing out in South Africa over the past few weeks and months. It is the institutional corruption now endemic in South Africa under the current president, Jacob Zuma and the Gupta family. They have essentially engaged in state capture of not only the government but also the state-owned enterprises from electricity to transportation to...

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