The Man From FCPA

Smisek

Rarely in compliance do you see a CEO resignation as unceremonious as the ouster earlier this week of now former head of United-Continental, Jeff Smisek (left). While his removal doesn’t involve foreign government officials—only local ones at the Port Authority of New York and New Jersey—it does provide some FCPA lessons. The Man From FCPA, Tom Fox, has more inside.

One consequence of the Yates Memo that has not received as much attention is whether current directors-and-officers liability insurance provides appropriate insurance coverage for the legal expenses incurred by executives who might go through an internal investigation. The answer may well be no; Tom Fox has more inside.

The Man From FCPA recently spoke with Dan Chapman, CEO of Presyse Compliance, about his experience with the non-monetary costs and indirect costs of a major FCPA investigations.

If you follow this basic protocol from The Man From FCPA, you should be able to work through most investigations, in a clear, concise and cost-effective manner.

If your stakeholders do not trust you, they will not confide in you in a meaningful manner. Many commentators talk about business ethics, but it may all start with business trust.