The Board’s role in anti-corruption compliance

March 2014
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The Board’s role in anti-corruption compliance

At a glance

In an environment of expected increasing regulatory enforcement, Board members should be keeping their focus on their role in ensuring compliance with anti-corruption statutes. This article discusses some of the key responsibilities of the Board specifically related to anti-corruption compliance programs and risks Boards should consider related to potential shareholder and derivative class actions arising from alleged violations of the Foreign Corrupt Practices Act (FCPA).

This article also discusses resources available to Boards, as despite the increase in high-profile, newsworthy matters and the past decade of increasingly aggressive FCPA enforcement activities, public company disclosures regarding Board governance of anti-corruption compliance programs remain limited.