The need for a top-down, transparent corruption program for communications with employees and global partners.
Is your business prepared? Is your anti-corruption program as language-transparent as it should be? Are you updated on the recent developments? Copenhagen Compliance and Red Flag Group offer a free seminar on the 28th of May 2014.
The potential for revenue growth in emerging markets is tempting. However, there is a very real risk related to charges of alleged bribery, fraud and corruption (BFC). Due diligence can be the answer along with additional research, development and testing 3rd party compliance. It is required as organizations are increasingly dealing with bribery regulation, compliance, and risk-management issues in multiple jurisdictions.
Create a culture of ethical conduct
The best way for a company to minimize the risk of BFC prosecution is to establish a compliance program and put adequate procedures in place to prevent acts of corruption and bribery. Still that is never enough. What is more important is to create a culture of ethical conduct that integrates and embeds the day-to-day operations. The transparent language can then ensure that it is clearly communicated to all employees and global partners within the business and organisation.
Trends
It is not just the U.S. Department of Justice and the Securities, Exchange Commission or The UK Fraud offices that are ramping up enforcement of anti-corruption laws. Enforcement agencies in the UK, Brazil, China, India are strengthening their anti-bribery and corruption oversight, implementing new directives, and hunting down violators with unprecedented enthusiasm. Recent news prove that some countries are working together and share information for joint legal actions.
Be vigilant and measure, monitor and manage
The globalization of corruption enforcement is a new enforcement trend. Some of the recent settlements with the Department of Justice and the SEC of Foreign Corrupt Practices Act charges for FCPA enforcement are also alarming. Therefore, businesses must be vigilant and measure, monitor and manage all these enforcement risks. Third parties due diligence and providing more training on anti-corruption policies and practices to employees is simply not enough anymore.
We would like to invite you to a free roundtable on Bribery and Corruption issues. The seminar will give you a different approach for improved learning and understanding of these issues. The executive roundtable is led by Mr. Scott Lane. He uses a unique hands-on approach, focusing on group exercises and discussion for an improved learning experience:
- Thorough examinations of real-life compliance scenarios challenge executives to leverage their existing skills, and the skills of others, to develop practical solutions
- Moderated group discussions encourage peer learning, offering detailed insight that larger, presentation-based conferences and seminars cannot offer
- An interactive approach makes it easier for delegates to fully absorb and understand new information in a practical context, leaving them fully equipped to immediately put their new skills to use.
To register send us an email. See attached program description.
