Photo Credit: International Organization of Standardization (via Veracity Asset Management Group) Back in October, the International Organization of Standardization (ISO) released the long awaited ISO 37001, a new international standard designed to help organizations prevent, detect and address bribery. As a potential game changer in international anti-bribery standards, the ISO 37001 can be used by… Read More
Photo Credit: Wikipedia (https://en.wikipedia.org/wiki/Hanjin) What are the primary economic concerns for the next South Korean administration? According to a poll conducted by Han-kook Research on April 17, “Job Creation” (34.1%) ranked as one of the top priorities for the next administration. “Resolving polarization” (20.6%), “small and medium-sized enterprise (SME) empowerment” (20.4%) and “chaebol reform” (12%)… Read More
Photo Credit: VC Voices (http://vcvoices.org/2016/04/millennials/) A recent Wall Street Journal blog article highlighted concerns about the “me-first” millennial generation pouring into the workplace in the near future. According to the article, millennials seem to care less about institutes and authority and as a result there is a fear that they would be more likely to… Read More
Photo Credit: DFID (via Flickr) Although the international development community aspires to noble ends, the firms and organizations therein are not free from the same compliance challenges that face corporations with more naked profit motives. Adam Smith International (ASI), the largest international development contractor for the United Kingdom’s Department for International Development (DfID), can attest… Read More
Photo Credit: Robert (via Flickr) In January 2017, Rolls-Royce, one of the world’s largest luxury-car and aircraft engine manufacturers, agreed to pay $800 million in a global settlement with the United Kingdom’s Serious Fraud Office (SFO), the U.S. Department of Justice (DOJ), and Brazilian prosecutors. Rolls-Royce acknowledged that in the course of three decades it… Read More
Photo Credit: Wikipedia via https://en.wikipedia.org/wiki/File:Flags_south_america.png What makes the Odebrecht case so special? In December 2016, Brazil’s biggest construction company Odebrecht and its petrochemical subsidiary Braskem agreed to pay at least $3.5 billion to Brazilian, US, and Swiss authorities in a multi-country Foreign Corrupt Practices Act (FCPA) settlement. Aside from this record-breaking settlement, the Odebrecht case… Read More