Photo Credit: Janak Raja via Flickr Throughout its forty plus year history, European aircraft and defense group Airbus has been no stranger to controversy. Whether it was the long-running investigation into alleged corruption in an Airbus subsidiary operating in Saudi Arabia or an insider trading investigation involving company shares, scandal seems to follow Airbus, no… Read More
Photo Credit: Richard Masoner via Flickr Third parties lie at the heart of corporate compliance risks as 90% of FCPA cases involve external intermediaries. A third party is any person or entity that is not a direct hire or main party to a transaction – typically a contractor or an out-sourced service provider. Examples of… Read More
CIPE’s Anna Kompanek Director of Multiregional Programs interviews Lisette van Eenennaam Group Legal Counsel Integrity, Vice President, ABB Asea Brown Boveri Ltd about anti-corruption compliance for international corporations. What attracted you to the field of anti-corruption compliance? I became interested in related topics quite early when I was in law school in the Netherlands and I… Read More
The good news according to the 2015 Anti-Bribery and Corruption (ABC) Benchmarking Report is that many risks have plateaued since the report’s launch in 2011. The bad news is that the survey answers still paint a discouraging picture of compliance officers’ struggles to implement a global strategy for anti-bribery compliance and to tame vendor and… Read More
According to an Ernst and Young Report, the U.S. Department of Justice said in 2012 that more than 90% of its anti-corruption actions involved the actions of third parties. The heads of compliance programs worry that they don’t know where to begin when designing a process for reviewing all third-party business partners. Why we are so… Read More
As the world’s multinational companies seek profits in new, high-risk markets, they inevitably start depending on local businesses – third parties – to operate. Such partnerships bring with them both the promise of mutual growth and, for the multinational, responsibility for the behavior of its new local partner. That’s because aggressively applied laws such as… Read More