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Complying for compliance’s sake really helps no one. It doesn’t help the regulators who enacted the rule to ensure some sort of protection or expertise was gained. And it doesn’t help the company that is presumably getting none of benefits intended by the spirit of the rule. But we see it again and again and [...]
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The U.S. Foreign Corrupt Practices Act is not new. Founded in 1977, the act’s main mission has always been to curtail improper accounting practices by companies operating internationally and prevent bribes. Thus, the “corrupt” aspect. In many parts of the world, there is a thin line between a “gift” and a “bribe,” and this regulation [...]
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