Corruption Risk: 5 Questions you need to ask
Alstom is the latest high-profile example of a multi-national facing severe reputational and financial damage as a result of a bribery scandal across its global operation. And the US$ 772 million fine levied in connection with its bribery schemes around the globe is, perhaps, just the first step in the fall-out from this crisis.
Anti-bribery laws are tightening at the national and international level, sending an unmistakable message of zero tolerance to companies around the world. Boards should act now to revisit their anti-corruption measures, including developing a robust pro-active board-level strategy to address corruption risk. You need to adopt a balanced, intelligent approach to corruption risk management that fits the changing risk profile of your business and will protect the organisation as it pursues its goals.
Clifford Chance will help you assess your bribery and corruption exposure, and develop a well-informed risk strategy that embeds effective corporate governance and robust corruption controls throughout the organisation.
Be clear on corruption risk: 5 questions you need to ask
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Consumer Goods & Retail, Healthcare, Life Sciences and Chemicals, Industrials, Private Equity, Transport & Logistics, Insurance, Real Estate, Funds & Investment Management, Banks, Telecoms, Media & Technology (TMT), Business risks, Hot topic: Anti-corruption and anti-bribery