From NAVEX Global, a look at the role of corporate boards in developing – and leading – anti-corruption compliance efforts at multinational corporations:
“Now more than ever, there is increased regulatory pressure on organizations – and their Boards of Directors – to create and maintain effective ethics and compliance programs…
[A]ntitrust/competition prosecutions are on the rise, product safety and quality issues are increasingly viewed as ethics and compliance issues, business partners and supply chains are under scrutiny with such laws as the California Transparency in Supply Chains Act, the DOJ is focusing on insider trading, U.S. FCPA prosecutions are increasing, the UK has enacted the Bribery Act, and the Dodd-Frank Act requires sound ‘speak up’ programs and establishes an SEC Whistleblower Program.
What is the net effect on the Board? CEOs and Board members are increasingly under the microscope – and under pressure to uphold both compliance and ethics oversight and company leadership responsibilities.”
Read the full update, Four Key Board Responsibilities for Monitoring Risk and Compliance - NAVEX Global»