Doing business globally has opened up organizations to new risks and rewards. Among the most pressing risks facing organizations today is the threat of bribery and corruption. New legislation (like the UK Bribery Act), increased enforcement of the Foreign Corrupt Practices Act (FCPA) and the threat of massive fines and imprisonment have elevated this risk for organizations of all sizes.
Employers have an opportunity to establish important legal defenses and credibility for their program with key enforcement agencies. Organizations that establish anti corruption programs and proactively work to educate and prevent corruption can increase compliance, reduce the likelihood of misconduct and avoid prosecution for missteps.