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NYSE Governance Webinar February 19, 2015: A Review of FCPA Enforcement and Compliance Trends

NYSEFebruary 19, 2015, 1 pm EST

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I am proud to participate with NYSE Governance in a Webinar reviewing FCPA Enforcement and Compliance Trends from 2014.

The Justice Department and the SEC continued its aggressive enforcement of the Foreign Corrupt Practices Act (“FCPA”).  Corporate penalties increased and major settlements were concluded against Alstom, Alcoa, Hewlett-Packard and Avon.  Total fines and penalties exceeded $1.5 billion, the second-highest annual total in FCPA history.  DOJ and SEC found that many companies had inadequate compliance programs that were sorely understaffed.  In several enforcement actions, DOJ cited weak to non-existent internal controls as required under the FCPA.  Companies need to review these enforcement actions, coupled with updates on DOJ/SEC official statements regarding anti-corruption compliance expectations and best practices.  Given the continuing aggressive enforcement environment, companies and compliance staff need to review, reassess, and remediate their own compliance programs to ensure that they are effective.

Join us on February 19, 2015 at 1:00 p.m. ET as NYSE Governance Services hosts part one in our anti-corruption webinar series where we will discuss anti-corruption updates, an overview, and new and trending best practices in anti-corruption programs. Erica Salmon Byrne, Head of Advisory Services and Research for NYSE Governance Services and Michael Volkov CEO for The Volkov Group will discuss the following:

  •  Lessons from recent enforcement actions
  • Focus on Internal Controls and Gifts, Meals, Entertainment, and Travel Expenditures
  • Trends for 2015 enforcement and Ethics and Compliance Program Requirements
  • Increase in International Anti-Corruption Enforcement Risks

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