It is important to understand one’s limitations in life. In the world of compliance, CCOs need to be realistic when they start a new job with a new company. It also means that a CCO has to be honest with himself or herself. Every person knows deep down their strengths and weaknesses. CCOs know this as well. Some CCOs (and people) have a “can do”...
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Companies are always trying to do more with less. Senior executives will spend hours designing policies and programs to stretch dollars, resources and reduce costs. Committees are established for such research projects, consultants are brought in and solutions are reviewed and eventually implemented. Senior managers could reduce the time, the expense and angst involved in this process by just applying common sense. Companies waste inordinate...
I am pleased to announce the launch of the new Volkov Law Group website (Here), Facebook Page (Here), Linked In Profile (Here) and You Tube Channel (Here). My practice has grown from largely a solo practice to a boutique practice, and currently includes three talented associates. Our firm focuses on compliance, enforcement defense and internal investigations. We have created a platform which will assist our...
In response to aggressive FCPA enforcement, the compliance industry has embraced innovative strategies and tools. Whether your company is large, medium or small, it is important to stay abreast of industry best practices. Some of these new strategies can be modified for application in different size companies. Join Michael Volkov, CEO of The Volkov Law Group, for an examination of FCPA compliance program best practices....
In this era of aggressive FCPA enforcement, companies are adopting anti-corruption compliance programs. The Department of Justice and the SEC have warned companies against adopting “paper compliance programs” without meaningful and consistent implementation. In recent weeks, FCPA enforcement has focused on hiring of relatives of foreign officials and corruption schemes involving third parties. Join Michael Volkov, CEO of The Volkov Group, as he discusses ways...
Almost every FCPA enforcement action involves misconduct by third party agents and distributors. The Justice Department and the SEC have emphasized the importance of companies conducing appropriate due diligence. In the absence of proper due diligence procedures and documentation, companies face significant bribery and enforcement risks. Companies that design and implement due diligence policies and procedures are taking proper precautions to avoid costly government investigations...
The Department of Justice had a record year in criminal antitrust enforcement. Global enforcement and coordination continues to increase. As a result, global companies face significant antitrust risk from cartel activity. Unlike the anti-corruption area, companies have not devoted significant resources to improving their compliance programs and integrating antitrust compliance into an overall compliance and ethics program. Join Michael Volkov, CEO of The Volkov Group,...
Companies are devoting more resources to monitoring their compliance and ethics programs. Whether the audit is conducted at corporate headquarters or in the field, there are important issues which should be examined during the audit. Join Michael Volkov, CEO of The Volkov Group, as he discusses how to audit a compliance program. View more videos like this on the Volkov Law Group YouTube Channel.
FCPA risks are significant when companies acquire other companies. The Justice Department and the SEC have imposed “successor” liability on companies for past bribery violations committed by an acquired company. Pre-closing due diligence is critical when companies buy another company. Due diligence is an art, not a science, and critical for companies to identify and resolve potential FCPA liability. Join Michael Volkov, CEO of The...
