Tagged: Internal Audit failures

Herbalife’s FCPA Settlement: Lessons Learned (Part III of III)

Herbalife’s FCPA settlement is another one for books – the wreckage left includes two criminal indictments for Chinese officials who may never be apprehended, along with $123 million in penalties.  When going through the wreckage, there are serious issues of corporate failures at senior levels of the company along with pervasive and systemic misconduct in China.  What is surprising is the obvious red flags of...