It is easy to forget that businesses need to focus on a number of significant risks. Anti-corruption is one of many threats to global companies. The tone-from-the-top message has to cut across all of these risk. The reason for this change is the financial crisis. In response, government activism and enforcement powers have been expanded in a dramatic way. More than ever, compliance must be a top priority for every business.
The government has new powers and is exercising them aggressively after the financial crisis. This trend is likely to continue. The Dodd-Frank Act represents the biggest expansion of government power over banking and markets since the Great Depression. The U.S. Chamber of Commerce estimates that the 2300-page Act will require 500 regulations, 60 studies, and 93 report. The U.K. Bribery Act, which is effective July 1, 2011, creates new and significant compliance challenges.
Consider the enforcement trend in five primary areas: ...CONT/=
It is easy to forget that businesses need to focus on a number of significant risks. Anti-corruption is one of many threats to global companies. The tone-from-the-top message has to cut across all of these risk. The reason for this change is the financial crisis. In response, government activism and enforcement powers have been expanded in a dramatic way. More than ever, compliance must be a top priority for every business.
ReplyDeleteThe government has new powers and is exercising them aggressively after the financial crisis. This trend is likely to continue. The Dodd-Frank Act represents the biggest expansion of government power over banking and markets since the Great Depression. The U.S. Chamber of Commerce estimates that the 2300-page Act will require 500 regulations, 60 studies, and 93 report. The U.K. Bribery Act, which is effective July 1, 2011, creates new and significant compliance challenges.
Consider the enforcement trend in five primary areas:
...CONT/=