New Game Plan for Corporations Preventing Global Corruption

Patrick Oot and Scott Herber from Inside Counsel recently reported on the Obama Administration's release of The U.S. Global Anti-corruption fact sheet. This agenda covered numerous action plans to raise awareness for international transparency and restrict global corruption. In particular, Inside Counsel mentioned how corporations might react to the government’s plan of strengthening global Foreign Corrupt Practices Act enforcement:

“As a result, corporations might consider stepping up compliance and monitoring programs to protect international brands by promoting an image of transparent and accountable partners. In addition, U.S. businesses must prepare to meet the demands for investigating and monitoring electronically stored information (ESI) located in foreign jurisdictions. Global investigations require looking beyond traditional preserve-collect-review and produce strategies, so counsel must account for foreign legal traditions, cultures and languages.”

 The United States alone has “since 2009, resolved criminal cases against more than 50 corporations worldwide with penalties of $3 billion.”

Cross-border anti-corruption enforcement by the DOJ and SEC is changing aggressively, and companies need to know where they stand in the context of these changes in order to implement an effective solution.  Specifically, an effective anti-corruption management solution covers 7 categories that range from scope and quality of risk assessment to an anti-corruption compliance team. Source Intelligence has teamed with the Center for Responsible Enterprise and Trade (CREATe) to offer an informative, Anti-Corruption Crack-Down Webinar that presents key priorities for addressing supply chain risk, and what can be done to protect companies and brands from corruption. Reserve your spot here.

About Source Intelligence
Source Intelligence® is the leading supply chain transparency company that provides a SaaS platform to help customers make informed decisions about their business partners and suppliers, so they can offer products that meet legal, ethical, and environmental standards. Its cloud-based platform and regulatory compliance and assessment services provide customers with visibility into their sensitive service providers, supply chain and material sources to minimize operational and brand risk, and improve efficiency for the world’s largest brands. Source Intelligence^® combines the best of cloud-based technology with a 24/7 Supplier Engagement Team to provide clients with the scalability, flexibility and expertise needed to turn supply chain and supplier data into a meaningful and actionable decision tool. Source Intelligence® is headquartered in Carlsbad, CA with operations that extend globally. www.sourceintelligence.com.

About the Center for Responsible Enterprise And Trade (CREATe.org)
The Center for Responsible Enterprise And Trade (CREATe.org) is a non-governmental organization dedicated to helping companies and their suppliers and business partners reduce counterfeiting, piracy, trade secret theft and corruption. To achieve our objectives, we have developed CREATe Leading Practices for IP Protection and CREATe Leading Practices for Anti-Corruption, two services based on best practices drawn from companies around the world, academics, and other leading organizations. Our offering includes practical, scalable and cost-effective online assessments, independent evaluations, training and other resources designed to benchmark and improve practices for safeguarding IP and preventing corruption. Companies around the world are using CREATe Leading Practices to measure and improve systems for IP protection and anti-corruption. The service is available in Chinese, English, Portuguese and Spanish. For more information, please email info@CREATe.org or visit www.CREATe.org.

To read the full article from Inside Counsel, click here.