Tailoring Compliance Efforts to Address Challenges in India

With a reputation for widespread bribery and corruption, India can be a challenging locale in which to do business. Direct foreign investment into the country is worth at least $55 billion, and a number of major multinationals have faced FCPA enforcement actions arising out of their operations there, observed Foley & Lardner partner David Simon at a program at the Society of Corporate Compliance and Ethics 15th Annual Compliance and Ethics Institute. Program panelists, including Laurel Burke, associate general counsel at Regal Beloit Corporation, and Sherbir Panag, a partner at MZM Legal based in Mumbai, addressed steps companies can take to avoid corruption in India, along with the unique challenges companies face as they develop effective compliance programs there. See “How to Recognize and Address FCPA Challenges in India” (Jun. 12, 2013).

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