Checklist of Issues to Consider When Implementing a Hiring Practices Policy

In the past year, the SEC’s settlements with BNY Mellon and Qualcomm have made it clear that, at least in the SEC’s opinion, a job or internship can be a “thing of value” under the FCPA. Hiring the relative of a foreign official in order to curry favor with that official can lead to an FCPA violation. The FCPA Report has put together a checklist a company can use when drafting and implementing policies governing hiring. A company can use this checklist to evaluate the strength of its program and identify areas for improvement. See also “Hiring Practices and FCPA Compliance in the Wake of the BNY Settlement”: Part One (Jan. 13, 2016); Part Two (Jan. 27, 2016).

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