How to Demonstrate the Business Value of Anti-Corruption Compliance and Create Management Buy-In

One of the major challenges faced by in-house compliance personnel and compliance advisors is how to encourage management to buy into the company compliance program – before the company gets into trouble.  Many compliance officers report that they struggle with convincing their colleagues and business partners that anti-corruption compliance is not only necessary for the company to avoid liability, but can also benefit the bottom line.  At a recent conference hosted by the American Conference Institute, Jim Portnoy, Chief Counsel, Corporate and Government Affairs at Kraft Foods, and Stephen Fishbein, partner at Shearman & Sterling LLP, shared their insights on how to get and keep management interested and engaged in anti-corruption compliance.  See also  “Five Tools Every Chief Compliance Officer Needs for Effective FCPA Compliance: Title, Authority, Access, Budget and Culture (Part Two of Two),” The FCPA Report, Vol. 2, No. 8 (Apr. 17, 2013).

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