The government has made it clear that complying with the FCPA does not, and should not, require companies to adopt a one-size-fits-all solution. Each company must tailor its program to its unique business model. Despite the individuality of each program, however, it is useful for a company and its advisors to understand how the company’s peers and competitors are ensuring FCPA compliance. How much are companies spending on anti-corruption compliance? What type of training program does each company find effective? What percentage of companies invest in risk assessments? A recent panel hosted by the Practising Law Institute provided answers to these questions and more. Combining commentary from industry experts Mark Mendelsohn, partner at Paul, Weiss, Rifkind, Wharton & Garrison LLP, Alexandra Wrage, president of TRACE International, Inc., Raja Chatterjee, Global Head of the Anti-Corruption Group at Morgan Stanley, and Susan Ringler, Deputy General Counsel for Xylem Inc., as well as interactive audience polling of conference participants (including in-house counsel, outside counsel and compliance personnel), the panel provided unique insight into trends and patterns in the FCPA world. The panel analyzed the difficult issues that arise when developing training programs, allocating anti-corruption compliance resources, conducting risk assessments, executing internal investigations and making voluntary disclosures. See “Five Tools Every Chief Compliance Officer Needs for Effective FCPA Compliance: Title, Authority, Access, Budget and Culture (Part One of Two)
” (Apr. 3, 2013). See also the Anti-Corruption Report’s FCPA Training That Works series: Navigant’s Joseph Spinelli
(Apr. 3, 2013); Weatherford’s Billy Jacobson
(Apr. 17, 2013); Manatt Phelps & Phillips’ Jacqueline C. Wolff
(May 1, 2013).