Call them changemakers. Call them rule breakers. We call them Redefiners. And in this provocative podcast, we explore how daring leaders from across industries and around the globe are redefining their organizations—and themselves—to create extraordinary impact in today’s rapidly changing world. In each episode, Russell Reynolds Associates Leadership Advisor Hoda Tahoun and former CEO Clarke Murphy host engaging, purposeful conversations with leaders in and out of the business world who shar ...
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Pause on FCPA Enforcement: Considerations for the Board
MP3•Episode home
Manage episode 488148223 series 2910096
Content provided by Olivia Duffey and BDO USA. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Olivia Duffey and BDO USA or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.
Key Takeaways:
- Maintain Tone at the Top: Boards should confirm that their commitment to compliance and ethical behavior remains strong and consistent, even with the DOJ's pause on new FCPA investigations. This includes consistent messaging throughout the organization.
- Review Third-Party Risk Management: Companies should reassess their third-party risk management programs to make sure they are not inadvertently engaging with entities associated with transnational criminal organizations (TCOs) or terrorist organizations.
- Refresh Risk Assessment: Boards should ask management to perform a thorough risk assessment, with an intentional focus on operations.
- Geographical Focus: Companies should evaluate the culture and increased risk in regions where they operate, to maintain compliance and mitigate risks associated with these areas.
- Revisit Whistleblower Processes: Boards should ask to be kept appraised of all whistleblower reports and resolutions.
- Independent Investigations: In cases where there is a potential threat or pressure to pay a bribe, boards should facilitate independent investigations, involving outside counsel and forensic accountants to maintain objectivity and thoroughness.
Related Resources:
86 episodes
MP3•Episode home
Manage episode 488148223 series 2910096
Content provided by Olivia Duffey and BDO USA. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Olivia Duffey and BDO USA or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.
Key Takeaways:
- Maintain Tone at the Top: Boards should confirm that their commitment to compliance and ethical behavior remains strong and consistent, even with the DOJ's pause on new FCPA investigations. This includes consistent messaging throughout the organization.
- Review Third-Party Risk Management: Companies should reassess their third-party risk management programs to make sure they are not inadvertently engaging with entities associated with transnational criminal organizations (TCOs) or terrorist organizations.
- Refresh Risk Assessment: Boards should ask management to perform a thorough risk assessment, with an intentional focus on operations.
- Geographical Focus: Companies should evaluate the culture and increased risk in regions where they operate, to maintain compliance and mitigate risks associated with these areas.
- Revisit Whistleblower Processes: Boards should ask to be kept appraised of all whistleblower reports and resolutions.
- Independent Investigations: In cases where there is a potential threat or pressure to pay a bribe, boards should facilitate independent investigations, involving outside counsel and forensic accountants to maintain objectivity and thoroughness.
Related Resources:
86 episodes
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