Codes of conduct and compliance
Enforcement of the Foreign Corrupt Practices Act (FCPA), U.K. Bribery Act, Canadian Corruption of Foreign Public Officials Act, as well as similar global corruption laws continues to be a high priority. These laws prohibit companies from bribing foreign officials for government contracts and other business. Organizations who are “caught” pay fines in the hundred of millions, face reputation issues and criminal suits often follow.
Operating a global company, large or small presents its challenges. And while you may assume that your employees share your commitment to your values and ethical practices, how business is done country-to-country varies. How individuals chose to conduct themselves varies, too. The key is that you should evaluate your risks and then manage them through your code of conduct and compliance program.
Your code of conduct and compliance program needs to reflect not only your mission and values, but also needs to account for the numerous cross-border regulations that your company is obligated by law to follow.
Your code of conduct and compliance program must not only specify what is and is not acceptable operating behavior, it must also provide a mechanism for employees to report code violations. And it must address the risk associated with what your business does, where and how it operates and with whom you do business.
While not freeing you from legal exposure, a well thought, communicated, trained and maintained code of conduct and compliance program can minimize your exposure to risk and minimize your penalties should a violation occur.
At Advanced Compliance Solutions we have the experience to help guide the creation, communication and roll out of your code of conduct and compliance program. With our extensive global experience we are intimately familiar with both the compliance backdrop and successful implementation of effective policies that international organizations require.