In Latin Lawyer, Litigation Team Provide Insights into Managing Multinational Workforce Risk Amidst Anti-Corruption Uptick
Managing risk is no simple feat. In a chapter for Latin Lawyer, authors litigation & enforcement partner Maria Calvet, and associates Krystal Vazquez and Baldemar Gonzalez delve into the complexities that accompany corporate risk management in an evolving regulatory landscape.
“After receiving its mandate from the Biden administration to ‘fight’ against corruption as a core national security interest,the US Department of Justice (DOJ) has been committed to turning anti-corruption principles into policies in rapid succession in late 2022 and early 2023,” said the authors. “The tone from the very top, from the highest levels of the US government itself, is reverberating with a resounding call for collaboration, creativity and clawbacks, where warranted, to achieve its commitment to combat corporate crime.”
One key element of corporate governance is a well-designed and well-implemented compliance program. The authors note that such a program often requires delegating compliance oversight and enforcement to a dedicated function; instituting and enforcing compliance policies, procedures, and practices; operating a robust confidential reporting mechanism; collecting and analyzing compliance metrics; and establishing training initiatives that are tailored and adapted to local laws and customs.
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