Companies are facing increased legal and business compliance risks throughout the globe, including rising anti-corruption scrutiny and increased emphasis on compliance with internal and business controls. From a legal perspective, regulators are stepping up enforcement of the Foreign Corrupt Practices Act (“FCPA”), the UK Bribery Act and other anti-corruption regimes. As such, companies need to address potential bribery and corruption risk, especially from third-party relationships where it can be difficult to implement effective controls. From a business perspective, companies are continuously implementing new controls and procedures around their contracting functions to meet compliance obligations and to mitigate business risk.
Join industry experts from Pentair and QuisLex for a discussion on methods to proactively and reactively leverage contracting policies and procedures to reduce third-party risk. Panelists will discuss the following topics:
-Current enforcement environment surrounding anti-corruption regimes such as the FCPA and the UK Bribery Act
-Basics of anti-corruption: Potential violations and countries affected
-Response to an adverse anti-corruption event
-Best practices for implementing a cost-effective anti-corruption plan
-Risk mitigation though effective control of contract content and contracting procedures
-Reducing contract risks as part of effective M&A integration procedures
-Reducing compliance risks resulting from changes in laws and regulations
-Vendor and other third party due diligence to enhance awareness and identify risk
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