Originally published in Corporate Board Member
By Lily Becker
The COVID-19 disruption to the world economy is staggering. Boards and executives everywhere are understandably consumed with triaging the many challenges brought by the pandemic.
But that shouldn’t stop them from recognizing and trying to minimize the risk of employees turning to unethical practices in tight times.
Bribery and corruption today can turn into protracted government investigations and staggering fines later due to the U.S. government’s enforcement of the Foreign Corrupt Practices Act (FCPA). Taking strong prophylactic measures in the midst of turmoil may be difficult, but it can help prevent illegal acts or mitigate the consequences in years to come.
Read the full article at Corporate Board Member.
Lily Becker is a Partner at Orrick.