Common Elements of U.S. Corporate Compliance Frameworks
How much do you really know about your company’s inner operations? How much can you know? If someone in your organization was bribing foreign officials, illegally dumping toxic substances, or falsifying business records, would you know about it before it appeared on federal enforcement radar? If not, a single unscrupulous individual or a small group of conspirators could bring your entire organization down. Given that it’s impossible to oversee every employee action at all times, how do you protect your company from noncompliance that can trigger potentially crushing prosecution? The answer is to implement and maintain a corporate compliance program that deters wrongdoing while qualifying your company for leniency if rogue actors transgress the law.