The Board’s Role in an Anti-Corruption Investigation

An educated and active board of directors can do a lot to keep companies in compliance with anti-corruption laws, and if there is a potential violation, can steward the company successfully through the investigation process.  An effective board must maintain a working relationship with the members of management responsible for the compliance program and must understand the specific risks faced by the company.  During a recent panel at the Practising Law Institute’s Directors’ Institute on Corporate Governance 2014, experts explained the active role boards should take in the current environment of increased enforcement actions and sanctions.  The panel featured Dennis Beresford, Executive in Residence at the J.M. Tull School of Accounting at the University of Georgia and former Chairman of the Financial Accounting Standards Board; Larry Boyd, Executive Vice President, Secretary, and General Counsel of Ingram Micro Inc.; Robert Khuzami, a partner at Kirkland & Ellis and former SEC Director of Enforcement; and Antonio Yanez, Jr., a partner at Willkie Farr & Gallagher.  See also “Anti-Corruption Compliance Best Practices for Boards of Directors” (Jun. 12, 2013).

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