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Browse: Home / 2013 / June / 11 / What Is A Board’s Responsibility For Compliance? — FCPA Professor

What Is A Board’s Responsibility For Compliance? — FCPA Professor

By Securities Docket on June 11, 2013, 6:52 am

The publicity and costs to Wal-Mart have been well documented.  On his FCPA Professor website, Professor Koehler has consistently stated that he views this scandal as largely a failure of corporate governance. In a post entitled, “Wal-Mart One Year Later” he said, “corporate governance, or lack thereof, is what made the NY Times April 2012 remarkable.  This is the reason why Wal-Mart generated all the buzz it did a year ago this week and I’ve consistently held the view that the Wal-Mart story is a corporate governance sandwich with the FCPA as a mere condiment.” I thought about Professor Koehler’s observations on this failure in light of Clifford’s article and wondered what the Board’s legal obligations might be.

via What Is A Board’s Responsibility For Compliance? — FCPA Professor

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Posted in Uncategorized | Tagged Compliance, FCPA, Web Watch

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