Day 20 | Responding to investigative findings - a podcast by Thomas Fox

There is nothing like an internal whistleblower report about a compliance violation, the finding of such an issue, or (even worse) a subpoena from the DOJ or notice letter from the SEC to trigger the Board of Directors and senior management attention to the compliance function and the company’s compliance program. Such an event can trigger much gnashing of teeth and expressions of outrage followed immediately by proclamations “We are an ethical company.” However, it may well be the time for a very serious reality check.
Three key takeaways:

A serious FCPA allegation gets the attention of the Board and senior management. Use this time to move the compliance program forward.

Be aware of how your investigation can impact and even inform your remediation efforts.

Be prepared to deal with the dreaded “where else” question.

Further episodes of 31 Days to a More Effective Compliance Program

Further podcasts by Thomas Fox

Website of Thomas Fox