Corporate Governance

Brazil Issues New Regulations on the Clean Companies Act

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On March 18, 2015, President Dilma Roussef signed Decree 8.420/2015, which regulates certain features of the Clean Companies Act. The highlights of Decree 8.420/2015...

Spain’s New Criminal Code Joins Wave of Countries Requiring Companies to Adopt Comprehensive Compliance...

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As regulators and prosecutors across many jurisdictions increasingly cooperate in cross-border anti-corruption enforcement efforts, the importance of an effective, globally oriented anti-bribery compliance program...

Compliance Benchmark: Quantifying the Fundamentals

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Various countries and their compliance-enforcing agencies request that companies have "adequate" compliance programs and organizations. But what does that mean? One option to determine...

Risk Assessment in India: Challenges and Best Practices

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India poses high risks of corruption and money laundering for financial institutions operating in the country. To evaluate these risks, the authors recommend four...

Spanish Criminal Code Reform Will Be Approved In March 2015

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Rafael Catalá, new minister of justice of the Spanish Government declared yesterday that his plan is to get the Spanish Congress to approve the...

Germany: Grand Coalition agrees on legal quotas for women on company boards

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On 25 November 2014, the Grand Coalition agreed to introduce a new law which will force listed companies in Germany to allocate 30 percent...

Canada: How to attract strong candidates for executive positions while protecting against executive misconduct

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Senior executives are sometimes indemnified against costs and expenses incurred as a result of legal proceedings that might be brought against such employees. Indemnification...

UK: New Guidelines on Sentencing of Corporate Offenders

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On 1 October 2014, new guidelines issued by the Sentencing Council (the "Guidelines") came into force for the sentencing of fraud, bribery and money...

Ukraine: Upfront Disclosure of Beneficial Ownership Now Required

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A law requiring an upfront disclosure of beneficial ownership of companies to the Ukrainian authorities has been signed by the President. All companies previously...

May a German stock corporation pay fine against director?

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On 8 July 2014, the German Federal Court of Justice handed down a recently published decision which clarifies under which circumstances a German stock...
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