Ukraine: Official approval required to terminate compliance officer

In December 2016, Ukraine introduced a new procedure to the National Agency on Corruption Prevention before terminating an employee who was responsible for implementing the Anti-Corruption Program.

Australia: Why Failing to Ask Questions Can Be a Breach of...

An Australian court's decision is an important reminder to directors and officers of their continuing duty to make adequate inquiries in relation to issues that have the potential to harm the company and not to solely rely on the advice and information of others.

Compliance Benchmark 2016: Quantifying the Fundamentals

Following our summary in March 2015, we have again summarized the main compliance benchmarking surveys which have been published over the past 12 months and summarized their results.

Evolving Legal Standards for Compliance Officers

Corporate compliance officers are used to facing pressure from within their companies to protect them from legal exposure, but increasingly, external pressure from regulators means that compliance officers themselves may face liability if something goes wrong.

Focusing on Individual Accountability for Corporate Wrongdoing

Balancing corporate resolution of high-profile criminal and civil cases against companies for fraud and other misconduct with the prosecution of individuals has become a top policy priority for the U.S. Department of Justice (DOJ). On September 9, 2015, Deputy U.S. Attorney General Sally Yates issued a memo to all DOJ attorneys to provide guidance to prosecutors handling cases involving both companies and individuals. There are several significant developments directors should be aware of.

U.S. Department of Justice Appoints Compliance Expert and Outlines Key Evaluation...

The Fraud Section of the U.S. Department of Justice (“DOJ”) has retained Hui Chen as its full-time, resident Compliance Counsel. Ms. Chen has a significant background in compliance at various multinational companies. The retention of Ms. Chen and accompanying commentary from leadership of the DOJ’s Criminal Division last week highlight the U.S. government’s distinct expectations with respect to compliance. This development also sends a clear message about how important the DOJ considers compliance in the resolution of enforcement matters and how closely a company’s program will be scrutinized during that process.

The Regulation of Compliance Programs in Brazil: The importance of leadership...

At the time of significant changes in Brazilian anti-corruption legislation and enforcement scenario, as well as increased civil society awareness and participation in the fight against corruption, the Compliance Officer can play a significant role and make the difference.

The Case for a Gender Diverse Board

As two of the four female leaders of Baker & McKenzie's Global Compliance & Investigations practice, we express in this article our view that gender-diversity in the boardroom is a valuable asset in the pursuit of ethical commercial practices.

Looming Canadian Deadline for Polymers Reporting

Environment Canada's Chemical Management Plan continues its investigation into substances which have previously been listed on the expansion into substances previously listed on the CMP's Domestic Substances List as approved for use in Canada.

Brazilian Government Issues Compliance Program Guidelines

The Office of the Comptroller General issued guidance entitled Compliance Programs – Guidelines for Private Companies clarifying the elements of compliance programs set forth in the Clean Companies Act and further regulated by Decree 8.420/2015.