Managing risk within multinational, matrixed organisations is no simple feat. Entities that face particular challenges include, for example, those that employ nearly 100,000 employees worldwide, which generate significant revenue through production or sales in high-risk jurisdictions that are divided into several business segments. Often, large organisations such as these are supported by global or regional compliance professionals tasked with navigating multiple jurisdictional demands in diverse areas of risk including anti-bribery programming, employee onboarding and training, and third-party due diligence.
Advancing global initiatives to workforces across the globe and building effective communication channels to do so requires balancing both compliance and commercial priorities. To manage this balance effectively, a compliance programme must deploy a variety of techniques to support multinational workforces while ensuring the compliance programme is oriented to actual business risk and to the enforcement landscape.
Despite early concern that the pandemic would de-emphasise anti-corruption enforcement as a priority, in June 2021, the Biden administration issued a memorandum highlighting the cost of corruption and declaring corruption a core national security interest.[2] In October 2021, Lisa Monaco, Deputy Attorney General at the US Department of Justice (DOJ), made plain that companies must...
The Minister of Sport, Arts and Culture, Gayton McKenzie, has rejected claims that he has withdrawn or rescinded the gazetted renaming of Graaff-Reinet to Robert Sobukwe Town, along with other geo...