To control or to compromise? The prominence of chief compliance officer and foreign corrupt practices act violation

O presente artigo trará reflexões sobre a legislação estadunidense anticorrupção no exterior, com enfoque no Foreign Corrupt Practices Act (FCPA), cujas determinações e pesadas sanções podem alcançar, a depender da situação, empresas brasileiras ou empresas no Brasil. Neste intuito, primeiramente é traçado breve histórico do FCPA para então adentrar em suas prescrições de forma a explicitar a quem se destina a norma, quais as condutas vedadas e eventuais sanções a que estão submetidos aqueles que violarem seus dispositivos, bem como o concurso com outras leis dos Estados Unidos da América e com consequências em outras jurisdições. Também são abordados os efeitos da divulgação voluntária de violações, da colaboração com as autoridades e da delação.

Download Full-text

The Foreign Corrupt Practices Act: A New Perspective

Journal of International Business Studies ◽

10.1057/palgrave.jibs.8490498 ◽

1984 ◽

Vol 15 (3) ◽

pp. 107-121 ◽

Cited By ~ 23

Author(s):

John L. Graham

Keyword(s):

Foreign Corrupt Practices Act ◽

New Perspective

Download Full-text

Nature's Sunshine Products: Anatomy of an FCPA Failure

Issues in Accounting Education ◽

10.2308/iace-50470 ◽

2013 ◽

Vol 28 (3) ◽

pp. 599-610 ◽

Cited By ~ 1

Author(s):

Heather M. Hermanson ◽

Audrey A. Gramling

Keyword(s):

International Business ◽

Real World ◽

Stock Price ◽

Internal Auditing ◽

Red Flags ◽

Foreign Corrupt Practices Act ◽

Internal Auditors ◽

Instructional Resource ◽

Large Corporations ◽

Real World Problems

ABSTRACT: Recently, Walmart and several other large corporations have faced allegations of Foreign Corrupt Practices Act (FCPA) violations, subjecting the companies to large fines and stock price declines. This instructional assignment introduces students to the FCPA and provides an illustration of FCPA compliance problems at Nature's Sunshine Products (Nature's). Students will (1) discuss the development, requirements, and importance of the FCPA; and (2) identify red flags at Nature's suggestive of FCPA noncompliance. This instructional assignment also includes a supplemental requirement whereby students are asked to identify ways that internal auditors could have assisted Nature's in achieving FCPA compliance. This instructional resource, which could be used in undergraduate or graduate external or internal auditing courses or in managerial or forensics courses, provides instructors with a resource for integrating real-world problems involving international business issues into the course curriculum.

Download Full-text