The D & O Diary has previously written (here and here) about the recent revival of the Foreign Corrupt Practices Act (FCPA) and the potential implications for D & O risk. PricewaterhousCoopers’ Summer 2006 Solutions newsletter (here) has an interesting article entitled “ABB Ltd and the Foreign Corrupt Practices Act” taking
Foreign Corrupt Practices Act
FCPA, Options Backdating, and D & O Exposure
In this prior post, the D & O Diary noted the recent resurgence of the 70’s vintage statute, the Foreign Corrupt Practices Act. Recent developments in the Comverse Technology options timing investigation underscore the increasing importance of the FCPA, particularly as the options backdating scandal continues to unfold.
On August 9, 2006, the…
SOX Whistleblower and FCPA Updates and Other Notes from Around the Web
Sarbanes-Oxley Act Whistleblower Updates: In a May 31, 2006 ruling, an Administrative Review Board (ARB) of the U.S. Department of Labor has answered two important questions arising Section 806 of the Sarbanes-Oxley Act, the so-called Whistleblower provisions. (Prior D & O Diary posts regarding the Sarbanes-Oxley Whistleblower provisions can be found here and here…
FCPA: A 70’s Revival?
A venerable statute from the 1970’s is going through a 21st Century revival, and that is not good news for companies who are active in the global econonmy or for their directors, officers and employees.
The Foreign Corrupt Practices Act of 1977 (FCPA) is a federal law containing antibribery and accounting requirements. The antibribery provisions…