All articles by Tom Fox – Page 17
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What does contradictory due diligence mean?
A lawsuit against the Houston energy company Cobalt International Energy has posed a question which is not often considered under the FCPA—what does contradictory due diligence mean?
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CEOs and win at all costs—where does it lead?
A look at the corrupt conduct of Uber Chief Executive Travis Kalanick and the lengths some executives will go to in support of a win-at-all-costs culture.
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A farewell to Kara Brockmeyer but her legacy continues
The SEC bids a fond farewell to the head of its Foreign Corrupt Practices Act unit. Tom Fox looks back at Kara Brockmeyer’s illustrious career with the Commission.
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A bad year for Airbus
2017 has not been a good year for European aircraft manufacturer Airbus, whose corruption and bribery scandal has instigated anti-corruption policies and government probes in the airline industry.
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Compliance expertise on the board of directors
The recent corporate scandal at Wells Fargo highlights the need for boards of directors to have a committee devoted to compliance.
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Whistleblowers at KPMG and Barclays—a contrast in style
The recent termination of six KPMG employees for receiving (and failing to report) improper advance information of PCAOB audits stands in stark contrast to actions taken after someone blew the whistle at Barclays Bank. A look at their responses is inside.
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Barclays CEO didn’t know it was illegal?
Barclays CEO James Staley is claiming ignorance, saying he didn’t know it was inappropriate to attempt to unmask the identity of an anonymous corporate whistleblower and is now facing the consequences.
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What will a code of conduct bring to British cycling?
Despite stunning successes by the British cycling team in both the Tour de France and recent Olympic games, several allegations haunt the team.
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Flying the (not so) friendly skies of United
United Airlines seems to be battling an internal cultural issue, as recent events suggest. The beleaguered airline is once again in the news—this time for forcing a paying passenger off a flight to make room for its own staff.
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Acquisitions, data privacy, and national security concerns
The attempted takeover of the U.S. company MoneyGram International Inc. by China-based Ant Financial Services raises regulatory concerns and questions.
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Toshiba—a culture of lies?
Shareholders react strongly to Toshiba's announcement of its intention to take a $9 billion loss for the year and the chapter 11 bankruptcy filing by Westinghouse Electric Co., a U.S. nuclear-plant builder 87-percent-owned by Toshiba.
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Conflict of Interest—the revolving door turns both ways
A look at the case of U.K. entity HS2, the taxpayer-owned company building Britain’s new high-speed rail line, which recently revoked a key contract amid allegations of conflicts of interest involving the U.S. engineering firm CH2M.
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Corruption affects everyday lives in South America
As the Petrobras and Odebrecht corruption scandals continue to be investigated and enforcement actions abound, The Man From FCPA considers some of the societal costs of systemic bribery and corruption.
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Compliance insights from a massive trading loss
Kweku Adoboli is the former UBS trader who took positions that led the firm to sustain a $2.3 billion dollar loss—as he dryly noted, “for which I took responsibility in September 2011—and to my eventual imprisonment.” What are the cultural lessons for compliance?
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Public company scrutiny under the FCPA
A look at what could happen should Uber ever go public in terms of the books-and-record provision under the Foreign Corrupt Practices Act.
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Third-Party Risk Management Summit takes a deep dive
Get a recap of the Third-Party Risk Management and Oversight Summit, hosted by Financial Risk Associates and Compliance Week, which took an in-depth look at what companies are doing to manage third-party risks both on the sales and supply chain sides.
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The hard truths of the SQM enforcement action
The FCPA shows just how far its authority can extend when it comes to companies that blatantly disregard U.S. anti-corruption law.
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Brazil’s new approach to compliance
Brazil is taking a page out of U.S. businesses’ books and moving from paper compliance programs to actually doing compliance.
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New foundation to protect sports whistleblowers
A venture capitalist, a former United States federal prosecutor, and an Olympic gold medalist have formed a non-profit foundation, Fair Sport, to help mitigate risk for whistleblowers in the wide, wide world of sports.
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Venezuela investigates PDVSA for corruption
A look at the ironic Venezuelan investigation into corrupt company Petróleos de Venezuela SA.