An International Standard For Corporate Compliance?

Law360, New York (May 14, 2010, 12:10 PM EDT) -- The Organization for Economic Cooperation and Development (“OECD”) recently released guidance (“Good Practice Guidance”) regarding essential elements of corporate internal controls, ethics and compliance programs to combat bribery and corruption.[1]

While the Good Practice Guidance is not legally binding, its endorsement by the OECD Council and statements of support by the U.S. Department of Justice, among others, raise its significance as a benchmark for governmental authorities that enforce anti-corruption laws and therefore also for companies that operate internationally.

The Good Practice Guidance contains 12 specific guidelines...
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