Another Example Of The Benefits Of FCPA Self-Reporting
April 24, 2013, 2:41 PM EDT
Law360, New York (April 24, 2013, 2:41 PM EDT) -- A subsidiary of Ralph Lauren Corporation engaged in significant, long-term Foreign Corrupt Practices Act violations, but the company’s aggressive response to the problem led to nonprosecution agreements with the U.S. Securities and Exchange Commission and the U.S. Department of Justice. The result the company secured through its approach underscores the government’s commitment to rewarding cooperation and provides another example of the benefits of self-reporting in the FCPA arena.
Ralph Lauren Uncovers Misconduct While Improving Internal Controls and Compliance
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