Companies operating in today’s global business environment must navigate ever-strengthening anti-bribery and corruption regulations. Some of the most significant recent enforcement actions against companies arose from alleged due diligence failures...
The Federal Corruptions Policy Act was established to address and end corruption and bribery in US business dealings with foreign officials. The FCPA seeks to keep legitimate businesses from losing contracts to companies engaged in corruption and bribery...
As anyone in manufacturing knows supply chain disruption has been a constant theme of the last few years. From COVID-19 to the war in Ukraine to raw material shortages, it has been a challenge to make sure all of the parts of your supply chain are running...
For decades, consumers have steadily increased their prioritization of buying goods from companies that value human rights and environmental sustainability—this includes every step of the supply chain. Ethically sourced food involves a wide range...
Consumer attitudes have shifted dramatically since the onset of the pandemic, bringing a striking increase in their desire for transparency in supply chain ethics. From the consumer level to the statutory level, there is a greater focus on ensuring these...
Over the past few months, companies from a wide range of jurisdictions and industries had to pay hundreds of millions of dollars in fines for alleged failures of compliance and due diligence. In this blog, we dive deeper into some of these enforcement...
Germany’s Supply Chain Due Diligence Act has been effective since 1 st January 2023. The new law requires large companies operating in Germany to carry out human rights and environmental due diligence on their business and its suppliers. Now, many...
Environmental, social and governance (ESG) performance plays a critical role in how consumers, employees and investors are making business decisions. In fact, When Edelman released its 22 nd annual Trust Barometer this year, they found that 60% of employees...
Supply chain risk is not a new phenomenon, but it has certainly intensified. As the pandemic began its global spread in early 2020, 94% of Fortune 1000 companies reported supply chain disruptions . Today, global supply chains continue to flounder, earning...
Which financial institutions are most likely to thrive and lead in the future? The smart money says it will be the ones that swiftly, successfully adopt and master new technologies. One perfect place this theory is playing out: the increasingly complex...
Sometimes, the threat of financial consequences is enough to spur organizations to action. For example, in 2020, the threat of restricted access to the U.S. market spurred a company to make changes to address potential forced labor risk within its supply...
A decade ago, sanctions compliance appeared focused on banks and other regulated financial services. In recent years, however, that spotlight has become a floodlight across many industries. Why? Globalization and digitalization are two factors that have...
The COVID-19 pandemic brought a lot of things to light – one of which was the fragility and complexity of our global supply chains. As our business change and evolve to fit the new normal, it’s time to look ahead at what you can expect for...
As reflected in the rise of environmental, social, and governance (ESG) scores, sustainability is now an outright expectation for a growing number of investors and consumers. Your company’s own ESG score will play an increasing role in its ability...