Why you can't afford to ignore anti-corruption legislation

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Mark E. Thompson and Zachary J. Harmon of law firm King & Spalding explain why firms should take anti-corruption compliance seriously when it comes to investment decisions.

Despite the global economic crisis, it is very important that international companies continue to pay particularly close attention to their anti-corruption compliance programmes and practices. In fact, as companies struggle to remain profitable, it is even more critical to ensure that employees are not tempted to engage in illegal practices while pursuing short term revenue. Even highly regarded companies with strong compliance cultures are at risk of employees breaking the law. The disclosure in February by Morgan Stanley that it had uncove...

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