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New strategies and technologies can limit anti-bribery spending

A stronger company culture and new technology make anti-bribery policies possible

With Alcoa and NCR Corp. showing a renewed governmental focus on the Foreign Corrupt Practices Act, it’s clear that companies still have work to do to instill anti-bribery mechanisms into the corporate structure. Especially as 25 percent of companies in a recent Control Risks survey said there was at least a “somewhat likely” chance they would need to investigate a bribery claim in the next two years, the need for stronger controls has never been greater.

But of course, instituting stronger controls means spending more cash, and for some companies, simply allocating more funds to compliance isn’t a feasible option. Luckily, though, new technologies and strategies have made anti-bribery compliance even easier without having to spend more.

Assistant Editor

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Zach Warren

Zach Warren is Assistant Editor of InsideCounsel magazine, where he oversees online content submissions and administers InsideCounsel's enewsletters. Zach specializes in new media and multimedia...

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