10 April 2014

GC questions DOJ's bribery input

The US Department of Justice (DoJ) recommended that, to avoid corruption, companies should approach third parties with “reasonable due diligence” - but the direction is too vague, says Zimmer Holdings GC Albert Li.

By Melissa Lesh

Rena Schild

At a Consero Group corporate forum on compliance ethics in a week, Li will advise in-house counsel on how to comply with a US directive that is open to interpretation in his panel, “Breaking Bad: Mitigating FCPA Risk.”  He said: “Not every company has the same budget or resources or risk.  So you have to come to an internal assessment of your risk and determine what is your appropriate level of due diligence.”  Source: CorpCounsel

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