Industry Risk Spotlight: Orrick Partner William Jacobson Examines Extractive Industry Corruption

The Anti-Corruption Report’s Regional Risk Spotlight has made it clear that where a company operates can have a big impact on the level of corruption risk it faces. But risk does not just vary from region to region; it can also vary widely from industry to industry. Most multinational companies will find themselves interacting with business partners and third parties in a multitude of industries, and familiarity with the risks specific to each sector will help a company better assess its overall level of risk. In this first installment of the Anti-Corruption Report’s Industry Risk Spotlight series, we spoke with Billy Jacobson, a partner at Orrick and the former chief compliance officer of Weatherford International Ltd., to shine a light on the extractive industry, which has historically faced steep hurdles for anti-corruption compliance. See also “Corruption Risks and Compliance Programs in the Oil & Gas Industry: An Interview With Samuel Cooper of Paul Hastings” (Mar. 19, 2014).

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