The FCPA Report

The definitive source of actionable intelligence covering the Foreign Corrupt Practices Act

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By Topic: Social Media

  • From Vol. 4 No.6 (Mar. 18, 2015)

    Social Media: Navigating the Next Generation of FCPA Compliance (Part Two of Two)

    Social media can help and hurt compliance efforts – providing the opportunity to spread the compliance message and aid in due diligence efforts, but also potentially exposing the company to harm caused by inappropriate posts.  In this, the second article in our series on the advantages and pitfalls of social media, we discuss best practices for including social media in compliance policies, such as in training, messaging, and monitoring compliance programs; how social media use can help demonstrate good behavior to the government; and how to handle the risks that including social media as part of a compliance program pose.  The first article discussed how companies can use social media to aid with due diligence of third parties and target companies; the limits of using social media for those purposes; government expectations; and how to use social media during internal investigations.  See also “In-House Experts Discuss Social Media Pitfalls and Compliance Opportunities,” The FCPA Report, Vol. 3, No. 15 (Jul. 23, 2014).

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  • From Vol. 4 No.5 (Mar. 4, 2015)

    Social Media: Navigating the Next Generation of FCPA Compliance (Part One of Two)

    As employees spend more time personally and professionally posting on social media sites, companies urgently need to understand how to restrict such use to mitigate corruption risk while at the same time maximizing the compliance benefits social media can offer.  In this, the first article in our series on the advantages and pitfalls of social media, we discuss how companies can use social media to aid with due diligence of third parties and target companies; the limits of using social media for those purposes; government expectations; and how to use social media during internal investigations.  The second article will discuss: best practices for including social media in compliance policies, such as in training, messaging and monitoring compliance programs; how social media use can help demonstrate good behavior to the government; and how to handle the risks that including social media as part of a compliance program pose.  See “In-House Experts Discuss Social Media Pitfalls and Compliance Opportunities,” The FCPA Report, Vol. 3, No. 15 (Jul. 23, 2014).

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  • From Vol. 3 No.15 (Jul. 23, 2014)

    In-House Experts Discuss Social Media Pitfalls and Compliance Opportunities

    Social media can be a blessing and a curse for many companies.  The use of sites such as Facebook, LinkedIn and Twitter is skyrocketing – according to a recent analysis conducted by PwC, one in four people globally use social networks, an 18% increase in just one year.  How can companies incorporate this form of communication to strengthen compliance programs and protect their reputations?  At a recent panel at Practising Law Institute’s Corporate Compliance and Ethics Institute, in-house compliance professionals discussed the tactics their companies use to navigate social-media minefields.  The panelists included Maria Hermida, Chief Ethics Officer at Citigroup and Nora Kurzova, Chief Privacy Officer at Tyco.  See also “Designing and Implementing Effective Press and Social Media Policies to Mitigate Reputational Harm from Anti-Corruption Investigations,” The FCPA Report, Vol. 2, No. 11 (May 29, 2013).

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  • From Vol. 3 No.14 (Jul. 9, 2014)

    PwC Survey Examines the Role of the Compliance Officer

    In today’s rapidly changing business environment, continually benchmarking and assessing compliance procedures is integral to maintaining a robust program.  PricewaterhouseCooper’s 2014 State of Compliance Survey Report depicts the state of compliance programs and provides compliance insights, including three ways CCOs can improve their relationships with the business units.  The survey also reveals how companies are using social media, how much they are spending on compliance, how they are structuring reporting lines and more.  See also “Five Tools Every Chief Compliance Officer Needs for Effective FCPA Compliance: Title, Authority, Access, Budget and Culture (Part One of Two),” The FCPA Report, Vol. 2, No. 7 (Apr. 3, 2013); Part Two of Two, Vol. 2, No. 8 (Apr. 17, 2013).

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  • From Vol. 2 No.11 (May 29, 2013)

    Designing and Implementing Effective Press and Social Media Policies to Mitigate Reputational Harm from Anti-Corruption Investigations

    Press coverage about corruption – or, more likely, alleged corruption – can ignite a string of detrimental events at a company, starting with considerable reputational damage.  When the press, on one of its myriad platforms, picks up a story about corruption, that story can go viral very quickly.  Complicating matters, it is not just the press that can set these events in motion, but anyone with a Twitter account, Facebook page or blog.  Faced with media attention, a company’s options can be suddenly constrained – it may be forced to self-report to the government before it is ready, and must handle all the repercussions of such reporting, all while trying to preserve its relationship and status with its customers, clients and partners.  See “Insight from Top Companies and Practitioners on How They Are Addressing Current Anti-Corruption Issues, from Self-Reporting to Risk Assessments to Training,” The FCPA Report, Vol. 2, No. 10 (May 15, 2013).  A comprehensive media strategy is crucial.  A recent panel at the American Bar Association’s Fifth Annual National Institute on Internal Corporate Investigations and Forum for In-house Counsel addressed strategies for handling the press and social media.  Industry experts shared their considerable experience handling media issues and provided practical, step-by-step advice for handling a public relations crisis.

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