The Intersection of Directors’ and Officers’ Liability and Corrupt of Foreign Public Officials

The Intersection of Directors’ and Officers’ Liability and Corrupt of Foreign Public Officials Though still not a lot of action on the front lines of Canada’s CFPOA (Corruption of Foreign Public Officials Act, here for Act, here for explanation), there was a significant decision released by the Delaware Supreme Court yesterday...
Posted: 7/25/2014 9:07:38 AM by MSI

IMPORTANT DEVELOPMENT IN CFPOA

The first prosecution and jail time for an individual (Nazier Karigar re air india, here) under canada’s 15 yr old corrpution of foreign public officials act (CFPOA). There have been three corporate charges or settlements since inception of the act in 1999. Griffiths Energy International Inc. in 2013, SNC-Lavalin in 20013, and Niko resourc...
Posted: 6/13/2014 9:12:35 AM by MSI

Foreign Corruption and Director Liability Risk in Canada

There have been few cases under Canada’s 14 yr old CFPOA – Corruption of Foreign Public Officials Act -  but the risk, to Canadian companies and their directors and executive management, of an investigation is getting far more press now than only a few years ago. Corporate Canada is not exactly widely known for disclosure and tr...
Posted: 1/10/2014 5:41:52 PM by MSI

Bribery and the Board in the Insurance Broker Business

Between the FCPA, UK Bribery Act and the CFPOA there are many new cases in the bribery landscape. However, there is a very recent case involving a multinational insurance brokerage. This case is not categorized as a direct bribery issue, but rather a failure to prevent bribery. The Financial Services Authority (FSA) announced last week,here, tha...
Posted: 8/1/2011 12:00:00 AM by Global Administrator

CFPOA (Bribery) Enforcement Action on the Rise

Risk Management will be a particular challenge based on the “ground level” exposures and the difficulty identifying and controlling risk that is created by a vast number of activities conducted by a large number of people with significant geographic and supervisory separation.Therefore, based on single aggregate limits, and considera...
Posted: 7/8/2011 12:00:00 AM by Global Administrator

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