The ability to manage reputational risk has been significantly impacted by the ‘information revolution’. With information traveling faster and further than ever before, a company’s anti-bribery and anti-corruption (ABAC) compliance program now has an even more important role in managing company risk. ABAC professionals must guard against not only penalties from regulators, on the rise globally, but also anticipate the reputational risks that can result from an allegation of corruption.
Damage to a company’s reputation as a result of negative third-party relationships can result in additional, very real costs.
“It takes twenty years to build a reputation and five minutes to destroy it.”
– Warren Buffet
Third parties amplify risk, and it is a corporate responsibility to limit exposure to corrupt business practices. Whether you are implementing a corporate anti-bribery anti-corruption (ABAC) program or are leading sustainability efforts within your supply chain, it is imperative to safeguard your reputation. Download “Safeguarding Company Value in an Age of Reputational Risk” to learn about the collateral damage an FCPA infraction.