Today’s post is short on written words, but long on content.
Recently, I had the pleasure to again visit with Thomas Fox for his Foreign Corrupt Practices Act Compliance and Ethics Report . In this  episode I discuss:
- The 11th Circuit’s recent “foreign official” ruling (see here , here , here  and here  for prior posts). Among the issues discussed are my involvement in the “foreign official” challenges, what was not at issue in the 11th Circuit appeal and what was at issue, and the court’s flawed reasoning.
- My new book “The Foreign Corrupt Practices Act in a New Era”) (see here  and here  for prior posts).
- My FCPA Institute  – a unique two-day learning experience ideal for a diverse group of professionals seeking to elevate their FCPA knowledge and practical skills. The inaugural FCPA Institute is July 16-17th in Milwaukee, WI.
During the past month, I also had the pleasure to conduct two webinars hosted by Hiperos  (a leader in third party risk management).
The first webinar was titled “Understanding the Root Causes of FCPA Scrutiny and Enforcement” (see here  to view the hour long event). The webinar:
- Highlights the fallacy that only “bad” and “unethical” companies are the subject of FCPA scrutiny and explores certain foreign business realities and conditions that often serve as the root causes of FCPA scrutiny and enforcement.
- Discusses what 99% compliance means.
- Uses the root causes of many FCPA enforcement actions to highlight how an essential component of FCPA compliance is understanding the boring, day-to-day aspects of a company’s business in foreign markets and targeting, through training and other compliance policies, the relatively low-level employees and others who engage in these day-to-day activities.
The second webinar was titled ““The Ripple Effect: Understanding Financial and Business Consequences of FCPA Scrutiny and Enforcement” (see here  to view the hour long event). The webinar:
- Highlights how settlement amounts in an actual FCPA enforcement action are often only a relatively minor component of the overall financial consequences that can result from FCPA scrutiny or enforcement in this new era.
- Discusses the “three buckets” of FCPA financial exposure: (1) pre-enforcement action professional fees and expenses; (2) enforcement action settlement amounts: and (3) post-enforcement action professional fees and expenses and highlights how bucket #1 is typically (in many cases 3, 5, 10 or higher times the settlement amount) the greatest financial hit to companies the subject of FCPA scrutiny or enforcement.
- Explores other negative financial consequences that often result from FCPA scrutiny or enforcement such as market capitalization, cost of capital, M&A activity, lost or delayed business opportunities, and FCPA-related litigation.
- Shifts the FCPA conversation from being a purely legal issue to its more proper designation as a general business issue that needs to be on the radar screen of business managers and highlights how the FCPA’s many ripples instruct that business managers should view the importance of FCPA compliance more holistically and not merely through the narrow lens of actual enforcement actions.
Thank you for reading FCPA Professor every day.
With today’s post, you have the opportunity to hear me discuss FCPA, FCPA enforcement, and FCPA compliance issues for 2 hours and 30 minutes … should you so choose.