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SOURCE: Integrita 360
Proposes innovative changes to U.S. Foreign Corrupt Practices Act (FCPA); better incentives worldwide for compliance programs that work.
New York, NY (PRWEB) October 04, 2012
Global compliance startup Integrita 360 has been invited to participate in an exclusive meeting on international anti-corruption efforts organized by the Organisation for Economic Cooperation and Development (OECD) Working Group on Bribery to be held in Paris, France on October 10, 2012. The meeting, which occurs annually, is open by invitation only to leaders of the private sector and civil society. In preparation for the meeting, Integrita 360 submitted a proposal, to be circulated among participants, calling for innovative changes to the FCPA and better incentives worldwide for effective compliance programs.
“Many corporate compliance programs are not effective. This represents an amazing opportunity for Integrita 360 to help shape the dialogue on how the world community can decrease corruption in international business while also providing adequate incentives and guidance to encourage companies to implement global compliance programs that work,” said Integrita 360 Founder and CEO, Khalisha Banks, an expert on the FCPA and international anti-corruption efforts, as well as on global compliance programs.
The OECD Working Group on Bribery, established in 1994, is responsible for monitoring the implementation and enforcement of the OECD Anti-Bribery Convention and related documents, which are legally binding standards criminalizing the bribery of foreign public officials in international business transactions. The Anti-Bribery Convention is the first and only international anti-corruption instrument focused on the “supply side” of bribery—committed by private sector actors—and has been adopted by the 34 OECD member countries, which includes the United States, as well as five non-member countries—Argentina, Brazil, Bulgaria, Russia and South Africa.
About Integrita 360
Integrita 360 helps companies maximize the effectiveness of their compliance and ethics programs worldwide, with measurable results, by providing a single point of contact for comprehensive compliance training, communications, support services and IT solutions. Integrita 360 strives to fundamentally change corporate compliance worldwide so that organizations can better protect themselves from risk, stakeholders can more clearly understand their legal/ethical responsibilities, and compliance professionals can more effectively do their jobs. For more information, visit http://www.integrita360.com.
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