ForThoughts Edition 6: Avoiding FCPA Risk While Doing Business in ChinaThe latest in the ForThoughts series on the Foreign Corrupt Practices Act (FCPA) |
Doing business in China or planning to? Clearly, you are not alone. Although China may offer your business considerable opportunities, including a market for selling products and a site for outsourcing, it also presents significant risks. One such risk, off the radar of most companies for more than two decades, is the risk of violating the U.S. Foreign Corrupt Practices Act of 1977 (FCPA).
The newest edition of ForThoughts continues its series on the FCPA by discussing how the intensifying anti-corruption landscape in the United States and in China affects those companies looking to do business abroad. We also explore why China, in particular, poses a significant risk from a combination of cultural, historical, economic and social factors; and what a company can do to help mitigate the risk of violating the FCPA.
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