Saturday, May 11, 2013
Contrite Companies Can Win Forgiveness in Bribery Cases
When Ralph Lauren Corp. discovered an employee had been bribing officials in Argentina, the company immediately notified the U.S. government, offering employees for interviews and turning over documents. In exchange, the company obtained nonprosecution agreements. Deferred and nonprosecution agreements are becoming more common as companies realize that cooperation and compliance can lead to reduced fines and spare them criminal actions.
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