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October 12, 2017

Arbitration “Fair, Efficient,” Says OSU Law Professor

It’s time to “put aside the ‘gotcha’ mentality” of Foreign Corrupt Practices Act (FCPA) enforcement, said U.S. Chamber Institute for Legal Reform Executive Vice President Harold Kim in an op-ed in Compliance Week.

Kim’s piece highlights the business community’s move toward stronger, more robust voluntary programs to ensure cooperation and compliance with the FCPA. Kim also said this trend is “corresponding with what may be a fresh look at this issue by the regulators themselves.” The Department of Justice has shifted its tone on the issue, Kim says, and new programs to encourage compliance have made it easier on businesses.

By encouraging strong compliance programs and changing the mentality and priorities of the regulators, we can usher in a “Golden Age of compliance,” Kim said.

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