31 Days to a More Effective Compliance Program - Policies on Political Contributions

Thomas Fox
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Most international businesses have strategy to engage in the political process with a view to the long-term interests of the company and to promote and protect its interests. All political contributions and expenditures on behalf of the Company and management reports on these political contributions and expenditures should be reported to the Board of Directors annually. No political contributions may be made or promised unless written pre-approval has been obtained from the corporate compliance See more +
Most international businesses have strategy to engage in the political process with a view to the long-term interests of the company and to promote and protect its interests. All political contributions and expenditures on behalf of the Company and management reports on these political contributions and expenditures should be reported to the Board of Directors annually. No political contributions may be made or promised unless written pre-approval has been obtained from the corporate compliance function

Three key takeaways:

1. Political candidates are covered by the FCPA.

2. What is the business purpose for the contribution?

3. Do not make contributions towards candidates who can award your company business. See less -

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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