White paper – Compliance Committee: Caring How Business is Done
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The concept, perception and practice of compliance has evolved steadily over the past 50 years as the public, politicians, media and common sense demanded greater transparency, integrity and ethics in business. The passage of the Foreign Corrupt Practices Act (FCPA) in 1977 is just one of the more noted milestones as compliance has matured from legal cover, necessary evil and grudgingly checked box to something studied in college curriculums and given executive attention. Thankfully, compliance wasn’t left to fester in 1977.
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