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Welcome          FCPA Training for a Global Workforce   Avoiding Penalties Associated with Non‐Compliance                 ...
Today’s Agenda           ‐ Scott • Trends in global corruption & enforcement • Key issues to address in training     y    ...
Your Presenters   ‐ Scott            • Juliet Hanna               Senior Counsel, Client Engagement                   Mana...
Trends in Global Corruption & Enforcement 
Foreign Corrupt Practices Act  JH    Two parts:    1. Anti‐bribery      2. Accounting, books and records      2. Accountin...
FCPA Anti‐bribery provisions                                      ‐ JHProhibit:‐Any issuer, domestic concern or person act...
FCPA Accounting Provisions                          ‐ JH Books & Records Requires issuers to “make and keep books, records...
FCPA Enforcement Trends                    ‐ JHU.S. Department of Justice & U.S. Securities and Exchange Commission – over...
FCPA Monetary Penalties       ‐ JH               Significant monetary penalties for                Significant monetary pe...
Siemens Example, 2008                    ‐ JHPleaded guilty to criminal internal controls and books and records violations...
Important elements for an Anti‐Corruption           Compliance Program              p          g
JHMultiple Components   ‐ JH
JHFCPA Compliance           ‐ JH Important elements for an Anti‐Corruption Compliance ProgramI    t t l      t f       A t...
Communication & Training                ‐ JHReinforce with multiple touch pointsReinforce with multiple touch points 1. Cl...
FCPA Compliance TrainingFCPA Compliance Training  a web‐based approach
Needs Assessment                                            ‐ JB• Compliance measurements in place? • Is testing done? Tra...
Anti‐bribery & Code of Conduct              ‐ JBTraining should address compliance risk and be tailored to:   • Company cu...
Who’s the Recipient?                pDesign the e‐learning course with role/training variations    ‐ JB• New employees  Ne...
Benefits to Web and Mobile Training                  ‐ JB • Easy access for recipients      y                p • Delivered...
Global Challenges for Compliance TrainingGlobal Challenges for Compliance Training    ‐ JB            Customize course ele...
Tips for developing web‐based training           and minimizing cost                       g
Rapid vs. Custom Training Programs Rapid vs Custom Training Programs                                      ‐ JB  Rapid     ...
5 FACTORS to Consider   Rapid Development          Semi‐custom                Custom Development                          ...
Plan with Internationalization in mind    ‐ JBInternationalize codeDesign or  modularize for cultureDesign or “modulari...
Mobile Pros •Reduces training costs  Reduces training costs •Broad reach •Technology is available  M bil d li            t...
Deployment and tracking        ‐ JB • Learning Management System (LMS) & Content  management (CMS) considerations manageme...
Summary       ‐ Scott • Trends in global corruption & enforcement • Key issues to address in training     y               ...
Thank You!    ‐ Scott                          Contact us at:                               viaLanguage                   ...
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viaLegal Webinar_ FCPA Training for a Global Workforce

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Corruption in a global trade can be a complex issue and is often intertwined
with both company and country culture. In certain areas of the world, corruption can be a common practice that is endorsed – bribery, intimidation and mark ups may exist in all levels of society. For US corporations, non-compliance with the FCPA practices can result in steep fines,
government compliance monitoring as well as loss of reputation and goodwill. Training of staff has never been more critical, but comprehensive programs can be daunting to design, customize, deliver and monitor across global regions. This webcast will address some of the key challenges and offer helpful tips for designing comprehensive web-based training.

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Transcript of "viaLegal Webinar_ FCPA Training for a Global Workforce"

  1. 1. Welcome FCPA Training for a Global Workforce Avoiding Penalties Associated with Non‐Compliance Presented by viaLanguage and CPA Global
  2. 2. Today’s Agenda ‐ Scott • Trends in global corruption & enforcement • Key issues to address in training y g • Developing a web‐based training program • Low cost tips for maintaining compliance content • Wrapping up & questions Wrapping up & questions 
  3. 3. Your Presenters  ‐ Scott • Juliet Hanna Senior Counsel, Client Engagement  Management, CPA Global • Julie Brink Director of eLearning, viaLanguage Director of eLearning viaLanguage • Scott Herber (moderator), EVP Sales, viaLanguage
  4. 4. Trends in Global Corruption & Enforcement 
  5. 5. Foreign Corrupt Practices Act  JH Two parts: 1. Anti‐bribery   2. Accounting, books and records   2. Accounting, books and records
  6. 6. FCPA Anti‐bribery provisions  ‐ JHProhibit:‐Any issuer, domestic concern or person acting within the United States from‐Corruptly making any offer, payment, promise to pay, or authorizing the payment of‐Anything of value‐To a foreign official (including officials of international organizations, political  To a foreign official (including officials of international organizations politicalparties, party officials or candidates for public office) or‐To any other person while knowing that something of value will be offered, given or promised, directly or indirectly, to a foreign government official‐For the purpose of influencing official action or securing any improper business advantage‐To obtain or retain business, or to direct business to any person.
  7. 7. FCPA Accounting Provisions ‐ JH Books & Records Requires issuers to “make and keep books, records and accounts,  R i i “ k dk b k d d which, in reasonable detail, accurately and fairly reflect the  transactions and dispositions of assets.” Internal accounting controls Requires issuers to devise and maintain accounting controls sufficient  to provide reasonable assurances that transactions are executed in  to provide reasonable assurances that transactions are executed in accordance with management’s instructions, recorded as necessary to  permit preparation of financial statements in accordance with GAAP,  that access to assets is controlled according to management’s  g g instructions, and that records are reconciled with existing assets at  reasonable intervals. ‐NOTE:  No materiality requirement
  8. 8. FCPA Enforcement Trends ‐ JHU.S. Department of Justice & U.S. Securities and Exchange Commission – overlapping jurisdiction to enforce the FCPA60 6 year change – enforcement counts new specialized units50 Increasing enforcement activity4030 DOJ20 SEC100 2004 2010
  9. 9. FCPA Monetary Penalties  ‐ JH Significant monetary penalties for  Significant monetary penalties for violations of the FCPA •KBR/Halliburton (2009) ‐ $579 million •BAE Systems (2010) ‐ $400 million •Technip (2010) ‐ $238 million p( ) $ •Daimler (2010) ‐ $185 million
  10. 10. Siemens Example, 2008  ‐ JHPleaded guilty to criminal internal controls and books and records violations.  Three subsidiaries pleaded guilty to conspiracy to violate the FCPA  + penalties to German authorities.authorities.  Penalties paid  •DOJ : DOJ : $450 million $450 million •SEC settlement:  $350 million  (disgorgement) •German authorities: •German authorities:   €395 million €395 million •Munich District Court:   €201 million •German tax authorities:  €179 million 
  11. 11. Important elements for an Anti‐Corruption  Compliance Program p g
  12. 12. JHMultiple Components ‐ JH
  13. 13. JHFCPA Compliance  ‐ JH Important elements for an Anti‐Corruption Compliance ProgramI t t l t f A ti C ti C li P 1. Tone from the top f h 2. Compliance officer 3. Clear policy p y Account for other anti‐corruption laws  in addition to FCPA (e.g., UK Bribery Act) 4. Internal controls, monitoring and review 4 Internal controls monitoring and review 5. Due diligence 6. Reporting system 7. Training with multiple  i i ih li l touch points
  14. 14. Communication & Training ‐ JHReinforce with multiple touch pointsReinforce with multiple touch points 1. Clearly written guidelines, policy and  Code of Conduct 2. Ongoing training – emails, ipods, newsletters, in  2 O i t i i il i d l tt i person sessions, web and mobile training  **Key issues:  agents/consultants, commissions, gifts &  entertainment, charitable contributions
  15. 15. FCPA Compliance TrainingFCPA Compliance Training a web‐based approach
  16. 16. Needs Assessment ‐ JB• Compliance measurements in place? • Is testing done? Tracked? What happens to the Is testing done? Tracked? What happens to the results?• How are updates issued? Frequency? Local or How are updates issued? Frequency? Local or organizational  compliance regulation updates?  • What is being done now that is effective?http://www.netdimensions.com/downloads/whitepapers/NetD_wp_Compliance_enUS.pdf
  17. 17. Anti‐bribery & Code of Conduct ‐ JBTraining should address compliance risk and be tailored to: • Company culture • Company standards •R l i k f db Real risks faced by recipients and business climate i i t db i li tAlso include:Also include: • Scenario‐based and interaction components • Tracking and reporting
  18. 18. Who’s the Recipient?   pDesign the e‐learning course with role/training variations  ‐ JB• New employees New employees• Seasoned employees for refresher or recurring required training• Vendors/contractors/third parties• Different roles and risk scenarios
  19. 19. Benefits to Web and Mobile Training ‐ JB • Easy access for recipients y p • Delivered quickly and with less cost than live training • Customizable to each region or recipient • Easy to update and maintain  • Online testing and tracking • More control More control 
  20. 20. Global Challenges for Compliance TrainingGlobal Challenges for Compliance Training ‐ JB Customize course elements for the  Customize course elements for the location • Local relevant content Local, relevant content • Policy and law differences • Images and branding Images and branding • Workflow systems and process 
  21. 21. Tips for developing web‐based training  and minimizing cost g
  22. 22. Rapid vs. Custom Training Programs Rapid vs Custom Training Programs ‐ JB Rapid                   In‐between Custom $$ $$$ $ Articulate, Captivate Flash builtArticulate, Captivate w/custom Flash elements Low interactivity Interactive elements High interactivity +Level 1-2 interactivity Level 1-3 interactivity simulation Level 2-4 interactivity
  23. 23. 5 FACTORS to Consider Rapid Development Semi‐custom Custom Development DevelopmentTime to develop 2‐3 weeks 3‐6 weeks  6‐12+ weeksBudget Less than $5K per hour $5‐$ 20K per hour $ 20k + per hour Rapid development works well for lower Audience size learning levels – f l Any, but best with  i Any l facts, information and  l i f Any i d smaller audiences under  knowledge sharing.  200 Learning goals   Informative,  Simple orientation/induction training Application, Analysis,  Evaluation, synthesis  Comprehension and  Procedural training Evaluation (Process  (Process and Behavior  Application  (Skill  change)   change)   Improvement, facts,  Product knowledge updates Product knowledge updates information and  Compliance training knowledge sharing)Course complexityCourse complexity Low – no to light  Low no to light Medium – light version of  High–animations,  Medium light version of High animations branching, animations,  interactivity and  simulations and social  video customization interactivity
  24. 24. Plan with Internationalization in mind  ‐ JBInternationalize codeDesign or  modularize for cultureDesign or “modularize” for culture and regionApply translation memory pp y y Audio recording per character and language 
  25. 25. Mobile Pros •Reduces training costs Reduces training costs •Broad reach •Technology is available M bil d li t d •Mobile delivery expected •Continual access Cons •Multiple device types •Anticipate poor adoption Anticipate poor adoption •Less screen space; shorten content
  26. 26. Deployment and tracking  ‐ JB • Learning Management System (LMS) & Content  management (CMS) considerations management (CMS) considerations • Benefits  • Ease of updates and maintenance Ease of updates and maintenance • Reporting and tracking needs • How • Custom portals • Company LMS •OOpen Source/Moodle S /M dl
  27. 27. Summary ‐ Scott • Trends in global corruption & enforcement • Key issues to address in training y g • Developing a web‐based training program • Low cost tips for maintaining compliance content
  28. 28. Thank You!  ‐ Scott Contact us at: viaLanguage 503.243.2007 www.viaLanguage.com g g Facebook.com/viaLanguage Twitter.com/viaLanguage CPA Global 703.739.2234 www.cpaglobal.com
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