Corruption and Compliance Programs: Comparison of French and U.S. Approaches
By Philippe Bouchez El Ghozi, Jennifer D. Riddle and Clémence Auroy
The decision concerning the conclusion of the United Nations Convention against corruption has been published, on behalf of the European Community, on October, 29, 2008. Such Convention aims at intensifying member countries efforts within the prevention of bribery by strengthening cooperation at national and international levels.
Within the frame of the prevention of bribery, compliance programs, which are mandatory in the U.S., are spreading to French companies because of criminal, business, and media risks that a company may encounter if it is accused of corruption.