Professional Documents
Culture Documents
AUGUST 2015
ASIA EDITION
Companies tackle
corruption minefields
EXPANSION PLANS
Bae, Kim & Lee eyes
ASEAN and beyond
HK LAW AWARDS
INSIDE
n BIG STORY
n LEAGUE TABLES
n DEALS
PAGE 16
PAGE 20
PAGE 50
n APPOINTMENTS
6
14
16
IN-HOUSE FOCUS
CLEARING HOUSE
AS ASIAN COUNTRIES ROLL OUT OR STEP UP THEIR ANTI-CORRUPTION EFFORTS, WHAT
SHOULD COMPANIES DO TO ENSURE COMPLIANCE AND SIDESTEP POTENTIAL MINEFIELDS?
EILEEN C. ANG FINDS OUT
MOST CONSCIENTIOUS
MNCS WORKING IN ASIA
HAVE BUILT UP ROBUST
COMPLIANCE PROGRAMS
THAT ACKNOWLEDGE
THIS GLOBAL EFFORT TO
STAMP OUT CORRUPTION
WHILE ALSO BUILDING
AN INTERNAL CULTURE
OF COMPLIANCE THAT
ACKNOWLEDGES
THAT EACH COMPANY
OPERATING IN ASIA CAN
CONTRIBUTE TO THE
EFFORT BEYOND THE
REGULATIONS PUT IN.
Dan Shea, Microsoft
cedures that support it, says Jarrod Baker,
senior managing director at FTI Consulting.
These procedures should be around items
including but not limited to, gifts and entertainment, facilitation payments, charitable
donations, training, use of third parties,
he adds.
HOTBED OF CORRUPTION?
Asia is home to some of the worlds most
and least corrupt countries, according to the
2014 edition of Transparency Internationals
annual Corruption Perception Index. Out of
18
IN-HOUSE FOCUS
Anti-corruption body/regulator
Hong Kong
India
Indonesia
Japan
Anti-Corruption Commission
Malaysia
Myanmar
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Source: Asia Pacific Anti-Corruption Report (5th edition) by Herbert Smith Freehills
cases within
Asia that can help with such a message.
CO N T I N U E D F RO M PAGE 16