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Today’s organizations face increasingly complex regulations and legislation, targeting an array of new risks that must be addressed by corporate compliance and oversight. By putting the spotlight on areas of inadequacy in corporate ethics and compliance programs, a new study conducted by Corporate Board Member in partnership with FTI Consulting sounds a warning to governing directors and legal advisors that today’s rapidly shifting environment may pose a challenge to their established oversight function.

In this research report, we present the top concerns of more than 300 public company directors regarding the legal risks and challenges their organizations face by taking an in-depth look into anti-corruption and anti-bribery oversight practices.




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KEY FINDINGS

confidence in ethics and compliance is eroding

6 out of 10 directors report not having measurable guidelines for compliance monitoring

an increasing number of directors say whistleblower/hotline reports are exposing potential or existing compliance problems

a third of board members have not yet leveraged advanced technologies to enhance compliance monitoring

CONFIDENCE IN

COMPLIANCE