Internal Process & Due Diligence

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Presentation transcript:

Internal Process & Due Diligence VALET - October 15, 2010 Internal Process & Due Diligence Presented by Michael Runyan

Agenda Effective Partnerships Anti-Corruption Landscape Due Diligence Corporate Culture & Policy Training & Awareness

Effective Partnerships What is Most Important for Your Business Quality Turnaround Time Price Expansion

Effective Partnerships Building Relationships Vendors Joint Ventures Intermediaries Consultants Employees

Effective Partnerships Who Are You Conducting Business With Vetted Ethical Standards Legal Background Financial History Trustworthy

Effective Partnerships What Are the Risks of Business in an Uncertain World

Anti-Corruption Landscape Anti-Bribery Legislation Foreign Corrupt Practices Act (FCPA) 1977 UK Bribery Act OECD UN Foreign Laws Affects All Transactional Business & Record Keeping

Anti-Corruption Landscape FCPA Enforcement 120 Investigations in 2010 Massive Fines Criminal Penalties Global Collaboration Size or Industry Does Not Matter Foreman “He should have known this was going on, it’s his job”

Due Diligence Evaluate Risk Determine Relationship Disclosure Documents Conduct Inquiries Scale to Requirements Uniform Action

Due Diligence Identify Red Flags PEP State Owned Non-Disclosure Expenses Unlikely Business Partner Relationships Financial Concerns Ongoing Investigations Debarred/Sanctions Recommendations

Due Diligence Evaluation & Decision Document All Findings Periodically Review Know Who You Are Working With Act Accordingly

Corporate Culture & Policy Culture of Compliance Employees are the 1st Line of Defense Know the Company Policy Top Level Management Reward Efforts

Corporate Culture & Policy Compliance Program Guidelines for Operations and Sales Show the Line Documented Policies Agreements Documented Mitigate Risk Maintain Integrity – Facilitate Trade

Training & Awareness Program Development Mandatory Documented Audit Periodic Review

Training & Awareness Continuous Improvement More than a Paper Program Know Your Business Partners Periodically Re-Evaluate

We Never Sleep Michael Runyan Managing Director 2001 Jefferson Davis Hwy, Ste. 407 Arlington, Virginia 22202 703.413.2340 O 703.413.2347 F 202.258.4594 C michael.runyan@ci-pinkerton.com www.ci-pinkerton.com We Never Sleep Name Surname | Title of presentation | Date 16 16

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