Houston (Vocus) July 17, 2009

Responding to the challenges facing up corporeal court-ordered departments today in insuring circular anti-corruption compliance, Lex Mundi has rolled up and printed Best Practices in Preventing Fraud and Corruption in a Global Business. Developed by Lex Mundi member firms around the globe, in collaboration with in-house counsel and members of the Lex Mundi Client Advisory Council, Best Practices in Preventing Fraud and Corruption in a Global Business provides pragmatic suggestions and steps to alter corporations and their law firm advisors to work together to evolve efficacious compliance programs to debar, observe and remedy wrongdoing, especially fraud and corruption

As a result of significant changes in the regulatory landscape, global businesses are facing more numerous and complex regulations as well as increasingly aggressive enforcement environments. The truthful impact for businesses is a shift in emphasis from detection of corruption to enforcement a shift that increases the pressure on corporeal court-ordered departments to demo compliance.

E. Leigh Dance, President of ELD International, Inc., who assisted evolve these best practices, noticed, “Corporate law departments expend an enthusiastic deal of time and focus on reducing the risks of corruption and fraud for their organizations wherever they are about. It is a necessitating task in light of fast circular expansion and the ample range of cultures and business practices impacted by regulation. The costs tied in with insuring compliance globally are eminent, and too many corporeal law functions do not have the resources or the management commitment they necessitate. Beyond the big task of understanding and reacting to fresh regulations, in-house counsel also have the challenge of schooling the corporate workforce and its leadership about the issues in order to reduce the earthshaking risks. Law firms reding global companies can react to this challenge by working alongside in-house counsel on training, scrutinising, announcing, investigations, reacting to restrictive inquiries and other areas.”

The publication covers the Foreign Corrupt Practices Act (FCPA) and recent FCPA enforcement actions, as well as other existing anti-corruption standards. The best practices also spread over the issues that are amidship to efficacious compliance programs and render proposed ways that in-house and outside counsel can work together in the areas of:

Corporate Policies and Procedures Monitoring, Controls, Reporting and Audits Investigations, Disciplinary Actions and Sanctions Compliance Structure: Coordination With Other Functions Within the Company Communication: Promoting Compliance and Maintaining Vigilance Education and Training in a Global Corporate Setting Responding to Third-Party Fraud and Corruption Risk

Frank Eichler, General Counsel and Executive Vice President of Ozburn-Hessey Logistics, a global supply chain solutions company with operations on seven continents, also commented, “Understanding the requirements of the FCPA is critical for in-house counsel of companies that do business internationally. The stakes at risk for FCPA violations are enormous today for both companies and individuals and under-managing or ignoring the risks is simply not an option.”

The publication is developed as a part of Lex Mundi’s best practices series ‘Working Together: In-House Lawyers and External Counsel’. It, as well as other best practices publications, is accessible on the Lex Mundi web site loose of charge at: http://www.lexmundi.com/images/lexmundi/PDF/BestPractices/BestPractice_FraudCorruption.pdf

Lex Mundi is the world’s leading association of independent law firms. The association has more than 160 member firms around the world, standing for approximately 21,000 lawyers. Membership in Lex Mundi provides member firms with a sworn network of law firms that share akin values and an akin focus on quality through which they can access circular court-ordered resources that alter them to serve their clients better and to better continuously all aspects of their firms. Member law firms are turned up throughout North America, Europe, Latin America and the Caribbean, Asia and the Pacific, the Middle East and Africa. Through its noncommercial affiliate, the Lex Mundi Pro Bono Foundation (www.lexmundiprobono.org), Lex Mundi member firms render pro bono legal assistance to cultural entrepreneurs around the globe. For more information about Lex Mundi, delight visit www.lexmundi.com

For a printable version of this press release, please visit http://www.lexmundi.com/images/lexmundi/PDF/PressReleases/BestPractices_FraudCorruption.pdf

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