COMPANIES THAT USE SUPPLIERS WITH POLITICAL “CONNECTIONS” MAY DAMAGE REPUTATION - Good stuff on Compliance with Anti-bribery!
COMPANIES THAT USE SUPPLIERS WITH POLITICAL “CONNECTIONS” MAY DAMAGE REPUTATION Compliance Expert Cites Risk Areas – and How to Avoid Them Tempe, AZ (June 28, 2016) – Politics certainly are top-of-mind for Americans as the Presidential race heats up this summer. It also should be ever present in the minds of corporate management when making decisions about suppliers, says an executive who advises companies on integrity and compliance risk issues. “Your supplier potentially could damage your reputation by associating with a certain government or political party,” said Scott Lane, Executive Chairman of The Red Flag Group, which counsels executives at major companies globally. “Even though most companies have policies about engaging suppliers with links to political parties, political officials or people heavily involved in government to protect impartiality of the firm and ensure there is minimal risk of bias toward a particular government or political party, g