This week, White Collar Post features a guest
post from internationally known compliance and anti-corruption
expert Marc Y. Tassé.
Good strategists manage uncertainty by playing the
probabilities, but too many executives use wishful thinking when it
comes to anti-corruption compliance. Playing the probabilities
means understanding the odds of success. Just 1 in 12 companies
manages to Mitigate Reputational Risk Exposure resulting from
non-compliance and therefore this result in a High Level of
Reputational Risk Exposure.
Non-compliance seriously increases risk and liability;
depreciates M&A and joint venture value; potentially damages
the brand; undermines and reduces trust and confidence; increases
the potential for prosecution; and threatens sustainability.
Executives must be pro-active and continuously diligent in their
efforts to mitigate individual and organizational risks.
