As compliance requirements continue to evolve in France, the
guide offers focused, much-needed advice on three areas: audits as
part of M&A, how and when to audit, and the outcomes.
Most companies know the consequences bribery or corruption
allegations may have on them, both the legal risks and the
reputational damage. Following the Sapin 2 law, more and more
businesses have implemented compliance programs. These include
measures to prevent risks within their organizations, as well as in
their supply chain and distribution channel relationships.
Under Sapin 2, French-based groups that employ (directly or
through affiliates) at least 500 people and turnover more than
€100 million must have a compliance program. This applies to
the French holding companies and their subsidiaries, regardless of
whether the subsidiaries have their registered office in France or
abroad. Even companies that don't meet these criteria are urged
to implement a compliance program. This should
