Human Resource leadership face a sea of change in how the U.S. government and world bodies hold businesses and their employees accountable for bribery and corruption in international transactions. Under a matrix of laws and regulations still being hashed out in Washington and in overseas capitals, U.S. employers doing business overseas today are confronting the potential for ruinous civil and criminal fines for 'bribery and corruption' that could run the millions.
A panel of experts told Bloomberg BNA that Human Resource leaders are in the middle of it, because like it or not, the risks run through the human chain, top-to-bottom, in every enterprise, from the board room to employees in-house, to agents and business partners overseas, even to those overseas partners, and subcontractors who have no other constructive relationship with the U.S. employer.
The latest decisions and pending regulations are explored in this issue of Workforce Strategies, with advice from practitioners from around the nation as well as overseas. A compendium of outside resources are included, as well as contradictory voices, part of a behavior cycle roiling the world of international trade.