Pausing FCPA... an INVITATION TO BRIBE?

26th february 2025 > 9-10 AM CET > online (Zoom)

 

On February 10, 2025, the President of the United States issued an executive order to pause the enforcement of the Foreign Corrupt Practices Act (FCPA). A decision that has shaken the compliance community, considering that the FCPA is one of the milestones in global and national compliance development and one of the most effective tools in the fight against corruption. What are the implications of this decision for companies? Does it mean that bribery is now legal abroad? Do companies need to take action now? How will it affect the global compliance culture? In an expert talk, we will try to shed light on the initial assessments of this decision. During the discussion we will cover different perspectives by experts from around the world.

Hui Chen

Hui is an internationally renowned leader in ethics and compliance. Known for her practical and outcomes-driven approach, she regularly consults with companies, as well as regulatory and enforcement authorities around the world, advising them on the design, implementation, and assessment of ethics and compliance programs. Hui is also a thought leader who collaborates with leading researchers and publishes regularly in business and academic journals.

Marc Tassé

As a Fellow Chartered Governance Professional and also a Fellow Chartered Professional Accountant, I am globally recognized as an expert in international corporate misconduct, crisis response, and ethical leadership, who has extensive experience as an independent special advisor to various board chairs, board members, and CEOs of corporations and organizations, federal and provincial departments, agencies, and crown corporations.

Dr. Klaus Moosmayer

Dr. Klaus Moosmayer has been Chief Ethics, Risk & Compliance Officer and a member of the Executive Committee of Novartis since 2018, overseeing compliance, risk, crisis management, governance, and internal controls. He developed the “Integrated Assurance System” at Novartis and leads the company’s ethics efforts including AI and new technologies. Previously, he was the Chief Compliance Officer of Siemens. He began his career as an attorney after earning a doctorate in business criminal law. Klaus is a member of the Board of Business@OECD (BIAC) and SwissHoldings and serves in many leadership roles in global anti-corruption and governance institutions , including the World Economic Forum’s Global Future Council for Good Governance, and the past B20 anti-corruption task forces. He was the first Chief Compliance Officer to speak before the UN General Assembly. He has published extensively in multiple languages and speaks frequently at international conferences.