31 January 2012
Husisian Quoted on Potential Regulatory Risks
Foley Of Counsel Gregory Husisian discussed how potential regulatory risks often depend on the particular industry in which a company operates. He said the risk profile of private companies is determined by where they operate, what kind of products they sell, and their business mode. Noting the U.S. government's focus on the Foreign Corrupt Practice Act (FCPA), he added that private firms and nonprofits are subject to the FCPA's anti-bribery provisions but not its bookkeeping and internal controls provisions.