Anti-Corruption & FCPA Compliance Core Committee Meeting – 13th March 2018
On 13th March 2018, the Anti-Corruption & FCPA Compliance Core Committee Meeting took place at the Coca-Cola office in Gurugram. The opening remarks were given by Ms. Ritika Ratti, Chairperson – Anti-Corruption & FCPA Compliance Committee, AMCHAM and Chief Ethics & Compliance Officer & Head of Anti-Corruption, Walmart India. There was an interactive discussion on the following topics: control mechanisms that can be implemented for CSR activities in India to avoid risk under FCPA or anti-corruption laws, contributory factors for India being ranked 81 in the Global Corruption Perceptions Index in 2017 vs. 79 in 2016, increasing regulatory scrutiny of bribery and corruption – is it a media hype or actual execution at the ground level, parent-subsidiary liability under FCPA, internal audits and/or internal action initiated for contravention of compliance policies/directives and how youth in India can play an important role in building a corruption-free country. Members decided that the Anti-Corruption & FCPA Masterclass 2018 should be hosted in August. The committee would begin work towards the agenda and logistics in the next meeting.