In the News Today - October 18, 2016

October 18, 2016
  • SEC Cites Companies Compliance Program in Decision Not to Prosecute Alleged FCPA Violations: In what Bob Conlin of NAVEX Global writes is "a remarkable affirmation of the value of robust compliance and due-diligence programs," the Securities and Exchange Commission (SEC) last month announced that it would not prosecute Harris Corporation for potential Foreign Corrupt Practices Act (FCPA) violations, even though the agency charged an officer of the company over FCPA allegations related to Chinese officials. The SEC specifically pointed to the company's "compliance programs and cooperation." (JD Supra)