Going the Distance: Risk Management Strategies for Furthering Your Company’s Global Strategic Plan

A team comprising Kathleen Murphy, Joan Koenig and Jesse Witten presented a seminar titled, “Going the Distance: Risk Management Strategies for Furthering Your Company’s Global Strategic Plan,” Wednesday, September 18, in Kansas City, MO.

With the global economy remaining sluggish, foreign countries may be more apt to adopt new -- and potentially inconsistent or conflicting -- regulations to stimulate growth.  This will likely leave businesses with additional, often vexing, barriers to clear in their global business efforts.  For international companies that keep globalization and compliance top-of-mind, market growth and profits are more likely to be sustainable from year to year.

These risks and others were addressed at the Trade Summit presented by Drinker Biddle & Reath LLP, in partnership with the Kansas World Trade Center, the International Trade Council of Greater Kansas City and the Association of Corporate Counsel Mid-America.

Washington, D.C., partner Jesse Witten gave a presentation titled, "Managing Risk Under the U.S. Foreign Corrupt Practices Act and the UK Bribery Act." The presentation included an overview of the Foreign Corrupt Practices Act (FCPA), an overview of the UK Bribery Act, elements of a compliance program to reduce liability under the FCPA and UK Bribery Act, recent FCPA enforcement developments and FCPA case studies.

Chicago partner Kathleen Murphy gave a presentation titled, "Turning Trade Compliance into a Competitive Advantage." The presentation outlined ways companies can benefit from trade data and trade compliance programs.

Chicago counsel Joan Koenig gave a presentation titled, "Managing the Extra-Territorial Impact of U.S. Export Regulations." The two main focal points of U.S. export control laws and regulations are national security and foreign policy.  Given this broad and important “mission,” it is not surprising that U.S. export control laws and regulations can be broad and far-reaching, impacting transactions that take place completely outside the U.S. involving foreign-made products.  This presentation discussed the extraterritorial aspects of U.S. export control laws and regulations and the potential risks they pose for U.S. exporters.