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In an age of massive data leaks, whistleblower bounties, and multimillion-dollar fines for violations of bribery and corruption laws, multinational corporate executives and board members must prioritize the implementation of robust anti-corruption compliance programs to safeguard their companies and shareholder value.

The goal of any anti-corruption compliance program is to prevent and detect misconduct. However, as importantly, good governance can help strengthen the rule of law and the communities in which our corporations operate, both here at home and around the world.

As Peter MacKay, Baker & McKenzie Senior Partner and former Canadian Minister of Defence and Justice, writes in this Law Times article, now, more than ever, companies must develop and implement effective compliance programs, which should include strong leadership, rigorous internal policies and procedures, greater transparency measures, and regular employee training. These elements must be accompanied by region- and industry-specific risk analyses, and vigorous third-party agent and supplier due diligence from one end of the supply chain to the other.

Author

Peter MacKay is a partner in the Baker McKenzie Toronto office. Prior to joining the Firm in 2016, Peter MacKay, PC, QC (Privy Council and Queen's Counsel), served in the Parliament of Canada for over 18 years and in a ministerial post in the Canadian government for almost ten years after the Conservative Party formed a government in 2006. Most recently, he served as Canada's Attorney General and Minister of Justice until November 2015, a position to which he was appointed in 2013. Prior to this post, Peter served as the Minister of National Defence for six years and held joint cabinet positions as Minister of Foreign Affairs and Minister for the Atlantic Canada Opportunities Agency for 18 months.