Firms Battle Dangers of Overseas Markets

The Saint ReportNews 2010, saintblogLeave a Comment

June 13, 2012 — Women’s Wear Daily — By SHARON EDELSON — Breaking into foreign countries is forcing companies to adapt on the go, raising legal issues and gray areas at almost every turn — and causing them to worry about running afoul of the U.S. Foreign Corrupt Practices Act. Proof of this came Tuesday when lawyers for Wal-Mart Stores Inc. in a global review identified Brazil, China, India and South Africa, in addition to Mexico, as countries that represent the highest risk of corruption. According to a letter from lawmakers investigating the company, Reps. Elijah Cummings (D., Md.) and Henry Waxman (D., Calif.), Wal-Mart asked its lawyers to expand the review to a worldwide assessment of the company’s anticorruption policies. Saint Consulting President Patrick Fox is quoted in this article on the dangers firms face in doing business in certain countries.

Read the Article
(subscription required)


Leave a Reply

Your email address will not be published. Required fields are marked *