Corporate social responsibility (
CSR) at times needs a boost from the law. For example, in Forbes’ CSR
blog yesterday, writer
Amol Mehra, a human rights lawyer, urged readers to learn from Johnson & Johnson’s recent spate of troubles. Discussing a J&J’s subsidiary’s alleged bribery payments and therefore violation of the US Foreign Corrupt Practices Act (FCPA), Mehra points out how companies actually support this law and see FCPA as a way to develop compliance and
transparency programs.
Unfortunately, FCPA is under attack by the US Chamber of Commerce, and Mehra reminds us why the act is important in the first place.
. . . a strong internal compliance program should be an integrated part of corporate social responsibility. Companies should be able to identify and mitigate against bribes and corrupt payments not only to ensure compliance with the law, but also to keep markets competitive and to ensure that their activities are benefiting the societies in which they operate.
Read the post
here.
