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- Title
MY "THEORY OF EVERYTHING:" THE EVOLUTION OF CORPORATE GOVERNANCE IN THE 40 YEARS SINCE PASSAGE OF THE FOREIGN CORRUPT PRACTICES ACT.
- Authors
Raphaelson, Ira H.
- Abstract
Although the Foreign Corrupt Practices Act ("FCPA") was not necessarily needed to combat bribery and corruption when it was adopted in 1977, it has helped shape corporate governance standards worldwide. This Article examines the four decades of the FCPA. It begins by reviewing the origins of the Act, looking at the context in which the Act emerged, and summarizing key provisions of the FCPA. The Article then highlights important developments under the FCPA. The Article concludes by providing core lessons on the subject of FCPA training and the impact the FCPA has had over the last forty years.
- Subjects
CORPORATE governance; LEGAL history; FOREIGN Corrupt Practices Act of 1977 (U.S.); PREVENTION of bribery; PREVENTION of political corruption
- Publication
University of Illinois Law Review, 2019, Vol 2019, Issue 4, p1173
- ISSN
0276-9948
- Publication type
Article