Pace professor John Alan James is quoted in an Industry Week article about foreign bribery scandals and the lessons that they teach to companies trying to expand their global presence. Taken from the article:
Corporate governance expert John Alan James takes it a step further and says internal controls begin with board directors who define codes of conduct. Companies then need leaders who “set the tone,” says James, a professor at Pace University’s Lubin School of Business in New York. Simply throwing money at the problem won’t erase a poor corporate culture, he adds. “There is one company I know of that spends millions of dollars a year on corporate conduct, and they have one of the lousiest criminal incident rates of any company I’ve ever known,” he says.
To read the full article, visit Industry Week.
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