Compliance into the Weeds CPA In America-the ComEd Bribery Action
Jul 22, 2020
19:24
Compliance into the Weeds is the only weekly podcast which takes a deep dive into a compliance related topic, literally going into the weeds to more fully explore a subject. In this episode Matt Kelly and Tom Fox take a look the recent domestic bribery and corruption enforcement action involving ComEd, a subsidiary of energy giant Exelon Corp. and the largest utility in the state of Illinois, agreeing to pay $200 million to settle federal corruption charges that also involve one of the state’s most powerful politicians.
Some of the highlights include:
- Compliance practitioners need to remember domestic bribery and corruption as well as international.
- The bribes were offering lucrative lobbying contracts and no-show jobs to associates of Illinois House Speaker Michael Madigan.
- How did compliance save the day for ComEd?
- What about the Board of ComEd and Exelon?
- Is there a real commitment from the top?
Resources
See Matt’s blog post, ComEd Pays $200 Million on Domestic Bribery on Radical Compliance.
Learn more about your ad choices. Visit megaphone.fm/adchoices