By: Reid Whitten

On August 22, 2012, the Securities and Exchange Commission (SEC) adopted final rules requiring oil, natural gas, and mining companies to report to the SEC certain payments to foreign governments.  The new rules are aimed at increasing transparency in the global resource extraction industry but may create confusing and onerous Foreign Corrupt Practices Act (FCPA) compliance burdens for many U.S. and foreign companies.  For some, the requirements may present an obstacle, but for companies that get ahead of the new rules and tailor their FCPA policy and protocols appropriately, the requirements may be the pivot point they need to step toward a lean and effective compliance regimen.

Continue Reading Stumbling Block or Stepping Stone? Companies Face the Choice: Trip Over the SEC’s New Reporting Requirements or Use them to Launch Strong and Effective Compliance Measures