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Goodyear FCPA Fine Highlights Benefits of Cooperation and Robust Compliance Controls
2015-03-03 19:30:05| Industrial Machines - Topix.net
The Goodyear Tire & Rubber Company , one of the world's largest tire companies, reached a significant settlement with the U.S. Securities & Exchange Commission in connection with charges that two of its subsidiaries violated the Foreign Corrupt Practices Act . The February 24 settlement, the SEC's second of 2015, is notable because it highlights how cooperation with the SEC and adequate compliance and oversight over corporate subsidiaries can mitigate FCPA penalties.
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Category:Industrial Goods and Services