Houston Attorney Launches Advanced Compliance Solutions for Companies Doing Business Overseas
HOUSTON, Feb. 24, 2015 /PRNewswire/ -- Respected corporate compliance attorney and author Tom Fox has launched a new consulting business, Advanced Compliance Solutions, to provide crucial information for companies on how to avoid the legal exposure and financial risk inherent in doing business overseas.
A longtime attorney, Mr. Fox is now an independent consultant, assisting businesses with anti-corruption compliance issues. Advanced Compliance Solutions provides companies with assistance in developing codes of conduct and training for managers, in addition to compliance guidance on international transactions involving agents, representatives or distributors, and joint ventures.
"Through Advanced Compliance Solutions, I am able to provide a wider range of options for international businesses," Mr. Fox says. "U.S. government enforcement of the Foreign Corrupt Practices Act remains robust. Company leaders conducting international business must understand how to comply with the law – and so must their employees. In recent years, a number of Texas companies have paid the price for violating the FCPA."
A frequent speaker and columnist, Mr. Fox is also the author of several books on anti-bribery laws and investigations. Last week, an expanded edition of his previous e-book on pharmaceutical giant GlaxoSmithKline PLC – GSK in China: Anti-Bribery Enforcement Goes Global – was issued in paperback and is available on Amazon.com.
Mr. Fox describes China's prosecution of the British company as "one of the most significant events in the anti-corruption enforcement world. This was the first prosecution of a Western company for violation of Chinese laws prohibiting bribery of Chinese government officials."
The book – essential for any company doing business in China or planning operations there – recounts the missteps and "hubristic blunders" by GSK. The case resulted in prison terms for one American and several British and Chinese citizens, plus a fine of nearly $500 million.
Providing global compliance services, Advanced Compliance Solutions helps clients mitigate exposure and financial risk due to the inherent complexities of conducting business in other countries. With sole emphasis on global organizations, and a select client portfolio, Advanced Compliance Solutions provides an unsurpassed level of personal service. For more information, please visit www.advancedcompliancesol.com.
For more information about Mr. Fox's Advanced Compliance Solutions and his book, please contact Kit Frieden at 800-559-4534 or [email protected].
SOURCE Advanced Compliance Solutions
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