The California Transparency in Supply Chains Act of 2010, which became effective January 1, 2012, uses the tool of public disclosure to compel corporate social responsibility. Specifically, the Act has the goal of exposing retailers and manufacturers whose products are made through human trafficking and slavery. In doing so, the California legislature follows Justice Brandeis'...
Many startups and private companies feel lucky that they don't have to worry about the Foreign Corrupt Practices Act (FCPA). Think again. Growing startups and private companies, especially those with global aspirations, must address the risk of Foreign Corrupt Practices Act issues head on. In its simplest terms, the FCPA prohibits the payment of bribes...
Whistleblowing of corporate fraud is a major concern of general counsel and boards of directors of companies. Section 922 of the Dodd-Frank Financial Reform Act is causing more worries for in-house counsel (here are the proposed rules for Regulation 21F of the Securities Exchange Act of 1934). Section 922 of Dodd-Frank contains provisions for the...
Do you use location based services, such as Foursquare, Twitter, or Facebook? If so, you may start paying a price in the form of higher home insurance premiums. Why? Because social media, geolocation, and location based services alert others as to your location. Specifically, people can figure out when you are or are not at...