Sec Charges Goldman Sachs with FCPA Violations Discussion – Description
This is the chosen company: Goldman Sachs Group / Tim Leissner
U.S. Securities & Exchange Commission Enforcement Actions
Goldman Sachs Group / Tim LeissnerGSGreater than $1 bn.2020
This list is comprised of well-known companies (so you will have access performance and other data, as well as business press reviews, etc.) that have been found of serious corporate governance failures that have resulted in criminal charges and subsequent fines being applied by the U.S. Securities and Exchange Commission and/or Department of Justice and/or other regulatory bodies.
Your team will review the primary causes of the company’s governance failure and devise and recommend changes to corporate governance protocols and practices for ensuring that similar infractions do not occur in the future (and would have prevented the failure event/s to have occurred in the first place).
Your assignment report for the company you choose to review can be up to 10 pages in length and be supported by relevant tables and appendices. Similar to your case analyses, the requested format is single-sided, single spaced, 12-point Times New Roman, ‘1” margins throughout.
Go to the Securities & Exchange Commission, SEC Enforcement Actions: FCPA Cases https://www.sec.gov/enforce/sec-enforcement-actions-fcpa-cases for your chosen company FCPA case summary description/s and go from there.
Assignment Report
The assignment is to prepare a professionally presented Report with section topics as follows:
Introduction to the Company – what it does, how big it is in terms of total and segment revenue, how many employees it has, its global footprint, etc.
The FCPA Case and its Allegations – what sections of the Act contravened; description of what happened, when (over what period of time), where, how, by whom, why?
The FCPA Case and its Outcome – the legal determination, any mitigating circumstances, the fine/s – how much to be paid to which governmental and other entities
Your Team’s Views on Whether the Company’s Act/s Could Have Been Prevented – If yes, how? If no, why not?
Your Team’s Views on Whether the Company’s Act/s (and fines) are Just “Cost of Doing Business” –
Your Team’s Views on Whether Subsequent Remedial Actions Were Taken by the Company Post SEC Fines – What were these? Have they been effective?
Your Team’s Views on What Further Actions Should be Taken by the Company to Prevent Similar Acts Occurring in the Future – what policies, protocols, procedures; what other actions would you recommend (if any)?
Summary Evaluation of Ideal Corporate Governance Procedures
Your review of the company your team has chosen can be up to 10 pages in length and, in addition, can be supported by relevant Appendices. As for your company analyses, the requested format is single-sided, single spaced, 12-point Times New Roman, 1” margins throughout, to be submitted in Word. The report is to be professional presented and references noted appropriately.The companies (below) all have committed at least one offense in contravention of the Foreign Corrupt Practices Act 1977 (see – https://www.sec.gov/securities-topic/foreign-corrupt-practices-act, and https://www.justice.gov/criminal-fraud/foreign-corrupt-practices-act) that has revealed significant failures in corporate governance.For the assignment you will have to understand the part/s of Act and its provisions that have been contravened, as well as the actions that have led to your chosen company to have been prosecuted, to have been be found guilty of the event/s contravening the Act, and to have been fined by the Securities Exchange Commission and/or the Department of Justice (and potentially, other international regulatory bodies).
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