A symposium, sponsored by the University of Illinois College of Law and the Center for Professional Responsibility in Business and Society, invited participants with “diverse and practical knowledge to provide a more comprehensive understanding of how legal reforms, political climate, business practices, and corporate governance contribute to the efficacy and influence of regulation and regulatory reform in the anti-bribery and corruption arena.” (Illinois College of Law, 2018).
The event reflected on the 1977 congressional approval for the Foreign Corrupt Practices Act (FCPA) and how its 40th anniversary "presents an opportunity for reflection and consideration of the influence and success of the Act." For more information on the College of Law and Center for Professional Responsibility co-sponsored event as well as a brief history of the FCPA and its significance, please visit the following link to Learn More>> (Illinois College of Law, 2018).
Following the 2018 symposium, papers presented from a variety of academics were reviewed and most recently published in the 2019 Illinois Law Review. Below, a selection of papers appearing in Illinois Law Review and respective links to access the papers articles follows:
Paul E. McGreal, Implications of Extrajudicial Enforcement of the U.S. Foreign Corrupt Practices Act for Anti-Corruption Compliance and Ethics Programs, 19 U. Ill. Rev. 1151 (2019).
Ira B. Raphaelson, My “Theory of Everything”: The Evolution of Corporate Governance in the 40 Years Since Passage of the Foreign Corrupt Practices Act, 19 U. Ill. Rev. 1173 (2019).
Veronica Root Martinez, The Outsized Influence of the FCPA?, 19 U. Ill. Rev. 1205 (2019).
Sean J. Griffith & Thomas H. Lee, Toward an Interest Group Theory of Foreign Anti-Corruption Laws, 19 U. Ill. Rev. 1227 (2019).
Mike Koehler, Has the FCPA Been Successful in Achieving Its Objectives?, 19 U. Ill. Rev. 1267 (2019).
Nicola Faith Sharpe, Prioritizing Process: Empowering the Corporate Ethics and Compliance Function, 19 U. Ill. Rev. 1321 (2019).
More information on the FCPA event and subsequent papers produced is available HERE
Additionally, this PRESENTATION provides further background and history on the FCPA