Corruption - Loss of Opportunities
CIM Montreal 2015
Milos Barutciski (Bennett Jones LLP)
Resource companies do not have the luxury of doing business only in low-risk jurisdictions. They must go where the resources are located and be prepared to do business in jurisdictions where the rule of law is weak and institutional governance is weaker. Compliance with anti-corruption laws is mandatory, but compliance costs can be managed to maximize effectiveness and value for investment. The presentation will consider approaches that mitigate risk while keeping out-of-pocket and indirect business costs as well as management distraction under control.