The most important factor in working with foreign agents is to make sure that the corporation is at all times protected.
New York, NY (PRWEB) March 18, 2015
Law Department DeskTop Services, LLC (“DeskTop”) announces the addition of the Foreign Corrupt Practices Act (“FCPA”) module to the Compliance DeskTop.
The FCPA extends the Compliance DeskTop to include:
- Tracking of foreign agent communications and agreements;
- Enabling the use of embedded workflows, which reflect the client's processes, to ensure consistent management of FCPA-related matters, including management reporting
- Transfer of all appropriate content from the compliance department to the legal department when an issue becomes a legal matter. The DeskTop manages the transfer so establish effective privilege.
Steve Lauer, Principal of Lauer & Associates, has assisted in the design of the FCPA as well as O. Forrest Morgan, President of the DeskTop who was involved in the early implementation of FCPA as the AGC of Westinghouse.
“The most important factor in working with foreign agents,” offers Forrest Morgan, “is to make sure that the corporation is at all times protected. This includes making sure that all agreements, directives and documentation are up to date and managed within a system. Our FCPA module allows both marketing and compliance to access and collaborate whenever an agreement expires, a territory changes or other changes occur in the relationship of the corporation to the agent.”
Mr. Lauer adds, “We designed both the Compliance DeskTop and the new FCPA module keeping in mind the mid-sized corporation that, in this internationally-connected world needs to avail itself of agents but does not have the resources to develop and implement a complex system to protect the company.”
Cost and Implementation
The Compliance DeskTop is hosted on secure, cloud-based Microsoft SharePoint servers. There is no charge for individual users so that marketing, compliance and legal can all access the system. All a corporate compliance department needs to get started is a browser. The cost is $5,000. per year.
Documenting and Managing Foreign Agents
The Compliance DeskTop maintains a list of all of a company’s foreign agents and tracks documentation, communications, countries covered by an agreement and commencement and renewal dates.
About Law Department DeskTop
Law Department DeskTop provides a hosted, SharePoint facility that streamlines the workflow processes between law firms and their corporate clients. The DeskTop consists of legal modules which either have been developed in-house or by law firms with an expertise in a particular area of the law. Modules include: Litigation, Leasing, IP, Employment, Environment, SEC / FINRA and others.
By implementing simple, secure workflows, the most appropriate, cost-effective resources may be used to process legal workproduct. Though there are many ways to help reduce a corporation’s legal spend, we believe the fastest, easiest way is to build workflows to manage on-going, repetitive legal tasks.
For more information, please email sales(at)lawdepartmentdesktop(dot)com or call (646) 559-8979.
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