My “Theory of Everything”

The Evolution of Corporate Governance in the 40 Years Since Passage of the Foreign Corrupt Practices Act

Although the Foreign Corrupt Practices Act (“FCPA”) was not necessarily needed to combat bribery and corruption when it was adopted in 1977, it has helped shape corporate governance stand-ards worldwide. This Article examines the four decades of the FCPA. It begins by reviewing the origins of the Act, looking at the context in which the Act emerged, and summarizing key provisions of the FCPA. The Article then highlights important developments under the FCPA. The Article concludes by providing core lessons on the subject of FCPA training and the impact the FCPA has had over the last forty years.

The full text of this Symposium is available to download as a PDF.