I just thought this was interesting because of the small dollar amount, it is a short read from the FCPA Blog, about Lennox International self-reporting a $425 bribe. Of course, depending on the status of the audit committee’s investigation, it is possible that they could find more. And, as we know, dollar amount is not the only criteria for determining materiality – qualitative criteria can also be important.
Click on the following link for the discussion, Click Here.
A blog discussing the law, D&O, governance, liability and other aspects of public and private businesses, not for profit organizations, and governmental entities – see additional detail below - note: sometimes I post information just to pass it along on these topics (not an endorsement), and sometimes I provide only brief comments or no comments, not a more full discussion. 