Examples of CFPOA in a sentence
To protect itself, the Corporation should ensure that the joint venture agreement contains representations and warranties that the venture partners will comply with the CFPOA and that no improper payments will be made to Foreign Public Officials to obtain business.
Both Parties represent that neither it nor any of its directors, officers, or employees is a government official, including without limitation an official or employee of any government, an official of a political party, or a candidate for political office, or a director, officer, employee, or “affiliate” (as defined in the CFPOA) of a government instrumentality.
Each Party further represents that, in particular, it is familiar with the prohibitions of the CFPOA and the Criminal Code against offering, paying or giving anything of value, either directly or indirectly, to foreign or domestic officials (including employees of state-owned or controlled enterprises), candidates or political parties for the purpose of securing any improper advantage for a company, including assisting a company in obtaining or retaining business.
When the Corporation has a minority interest, it is required to make a good-faith effort to cause the venture to comply with the CFPOA.
The CFPOA and the FCPA also require companies to maintain accurate books and records and internal controls, including at foreign controlled subsidiaries.