Consequences

“U.S. to Restrict Chip Maker,” The Wall Street Journal, October 30, 2018 A5.  Company accuses another company of stealing intellectual property. US government “restricts” US firms from dealing with the accused thief, which is owned by the Chinese government.

So, even though the accused thief has not been held legally liable, either civilly or criminally, the US government picks a winner.

Leaving that issue aside, does your risk analysis include this consequence when determining what could happen if someone at your company does something inappropriate with a third party’s intellectual property?  Do you have sufficient controls to address this risk?

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Filed under Compliance, Compliance (General), Controls, Governance, Internal controls, Oversight, Risk assessment

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