Minimizing Risk and Maintaining Ethics in Asia?Pacific

Successfully conducting business in Asia-Pacific requires taking into account certain risks that are more prevalent there than in North America or Western Europe. Common risks include: governance, especially of joint ventures; business operations, including supplier conduct; and employee conduct, especially as it relates to theft, fraud, and bribery. Companies looking to do business in Asia-Pacific must devote significant time to due diligence and identifying their own role in the governance structure. They also need to identify risk factors in supplier relations, do internal and external audits, inspection, and testing, while keeping tabs on lavish gift-giving.