Adjunct professor publishes book on corporate anti-corruption compliance
Dr. Patrick O’Malley recently published his book, “Directors’ Duties and Corporate Anti-Corruption Compliance: The ‘Good Steward’ in U.S. and U.K. Law and Practice” through Edward Elgar Publishing.
O’Malley is an adjunct fellow at the Pell Center for International Relations and Public Policy and teaches graduate courses in social justice, business ethics and business law at Salve Regina. This is O’Malley’s first book, and it took a number of years to finish, as he had many other academic and professional commitments.
“It really took a bit of will power and support from the family to finally find the time to finish and bring this book over the finish line,” said O’Malley.
O’Malley’s book examines the systemic expectations of executive officers and compliance personnel when dealing with anti-bribery, corporate and securities law guidance.
He explores good governance developments concerning anti-bribery efforts in the U.S. and the U.K., recognizing the expansion of directors’ duties with each new case of corporate malfeasance in both public and private companies.
While writing the book, what shocked O’Malley the most was the domino effect of global corporate and commercial corruption — with bribes often going to politicians, public servants and bureaucrats to win business opportunities. This corruption is directly tied to lack of economic development, poor infrastructure, lack of access to proper healthcare and education, and violence of all kinds.
“The more corrupt a country is regarding business, the more people there suffer and in many cases die,” said O’Malley. “Business leaders have a fundamental role to play in making sure this does not happen…. [They] must have a moral sense and good business ethics in order to prevent or remedy these corruption problems.”
A Milan-based international corporate and securities lawyer, O’Malley is dual qualified as an attorney in the U.S., England and Wales and serves a primarily European client base.
He also provides professional legal training at business organizations in Europe and the U.S., and occasionally in Africa and Central Asia, focusing on issues of international corporate governance, transparency and global efforts to combat corporate corruption and bribery. O’Malley is currently a candidate for a European doctorate in law.
Featured photo by Getty Images/Kritchanut