Over the years, we have become accustomed to an endless list of bribery and corruption scandals related to large corporations in the Information Technology, Pharmaceutical and Oil & Gas industry. Surprisingly, the latest scandal to shock the world did not come from any of those industries.
The world football governing body, FIFA has been embroiled in a major corruption scandal involving its top officials receiving bribes for various activities, including television rights and the Russia and Qatar World Cups’ bidding processes.
In this podcast, Leas Bachatene, CEO of the Ethical Alliance discusses the risks versus rewards of being aligned with a corrupt organisation, the issues on how FIFA handled these allegations of bribery, what they could have done to prevent this and what they should do to rectify the situation. He also discusses how organisations in general can develop an effective compliance programme to ensure that such allegations do not befall them.
Leas Bachatene is a proven business leader with over 15 years of experience, having established and led commercial organisations in Asia, the Middle East and Europe.
Leas joined Complinet Group in 2004, a leading provider of compliance solutions for the financial services industry. He went on to found their operations in both the Middle East and Asia. Within 4 years of inception these operations contributed to over 15% of the group’s revenue.
Under Leas’ leadership, Complinet became the point of reference for the compliance community in the Middle East and Asia. This was achieved through a variety of strategic projects with regional regulators which helped to improve governance and compliance culture and best practices including the GCC Regulators’ Summit and the Pan-Asian Regulatory Summit.
Complinet was acquired by Thomson Reuters in 2010 to form the cornerstone of their Governance, Risk and Compliance business. Following the acquisition Leas served as Managing Director of Thomson Reuters’ GRC division in Asia Pacific where the business saw double digit growth year-on-year during his five-year tenure. During this period Leas spear headed the acquisition of a major e-learning provider and was key to the successful integration of the GRC businesses with the broader Financial and Risk division.
Prior to joining Complinet Leas led various commercial divisions within the publishing industry for Informa Group and eFinancialnews.com in London.
Leas holds a Bachelor Degree in Mechanical Engineering, a High Diploma in Marketing and a Master’s in Neuro-Linguistic Programming.