Baruch College Zicklin School of Business logo Zicklin Logo
Personal tools
ZSB Home » Academic Centers » Zicklin Center for Corporate Integrity » Events » The Impact of a Foreign Corrupt Practices Act Investigation on a Company's Reputation

The Impact of a Foreign Corrupt Practices Act Investigation on a Company's Reputation

Join RZCCI as we host a panel of distinguished academic researchers who will discuss the impact of a Foreign Corrupt Practices Act (FCPA) investigation on a company's reputation. Lunch will be served prior to the presentation. This program is part of Baruch College's Ethics Week 2013.
When  Mar 19, 2013
from 12:45 PM to 02:30 PM
Where  55 Lexington Ave (enter on 24th or 25th street) Room 14-220
Contact Name 
Contact Phone  646-312-3231
Add event to calendar  vCal

Program Video

Click here to access a video recording of the program.


Click here to access the speakers' slideshow presentation.

Newman Library Reference Guide

Click here to access the reference guide.

About the Program

The Foreign Corrupt Practices Act (FCPA), which was passed by the U.S. Congress in 1977, criminalizes the bribery of foreign government officials for business purposes. The U.S. Department of Justice (DOJ) and the Securities and Exchange Commission (SEC), along with their counterparts in OECD countries, have been aggressive in prosecuting bribery cases over the past few years. Recent investigations have included Walmart and News Corp. Government regulators, corporations, legal counsel, and academics continue to address issues related to FCPA investigations.

On the academic front, Professors Naomi Gardberg (Baruch College), Noushi Rahman (Pace University), and Vijay Sampath (John Jay College of Criminal Justice) have been involved in a long-term project examining several antecedents and consequences of an investigation for violating the FCPA. The team researched the entire population of domestic and foreign public firms since 1977 in three related studies.  Study 1 examines how much of the stigma of an investigation is carried by the firm rather than the host country, involved executives or board members, etc.  It is an event study.  The findings suggest on average how much a company’s stock price recovers if it terminates involved executives or board members, for example.  Study 2 examines the buffering effect of prior reputation on the market reaction to an FCPA investigation as well as the subsequent effect to reputation and stock price recovery.  In Study 3, the authors examine the level of sanctions and penalties as a result of the investigation.  The also look at rehab and reintegration.

This program is part of Baruch College's Ethics Week 2013.

About the Panelists

Jamal Ahmad is a senior director in FTI's Forensic and Litigation Consulting practice and is based in New York. Mr. Ahmad has over 13 years of combined forensic accounting and litigation consulting experience at Big Four accounting and other consulting firms where he has assisted leading law firms and corporations in multi-jurisdictional investigations and compliance monitoring involving allegations of bribery and corruption. Mr. Ahmad is a CPA, Certified Fraud Examiner and Certified in Financial Forensics. In addition, he holds a J.D. and is licensed to practice law in New York and California.

Naomi Gardberg serves as Associate Professor of Management at the Zicklin School of Business, Baruch College. Dr. Gardberg received her PhD in Management and International Business from New York University’s Stern School of Business. Her research interests include non-market competition, intangible assets and firm performance, global reputation, stigma and competitiveness, global competition and cooperation. She has published in the top academic journals and won numerous awards during the course of her career.

Noushi Rahman serves as Professor of Management at the Lubin School of Business, Pace University. Dr. Rahman received his PhD in Business (Strategic Management) from Baruch College’s Zicklin School of Business. An expert in business policy and strategy and social issues in management, Dr. Rahman has published over twenty articles in scholarly outlets and has been a routine presenter in the Annual Meetings of the Academy of Management.

Vijay Sampath has accepted a position as Assistant Professor of Accounting at the John Jay College of Criminal Justice of the City University of New York. Currently, he is an adjunct professor of accounting at the Harvard Extension School and Pace University. He has also held senior executive positions in industry and public accounting firms. Professor Sampath’s research focuses on organizational misconduct and corporate corruption. He received his MBA from Rutgers University; he is a CPA (Certified Public Accountant) and CFE (Certified Fraud Examiner). He is in the process of completing his Doctor of Professional Studies in Management and International Business from Pace University.


12:00 pm - Registration and lunch
12:45 pm - Presentation


Complimentary pre-registration is required to attend this program. Register online, by phone or e-mail:

  1. Complete the online registration form
  2. Call us at 646-312-3231
  3. E-mail us at

Registration / More information about this event…

cuny Logo cuny Logo
Baruch College/CUNY | Zicklin School Of Business | 646-312-1000 | Copyright © 2014
One Bernard Baruch Way, New York, NY 10010 ( 55 Lexington Avenue at East 24th Street, NYC )

FAQ | News | Events Listing | About This Website | Text Only