Welcome to the award-winning FCPA Compliance Report, the longest-running podcast in compliance. In this episode, I am joined by Khayot Salijanov, a Master’s Degree candidate at the University of Pittsburgh. He is originally from Uzbekistan, and we discuss compliance in emerging markets. We discussed the history of compliance and corruption in Uzbekistan and the government’s steps to increase compliance through laws like public procurement and creating an anti-corruption agency. Khayot then provides insight into the two biggest challenges faced in 2020, communication and conducting effective investigations, as well as emphasizing the importance of leadership buy-in. Finally, Khayot suggests that to start a management consulting career; one should focus on creating relationships and ownership, creating value, and gaining leadership buy-in.
Key Highlights
· The History of Compliance In Uzbekistan
· Protecting Yourself When Doing Business in Uzbekistan
· The Importance of Leadership Involvement in Creating a Robust Compliance Program
· Creating Business Value Through Compliance Programs
Notable Quotes
· “And also it has a good program, a good tailored program, including ethics and risk management also sustainable business issues, which I’m interested in because I think sustainable business is part of compliance.”
· “It’s essential to create family-based ownership to achieve success.”
· “The government’s anti-corruption and anti-bribery policy has changed drastically.”
· “Absolutely. Thank you for inviting and having me, Thomas. I have a lot of things to tell our listeners about Uzbekistan, specifically about compliance.”
· “These events mark the beginning of designing and implementing corporate compliance standards in the private sector.”
Resources
Khayot Salijanov on LinkedIn
Tom
