USRBC Announces Support for Risk Compliance Initiative in Russia

The U.S.-Russia Business Council (USRBC) today announced a partnership with the Russian Compliance Alliance (RCA), a newly-launched initiative in Russia that provides global corporations and their local partners a framework to combat supply chain risk.

The U.S.-Russia Business Council (USRBC) today announced a partnership with the Russian Compliance Alliance (RCA), a newly-launched initiative in Russia that provides global corporations and their local partners a framework to combat supply chain risk. Using a combination of self-evaluations and independent audits, and supported by training and research to evaluate effectiveness, the RCA program will utilize standards developed by private-sector industry experts, and involve voluntary compliance by vendors as well as voluntary enforcement by multinationals. It is based on the ISO Quality Management model. USRBC will lend support for the RCA`s private sector, voluntary enforcement system through educational and promotional efforts with its member companies. The goal of RCA`s central audit process of local vendors is to offer global companies operating in Russia an independent «seal of approval» for extensive vendor networks. «Given the compliance requirements associated with amendments to Russia`s Anti-Corruption Law (Article 13...