When a company is ensnared in a corruption investigation, doing business as usual is almost impossible. But that doesn’t mean it can’t move forward with important transactions, if it carefully manages the risks.

Shearman & Sterling has published a 34-page white paper describing the steps a company needs to take to handle the risks, especially when a scandal expands such as the Odebrecht bribery case in Brazil that has embroiled companies, their executives and politicians in at least 12 countries and has resulted in a $2.6 billion fine.

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