Beer Maker Toasts Emerging Markets Success

(Toronto Star, 16 February 2012)

In Brief: Dutch brewer Heineken recorded beer volume increases of more than 6% in Asia Pacific, Africa and the Middle East, and Eastern Europe in 2011. “We will…invest in emerging markets to maintain our growth momentum,” says Chairman and Chief Executive Officer Jean-Francois van Boxmeer.

Our View: Leading compliance functions identify and evaluate local compliance and ethics risks during the entry into emerging markets, establish clear policies and procedures for each stage of an acquisition/partnership to ensure rigorous due diligence, provide the board with holistic information on legal and compliance risks associated with each decision, and tailor compliance training based on the local ethics culture and global requirements.