Thought of the day: Cost of compliance is relative

As former U.S. Deputy Attorney General Paul McNulty has been quoted as saying at a 2009 FCPA conference:

“If you think compliance is expensive, try non-compliance.”

(Note: Mr. McNulty is not the first to use the juxtaposition of costs in this manner.  That honour goes to Derek Bok, also a lawyer and the 25th President of Harvard University, who is quoted as having coined the phrase: “If you think education is expensive, try ignorance.“)

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