Transatlantic Trends
What advice did Whyte have for our members?
- Be informed. Even when it seems like there is too much information to keep up with. Leverage your network of colleagues, consultants, trade associations, media contacts, think tanks and other intelligence sources who can help you keep track of the issues that matter to your company.
- Be online. Social media platforms have taken public affairs engagement to a new, and constantly changing, level.
- Be ready. Engage on the issues that matter to you, whether online, through direct advocacy, or coalition-building.
- Be inclusive. Incorporate a variety of viewpoints in your network to have a comprehensive view of what’s going on with policymakers, constituents, business interests and issue-focused organizations.
Foreign Agents Registration Act: An Update
The Foreign Corrupt Practices Act, or FCPA, is enforced by both the Securities and Exchange Commission (SEC) and the U.S. Department of Justice. The law forbids individuals and corporations from offering services, gifts or funds to foreign officials for the purpose of obtaining or retaining business. It also requires corporations to maintain transparent receipts of various business transactions as proof of sound commercial dealings with governments. While the SEC largely targets corporations in their investigations of FCPA violations, the Department of Justice fines both companies and individuals.
Global Strategic Thinking
Know your issues. You should also approach the strategic planning process by asking where your risks and opportunities lie. Identify market risks in advance, and develop risk mitigation strategies that will be useful if the identified risks ever materialize. Your staff needs to have the training to recognize threats and opportunities as they emerge, and deal with them in a timely manner.
Know your steps. Your public affairs activities should be a mix of planned engagement and reactive steps. Planned elements include policy processes and positions, stakeholder relations management, team structure, cross-regional learnings, subject-matter expertise and country-relevant objectives. Reactive elements that can’t be forced or planned include reputation management, responding to unexpected threats and relationship development.
Be consistent, but leave room for flexibility. Consistency is essential for an effective public affairs plan. However, while focus should be maintained on consistent company messaging on public policy positions, you also need to be flexible in adjusting this message based on the political, economic and social developments that affect your company. The global environment changes quickly, and companies are learning more and more that they need to be able to adjust accordingly.
Bottom line: think strategically. While strategic planning looks different for every company, best practices remain the same across the board. Evaluate the goals of your stakeholders and align your activities with theirs. Part of strategic thinking is knowing that every plan has its limitations. A well-thought out strategy that remains malleable when organizational focus changes should be the backbone of every public affairs function.
Want more advice and insights on strategic planning for global public affairs? Join the Council’s workshop on Strategic Planning for Global Advocacy on October 25. Register here.[/vc_toggle][vc_btn title=”Register for Strategic Planning for Global Advocacy” color=”juicy-pink” align=”center” link=”url:https%3A%2F%2Fpac.org%2Fevent%2Fintl%2Fstrategicglobaladvocacy||target:%20_blank|”][vc_separator css=”.vc_custom_1538070251021{margin-bottom: -50px !important;}”]
Upcoming Executive Education Programs
October 1-3, 2018
After last year’s success, we’re bringing the Study Tour back for a second round. Join us to enhance your understanding of public affairs from a Washington, D.C. perspective through visits with corporate members, trade associations, media outlets, Capitol Hill staffers, consultants, multilaterals, embassies, and more.
Workshop: Strategic Planning for Global Advocacy
October 25, 2018
How should global advocacy campaigns be incorporated into your organization’s strategic planning process? This workshop will focus on the basics of creating an international public affairs plan, defining a global advocacy strategy and implementing effective campaigns in non-U.S. markets. Participants will discuss several case studies to identify key tactics of effective campaigns.
Webinar: Public Affairs in Latin America
October 30, 2018
Join regional experts for a discussion of industry must-knows in the region, including political and economic trends affecting multinationals operating in Latin America, best practices for tracking regulatory change, and case studies of successful regional public affairs campaigns.
Workshop: ROI of Global Public Affairs
November 14, 2018
Reporting on global public affairs initiatives is becoming more in-demand from senior leadership. It’s also one of the toughest internal challenges for many industry practitioners. Join the Council for a two-hour workshop that will discuss measurement and value case studies, as well as how public affairs can be better understood as a function across the business.
Regional and Policy Updates
Want more on trade? This piece examines how NAFTA has changed the way we eat.