It’s All Relative – The Risks of Office Nepotism

Federal authorities recently commenced an investigation targeting a global financial services firm’s alleged practice of hiring the children of powerful Chinese officials, often through a program that used lower hiring standards for those with elite pedigrees, to help the firm win lucrative business in China. The investigation provides an excellent backdrop to discuss the risks associated with nepotism in the workplace.

Nepotism is not generally illegal unless it crosses the line into bribery. In recent years, the SEC and the Justice Department have increased their …

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