- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By 
Aly McDevitt2023-05-08T16:00:00
Editor’s note: Compliance Week’s four-part case study, “Reaching into the value chain: How Flex helps drive sustainability beyond its walls,” is available exclusively to CW members.
The year Revathi Advaithi came on board as chief executive officer of Flex—2019—proved to be a hinge point for the global manufacturer.
Her arrival, along with rising global awareness of the urgency of climate action, accelerated the company’s momentum toward increasingly ambitious environmental, social, and governance (ESG) targets. It became the year designated as ground zero for future sustainability initiatives. Between now and 2030, Flex’s environmental impact metrics are measured against 2019’s base-year data.
By all accounts, Advaithi and her executive team inspired a cultural transformation in the company. Flex’s Chief Ethics and Compliance Officer Andy Powell confessed prior to Advaithi’s arrival the company’s culture needed a turnaround.
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Eight business executives, including the billionaire owner of Indian energy company Adani Group, were charged with fraud for their alleged roles in a multi-million bribery scheme to win a solar energy contract in India.
Dr. Mehmet Oz, President-elect Donald Trump’s pick to lead the Centers for Medicare and Medicaid Services, has a mandate from Trump to “take on the illness industrial complex” and to cut costs.
Three months after a U.S. district judge declared Google to be running a monopoly, the Department of Justice recommended the tech giant be forced to sell off its popular Chrome browser as part of an effort to resolve antitrust concerns and reshape the power of tech’s biggest companies.
Both JPMorgan Chase and Deutsche Bank retained their respective Jeffrey Epstein relationships for too long. Yet, there is a case to be made for why exiting a high-risk relationship too soon can become an inverse form of recklessness.
Why did JPMorgan Chase retain Jeffrey Epstein for more than a dozen years? How did the relationship persist despite glaring red flags? The “why” is straightforward; the “how” is more complicated.
Jeffrey Epstein’s designation as a high-risk client should have subjected him to enhanced due diligence that never appeared to occur, most notably at Deutsche Bank. Instead, Epstein was allowed to continue his misconduct despite numerous red flags.
