All Ethics & Culture articles – Page 56
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e-Book: Cultivating a Culture of Compliance
A strong ethical culture is the foundation of a successful compliance program. It is also among the most difficult program elements to define, establish, and maintain over time.In this e-Book, produced by Compliance Week in cooperation with NAVEX Global, we explore practical steps organizations can take to create and sustain ...
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e-Book: Rooting Out Conflicts of Interest
A conflict-of-interest issue can occur at any time. As regulators turn the heat up on this issue, most companies now have conflict-of-interest policies that oblige the disclosure of conflicts when they arise. But how useful are these policies? And can they be enforced around the globe? This e-Book, produced by ...
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Understanding Business Ethics and Integrity
With the rise of transparency and readily available information, ethics and integrity programs are more important now than ever before. Consumers not only want high quality goods, but they want to have confidence the company they are doing business with is doing the right thing. Over the past decade, particularly ...
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e-Book: Whistleblowing: Another Record-Breaking Year In the Making?
Whistleblowing remains a hotly debated topic, mainly because these informants have the potential to cost a company significant financial and reputational loss. Now the SEC is looking to add more incentives for whistleblowers around the world to come forward and report corporate wrongdoing. Four years ago, when the agency’s Office ...
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Blog
Successor to ECOA Will Launch Certification Effort
More news from the groups formerly known as the Ethics & Compliance Officer Association and the Ethics Resource Center: The two have been subsumed into a new “Ethics & Compliance Initiative,” which has spawned a third wing, the Ethics & Compliance Certification Institute, to certify compliance professionals. More inside.
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Mitigating FCPA Risks in Pharma, Med Device Sectors
Image: SEC Enforcement Director Andrew Ceresney recently dropped new hints on FCPA risks for pharma and medical devices, plus suggestions on how to avoid those risks. “Our FCPA focus obviously covers many industries,” he said. “But the pharma industry is one on which we have been particularly focused in recent ...
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Blog
Hotline Benchmark Report Shows Improvements
A new report from NAVEX Global says the “substantiation rates” for employee hotline calls—that is, the number of complaints found to be worth investigating—more than doubled from 12 percent in 2013 to 27 percent in 2014. “This significant increase may be a sign that ethics and compliance program leaders are ...
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U.K. Financial Regulator Boosting Individual Accountability, Audit Rules
Image: Title: BaileyThe U.K. Prudential Regulation Authority says individual senior managers of financial firms could face sanctions if a breach occurs in their area of responsibility and it’s proven the manager took no reasonable steps to avoid it. “Our new accountability regime will hold all senior managers, including non-executive directors, ...
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Kaiser Permanente’s Approach to Case Management
Effective case management is crucial to a compliance program, but developing a process—flexible enough to juggle different types of issues, systematic enough to resolve cases in a timely manner—is the tricky part. This week in a guest column, Marita Janiga, director of the National Special Investigations Unit and the Compliance ...
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Dealing With Corruption in Public Procurement
The European Commission estimates that roughly €120 billion is lost annually to public procurement corruption. While the competition for government contracts continues to intensify, there are more opportunities for companies and potential clients to engage in unethical business practices, which can result in serious penalties and reputational damage. Here are ...
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Paths to Globalizing Your Code of Conduct
Image: A thoughtful and well-drafted Code of Conduct is the cornerstone of any strong corporate compliance program. Making that cornerstone strong enough to support a compliance program worldwide, spanning all manner of cultures—that’s the tricky part. “We’re constantly trying to figure out better ways to deliver our message while keeping ...
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OECD Updates Views on Governance
The OECD has received an earful about proposed revisions to its principles of corporate governance, guidelines it encourages countries to adopt much the way they already follow its principles for anti-corruption. Some say the revisions dwell too much on company-level reforms, and not enough at the country-level to allow flexible ...
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Podcast: The Right Approach to Compliance Oversight
Establishing the right oversight structure is “one of the biggest issues currently facing the compliance profession,” says Kathleen Edmond, a partner at the law firm Robins Kaplan and former chief ethics officer at Best Buy. In our latest podcast we talk to Edmond about the debate over the best approach ...
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More Misconduct Tales to Tell Your Company
Image: As we move into 2015 and the good economic times that seem to be carrying the United States along, it’s time for a refresher course in Why Ethics & Compliance Matter. We have two new examples of misconduct—one from Brazil, the other from New York—that can go straight into ...
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Responding to Controversy, American Apparel Revisits Code of Conduct
It may not mention ousted CEO Dov Charney by name, but American Apparel's new Code of Conduct may give companies ideas for how to toughen up their sexual harassment policies. The new document, four times longer than the one it replaces, expands upon expectations for employee conduct, requires supervisors to ...
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JP Morgan Outlines Compliance Overhaul
JP Morgan, the Wall Street bank that has racked up more than $23 billion in regulatory fines since the financial crisis, has released a 100-page report detailing its efforts to improve compliance, culture, and internal controls. The report, “How We Do Business,” was in response to pressure from shareholder activists ...
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Top 10 Ethics & Compliance Recommendations for 2015
What should you be tracking with regard to ethics and compliance this year? Is your program prepared? We asked industry experts, colleagues and ethics and compliance officers what they see as the top issues pertaining to ethics and compliance in 2015. We’ve gathered their best thinking and prepared a summary ...
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SEC Whistleblower Program’s Latest Threat: Its Success
Corporate compliance officers may have a new reason to be uncomfortable with the Securities and Exchange Commission’s whistleblower program: how well it appears to be working. Tips are flooding into the SEC, including 3,620 in fiscal year 2014 alone. “The SEC has institutionally embraced the whistleblower statute,” says Brian Kenney, ...
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Making Codes of Conduct More Usable and Engaging
Image: Title: BanksMany companies are looking to breathe more life into their staid and dusty codes of conduct. They’re cutting out the legal language and paying more attention to design and usability. Some leading companies are putting them online with multi-media aspects, including videos. “You want to present information so ...
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Wanted: Compliance Officers With Leadership, Communication Skills
Image: Chief compliance officers are still in high demand, but the skills that companies are looking for in top candidates are changing. Companies are seeking compliance leaders who have the ability to influence others, communicate effectively, and build relationships with a wide range of internal and external stakeholders, including regulators. ...