- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By 
Aaron Nicodemus2023-02-01T19:21:00
Corporate ethics and compliance programs that guide employees to “do the right thing” with a strong corporate culture are more resilient in the face of adversity compared to programs that simply enforce rules, according to the latest survey findings.
In the 2023 edition of LRN’s “Ethics & Compliance Program Effectiveness Report,” released Wednesday, 84 percent of nearly 1,860 ethics and compliance professionals polled reported their organizations relied on values, rather than rules, to motivate their employees to comply with corporate codes of conduct. Respondents to the survey worked at companies and organizations with at least 1,000 employees across 26 industries and in 10 different countries.
The report found most respondents—85 percent—said their company’s ethical culture has been strengthened, not weakened, in facing the myriad challenges of the past 12 months, be it continued response to the Covid-19 pandemic, Russia’s war in Ukraine, supply chain disruptions, and/or other headwinds.
THIS IS MEMBERS-ONLY CONTENT. To continue reading, choose one of the options below.
News and analysis for the well-informed compliance or audit exec. Select an option and click continue.
Annual Membership $499 Value offer
Full price one year membership with auto-renewal.
Membership $599
One-year only, no auto-renewal.
Organizations must move beyond abstract theory and truly measure their compliance culture, a panel of experts discussed during Compliance Week’s 2023 National Conference.
A trio of panelists offered a framework and strategy for embedding ethical culture into organizations at Compliance Week’s 2023 National Conference.
Respondents to a survey from Compliance Week and online compliance training provider Traliant largely described their organization’s code of conduct training as effective, but the opportunity for customized, dynamic courses can take learning to the next level.
Companies spend huge sums on audit, risk management, and compliance to alert them about potential legal issues before they escalate into serious corporate governance failings. There’s only one problem, however–they often misread their own early warning signs or ignore them altogether.
Company training has always been equal parts important and annoying. But a recent inquest found some eLearning courses fail to warn companies when employees struggle through education and testing. For 13-year-old Hannah Jacobs, the consequences ended with her death.
Norfolk Southern Corp., the railroad still cleaning up the environmental and financial damages caused when one of its trains derailed in a small Ohio town, has fired its top executive and chief legal officer after concluding they had an affair that violated company policies.
