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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Neil Hodge2024-07-12T10:49:00
It’s been a trying time for staff at firms with redundancies, affecting morale as layoffs mount amid an effort to silence dissent in the ranks for those departing.
Last month, the Financial Times reported that PwC had launched a round of “silent layoffs” in the U.K. Affected staff had to stick to a “suggested wording” if they wanted to send colleagues goodbye messages, while any mention of why they were actually leaving needed to be strictly omitted.
Staff who were offered a package to leave were notified individually and informed they must not tell other staff if they accepted the offer, according to the FT. Additionally, FT reported they were told to follow a script provided by human resources extolling the benefits of working at the firm and the opportunities ahead if they wanted to send goodbye notes to colleagues.
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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.
2023-06-02T17:46:00Z By Jeff Dale
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A trio of panelists offered a framework and strategy for embedding ethical culture into organizations at Compliance Week’s 2023 National Conference.
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As businesses begin to reopen, many companies are reassessing the furlough decisions they made in March. If you manage such employees, you would be wise to heed this advice.
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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.
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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.
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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.
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