The Myths Surrounding Ethics and Compliance Programs

You may also like...

4 Responses

  1. Frank Numann says:

    Michael,

    Always good to read your blogs. Thank you for continuing that effort.

    When you write in this article ‘They must move beyond the narrow scope of code of conduct and legal compliance, and offer a broader view of the company’s most valuable intangible asset – its reputation for trust and integrity with its key stakeholders’ you put your finger on the it! That’ what Ethics is all about, namely ‘doing the right thing’ and not just the ‘legally allowed thing’. Examples are easy to find: the Panama papers showed us examples and the Prime Minister in Iceland lost his job and in the UK Cameron had to try to explain why his father’ offshoring (which he inherited and maintained) was ok. The tax issues that Google, Facebook and Apple have in Europe and elsewhere outside the USA, show that the public is fed up with legally acceptable but socially unacceptable behaviour. Compliance Officers should be Ethics and Compliance Officer to make that clear distinction with the legal organisation that the General Counsel overseas.
    Frankly, I am less concerned than you and others where the CCO reports organisationally, provided the CCO has unfettered access to a Board Committee made up of Independent Directors. They should appoint, appraise and Fire the CCO, thereby ensuring the independence necessary. I have seen it work adequately and would recommend companies that are serious about Ethics and Compliance to do the same

  1. November 23, 2016

    […] Read Full Article: The Myths Surrounding Ethics and Compliance Programs – Corruption, Crime & Compliance […]

  2. November 23, 2016

    […] Read Full Article: The Myths Surrounding Ethics and Compliance Programs – Corruption, Crime & Compliance […]

  3. November 23, 2016

    […] Read Full Article: The Myths Surrounding Ethics and Compliance Programs – Corruption, Crime & Compliance […]