Corporate boards all want to believe that their companies maintain an ethical culture. Each board members knows the right words, platitudes and buzz words to use. No one can fault them there. But like every issue in life, when push comes to shove, what actual commitment of time and effort do board members actually devote to the specific issue? And if they do commit to...
Assent Compliance is proud to introduce Supply Chain Insight. This two-day conference inspires supply chain and compliance professionals from around the world through education and networking. Subject matter experts and thought leaders in product compliance, corporate social responsibility and vendor management will share insights to drive innovation and efficiency in your supply chain programs. Join me at the Supply Chain Insight conference this November as...
I always loved Tarzan movies, especially the movies starring Johnny Weissmuller as Tarzan. (Here is a sample). Tarzan always had a nice house, a great tree house with vines swings for diving and jumping into the water. In the 1990s, Bill Gates of Microsoft fame correctly predicted that computing power and capabilities would eventually move from the desktop to the Internet. In essence, Gates was...
I guarantee you if you ask your corporate board to define “ethical culture” and “compliance,” and their actual day-to-day responsibilities in this area, you will quickly realize most board members have no clue. This is not a controversial statement because corporate board members, for the most part, are clinging to old ways when it comes to board responsibilities – focus on the financials, monitor your...
It is curious that physical courage should be so common in the world and moral courage so rare. Mark Twain Frankly, I have to admit my reaction to the recent Business Roundtable’s issuance of a new Statement on the Purpose of a Corporation, which was signed by 181 CEOs who committed to lead their companies for the benefit of all stakeholders – customers, employees, suppliers,...
Corporate boards all want to believe that their companies maintain an ethical culture. Each board members knows the right words, platitudes and buzz words to use. No one can fault them there. But like every issue in life, when push comes to shove, what actual commitment of time and effort do board members actually devote to the specific issue? And if they do commit to...
Assent Compliance is proud to introduce Supply Chain Insight. This two-day conference inspires supply chain and compliance professionals from around the world through education and networking. Subject matter experts and thought leaders in product compliance, corporate social responsibility and vendor management will share insights to drive innovation and efficiency in your supply chain programs. Join me at the Supply Chain Insight conference this November as...
I always loved Tarzan movies, especially the movies starring Johnny Weissmuller as Tarzan. (Here is a sample). Tarzan always had a nice house, a great tree house with vines swings for diving and jumping into the water. In the 1990s, Bill Gates of Microsoft fame correctly predicted that computing power and capabilities would eventually move from the desktop to the Internet. In essence, Gates was...
I guarantee you if you ask your corporate board to define “ethical culture” and “compliance,” and their actual day-to-day responsibilities in this area, you will quickly realize most board members have no clue. This is not a controversial statement because corporate board members, for the most part, are clinging to old ways when it comes to board responsibilities – focus on the financials, monitor your...
It is curious that physical courage should be so common in the world and moral courage so rare. Mark Twain Frankly, I have to admit my reaction to the recent Business Roundtable’s issuance of a new Statement on the Purpose of a Corporation, which was signed by 181 CEOs who committed to lead their companies for the benefit of all stakeholders – customers, employees, suppliers,...
Capital One suffered a serious data breach as a result of the actions of one individual who downloaded nearly 30 GB of 100 million Capital One Financial Corporation credit applications from an Amazon cloud data server. The Capital One data breach underscores the risk of cyber breaches caused by a single bad actor who gained unauthorized access through Amazon’s could data server. This unfortunate data breach demonstrates...
From Vaudeville to the Silver Screen to the Small Screen, the Marx Brothers made an impact wherever people found them. Tom Fox and Mike Volkov have wedded their love of the Marx Brothers with their passion for compliance and bring them into the boardroom to help explain and explore the sometimes chaotic world of governance, risk-management, ethics and compliance. In this episode they discuss the...
We all know that businesses rely on a large number of third-party vendors to support their business operations. Many of these third parties require access to a company’s data and its internal information and technology systems. This digital fact of life creates a real cyber risk for illegal intrusions. Over half of all cyber-attacks are the direct or indirect result of third party access. Third-party...
Deepak Chopra, one of my favorite “thinkers” (if that is a word) reminds us that there is no such thing as a coincidence – there is what he terms a “synchronicity of the universe.” (See here and here for some additional explanation). Not to say, I told you so, but around the same time that the Capital One data breach occurred, I was reminding clients...
In this episode, Michael Volkov provides an update on FCPA issues, including: (1) Juniper Networks’ FCPA settlement with the SEC for $11.7 million for conduct in Russia and China: (2) Deutsche Bank’s FCPA settlement with the SEC for $16 million for hiring of relatives of foreign officials in China and Russia; and (3) the Second Circuit Court of Appeals decision affirming the conviction and sentence...
