Every company has its share of internal politics, rivalries and tensions.  No organization is free from internal strife.  For a company to be successful, you need talented, ambitious and intelligent people. It is hard for a company to avoid internal struggles, turf wars and competition among rivals.  It is part of the healthy energy which drives a company forward.  Occasionally, internal jockeying can be damaging...

Timing is everything.  Woody Allen said it best – 80 percent of life is just showing up.  Unless you are the Chamber of Commerce.  Talk about bad timing and sour grapes. The Chamber just does not get the message.  After the Justice Department and the SEC issued its FCPA Resource Guide, the Chamber is still not satisfied.  Whatever you may say about the FCPA Resource...

In this era of whistleblower risk, companies need to prepare for whistleblower complaints which are made outside the company.  Whistleblowers are not required to report complaints internally nor wait for any specific period of time to benefit under the SEC whistleblower program. Instead, whistleblowers have an incentive to wait for 120 days before contacting the government.  Under the SEC’s whistleblower regulations, a whistleblower is entitled...

The new “hot” term among cutting edge lawyers is “cloud data” compliance.  As always, experts often confuse an issue in an attempt to make it impenetrable to clients.  It is a sophisticated marketing ploy used by the legal profession (and I apologize in advance on behalf of lawyers everywhere). While I have little technical expertise (and instead rely on so-called “IT experts”), I have a...

The CFPB is the new regulator on the block.  Republicans in Congress continue to try to strangle the CFPB from exercising its legal authorities.   The re-election of President Obama ensured that the CFPB will continue to enforce federal consumer protection laws. In its first eighteen months, the CFPB has been active, asserting jurisdiction and launching investigations against large banks, student loan companies, mortgage servicing, debt collectors, money transmitters, debt...

It has been ten years since Sarbanes-Oxley was enacted.  No one can argue that Sarbanes-Oxley eliminated the problem of corporate malfeasance. Maybe Sarbanes-Oxley did not address the real problem.  Corporate scandals occur when corporate governance fails to properly supervise corporate operations.  Senior management may try to keep corporate boards in the dark but that can only occur when a corporate board is not following basic governance principles. For...

No one will ever call the last twenty years of television the “golden age of television.”  I have always turned off “reality” television for one reason – it is boring.  For some reason, American television viewers have become less interested in entertainment and more interested in watching so-called “reality” shows which are far from realistic and have no lasting artistic value. While “reality” does not...

The FCPA Guidance contains many important compliance reminders which should be incorporated into every anti-corruption compliance program.  Perhaps the most important observation included in the FCPA Guidance was the statement that: DOJ and SEC have often encountered companies with compliance programs that are strong on paper but that nevertheless have significant FCPA violations because management has failed to effectively implement the program even in the...

We can all agree on one thing – Lance Armstrong is a disgrace.  I have never seen a more pathetic performance of contrition, riddled with lies, and confirmation of a true sociopath. His public relations strategy was a disaster.  It is hard to know who to blame but perhaps it was an impossible assignment.  There was no way to take a sociopath and make him...