Category: General

Corruption, Crime & Compliance Podcast – Now on Spotify!

As we continue our efforts to improve and grow our podcast, we have recently connected the Corruption, Crime & Compliance podcast feed to Spotify! You’ll now be able to listen to all of the latest episodes right from the Spotify app. Please click here to access our Spotify page. Be sure to listen to our latest episode on how to implement an effective and reliable...

A Basic Compliance Requirement: A Contract Management System

Assume you are under the influence of a truth serum; does you company have a contract management system? Some will say yes; I suspect most will say no.  My question is why not? Lawyers love contracts.  Most business people see the value of a contract and will comply with a requirement that a deal will require a contract in order to move forward.  But there...

CEO Falls to SEC FCPA Settlement

Companies have definitely matured in the development and implementation of their ethics and compliance programs.  Whether the pace has been rapid enough or is too slow, that is a debatable issue.  A good litmus test for a mature ethics and compliance program is whether the company assesses and mitigates its C-Suite risks. Over and over again, companies fall under government scrutiny because of misconduct in...

Developing an Employee Handbook that Helps Protect Your Business from Lawsuits

Karin Sweigart, a Senior Associate at The Volkov Law Group, rejoins us for another posting on employment compliance and litigation risks.  Karin can be contacted at ksweigart@volkovlaw.com. There are many reasons to have an employee manual or handbook can be good for your business. Employee manuals help set expectations, provide guidance on how to handle conflicts, and, when drafted and implemented correctly, can protect your...

What Happens When a CFO Fails to Listen to the CCO?

Chief financial officers are powerful players in the corporate governance landscape.  CFOs play a critical role in the management and oversight of the company’s internal accounting controls.  Sarbanes-Oxley lifted the importance of CFOs and internal auditors as important gatekeepers.  With that important role, CFOs and corporate leaders have to certify as to the accuracy of the company’s financial reports, subject to potential criminal consequences. CFOs...

Petrobas Closes Out “Massive” Corruption Investigations and Litigation

When it comes to a poster-child for corrupt organizations, there is very little competition that can eclipse Petrobas, the Brazilian state-owned oil and gas company.  Petrobas has long suffered under a stigma of corruption, and as outlined in its recent settlement actions, the title was well deserved. Petrobas’ corruption was firmly coordinated and entrenched with Brazil’s political corruption.  The pervasive nature of Brazil’s political and...

Stryker Suffers “Strike Two” and Settles SEC FCPA Case

Stryker Corporation has suffered a second FCPA enforcement action, and will now bear the stigma of FCPA “recidivist.”  In reaching a settlement with the SEC and agreeing to pay a $7.8 million civil penalty, Stryker will now be subject to an SEC-imposed compliance monitor.  (Here). Stryker’s recent set of violations surrounded books and records violations and deficient accounting and compliance controls in India, China and...

Maintaining Your Company’s Compliance Program in the Rapid Policy World of Change by Tweet

Traditionally, businesses were able to prepare for changes in laws and regulations in advance by monitoring legislative and regulatory actions in Washington, D.C. and relevant state capitols.  Agencies would initiate rulemakings and give notice to interested parties of new or changed rules. Congress would consider legislation and it would be subject to some kind of “regular order” or process.   In the “good old days,” businesses...

Compliance and Recruiting Women in the Workforce

Karin Sweigart, a senior associate from The Volkov Law Group, joins us for a posting on compliance and recruiting women.  Karin’s profile is located here.  She can be reached at ksweigart@volkovlaw.com. With unemployment near record lows (3.9% according to the Bureau of Labor Statistics) more businesses are struggling to recruit the talent they need in the  market. HR professionals know they need to be more...