Featured Articles:

Podcast Episode 2 — Ethics and Profits

With the increased focus on corporate culture, chief compliance officers have to educate the board and senior management on the inextricable link between an ethical culture and financial profitability. In this episode of Corruption, Crime & Compliance, Michael Volkov outlines the link between ethical culture and sustainable growth.  During the episode, Michael refers to two studies on the subject.  The studies are noted below with...

Michael Volkov Interview with BvD’s Alistair King

I had the good fortune to spend time recently with Bureau van Dijk’s Alistair King for an interview. BvD recently posted the interview Here. BvD is a sponsor of this blog and a terrific compliance partner I have been impressed with BvD’s product offering – key tools in your third-party screening process that offer difficult to find information. BvD specializes in information on private companies,...

CCOs and the C-Suite

Let’s start out with something ironic – the C-Suite typically resists the need for ethics and compliance training, as well as other compliance controls, claiming that they know everything about ethics and compliance. Unfortunately, when a member or members of the C-Suite commit misconduct, the consequences can be devastating for the company. We all know high-profile instances of C-Suite misconduct involving bribery, fraud, and theft....

Slippery Slopes: “Broken Windows” and Employee Misconduct

Criminologists have debated for years the efficacy of the law enforcement strategy of “broken windows.” In simple terms, the theory suggests that minor infractions or petty crimes should be vigorously prosecuted in order to deter more serious crime. In addition, the theory suggests that a deteriorating environment (e.g. where broken windows are not repaired and allowed to increase), creates an environment where serious misconduct is...

The Emperor Has No [Compliance Program]

At the outset, I have to apologize for the title but during my morning bike ride I usually come up with blog posting titles. But moving past the trite title, I have a point to make. It starts with a hypothetical – a CEO is supposed to introduce a company’s new code of conduct at a company event. Everyone attends – in person or virtually...

New Podcast: Corruption, Crime and Compliance — Episode 1, A Review of Trump Administration Enforcement Priorities

I am pleased to announce the new Corruption, Crime & Compliance Podcast.  Episode 1 is, A Review of Trump Administration Enforcement Priorities. When the Trump Administration came into power, many commentators predicated that the Justice Department might significantly change enforcement priorities, especially FCPA enforcement.  As discussed in the podcast, the Justice Department’s strategies are not so clear at this point, but some trends can be...

Live Webinar: How AI is Transforming Third Party Risk Management (via Live Stream)

Date: Wednesday, September 13, 2017 Time: 12–1pm ET; 5-6pm British Summer Time Registration Link I am excited to announce that I will be joining Exiger to discuss a topic many compliance professionals are actively engaged with – automating third party due diligence – and how advancements in technologies such as artificial intelligence (AI) can help your compliance program evolve. I encourage you to tune in and...

The Objective of Due Diligence: To Protect Your Culture

There has been so much attention paid to due diligence. We have reams and reams of articles highlighting the importance of due diligence. In addition, numerous vendors of due diligence services and technologies fill the marketplace with whitepapers, articles and information underscoring the importance of due diligence and advising on how to conduct effective due diligence. There is nothing wrong with the attention paid to...

Tales from the Corporate Scandal Crypt: GM, VimpelCom, VW and Wells Fargo

We are fascinated by corporate scandals. Since the 1980s, the US public has enjoyed unraveling corporate scandals, and vilifying corporate leaders caught in the web of deceit and misconduct. I am sure there are historical trends and themes for US public reaction to corporate scandals and the political response to the scandal of the day. The US public is rightfully outraged over the Justice Department’s...

Webinar: How to Conduct Effective and Efficient Due Diligence?

Webinar: How to Conduct Effective and Efficient Due Diligence? Tuesday, September 19, 2017, 12 Noon EST Sign Up Here Companies have spent time and resources to design and implement critical due diligence systems. In doing so, companies have to ensure that their program operates efficiently, meaning that the due diligence program does not “boil the ocean” when collecting and analyzing information. It is imperative that...