A company that does not back up its words with deeds is doomed to suffer compliance and cultural breakdowns. When a company commits to building a culture of trust and integrity, the company has to keep its word. This is not a hard principle to follow. Yet, we hear all too often about company’s leaders who commit to compliance in words and promises of commitment...
When it comes to corporate compliance programs, change does not occur quickly. CCOs are extremely pleased with their improved delivery of code of conduct training. Across the board, companies are refining their codes of conduct and following up with robust training programs to emphasize the importance of a company’s code of conduct. That is all well and good. But it is really only the beginning...
As the headlines continue to point to major misconduct and scandals involving senior corporate executives, compliance officers need to refocus their efforts and address a critical need. All too often, CCOs have difficulty in requiring board members and senior executives to undergo annual training programs. Board members and senior executives often laugh off such requirements by arguing that they know the code, the policies and...
My good friend and colleague, Tom Fox, has written an interesting post (here) on the SEC’s recent United Airlines settlement for $2.4 million for domestic bribery. As Tom has noted, the interesting aspect of the SEC’s enforcement theory is that United violated its Business Code of Ethics (and Continental’s Code of Ethics, which was in force in 2011 as well), resulting in the failure to...
Tom Fox, Matt Kelly, Jonathan Armstrong and Jay Rose recently recorded Episode 3 of Everything Compliance. Here is a link to the Episode — HERE. In this episode, we discuss a variety of topics including anti-corruption enforcement across the globe, the new French anti-corruption law, Sapin II, the Agricultural Bank of China compliance enforcement action by the state of New York Department of Financial Services;...
How to Embed a Speak Up Culture (Part III): December 13, 2016, 12 PM EST Sign Up Here The Volkov Law Group is pleased to offer a three-part series of free webinars on the essential aspects of a Speak Up culture: a prompt, efficient and fair internal investigation system; effective interview strategies; and the elements of a Speak Up culture in which employees report misconduct,...
Compliance officers have to avoid professional myopia. The focus of compliance these days has been on anti-corruption, antitrust, and AML, depending on your company’s industry. They fit nicely together under an anti-corruption umbrella. But limiting your compliance program to these areas is shortsighted. Other legal and regulatory requirements require careful attention for compliance and can impose harsh penalties for noncompliance – export compliance is a...
Chief compliance officers face imposing tasks on a daily basis. The tasks often look insurmountable and it is easy for CCOs to just turn away and find a more manageable set of tasks. Compliance requires resources and those resources are not limitless. In other words, a CCO has to decide how to allocate limited resources. A CCO has to be an efficiency expert, especially when...
I am pleased to announce the availability of a new ebook, Trump and Compliance, which includes contributions from the podcast crew at Everything Compliance: Tom Fox, Matt Kelly, Jay Rosen, Jonathan Armstrong and myself. Many thanks to Corporate Compliance Insights for making this ebook available. The book is available here.
Interviews and Internal Investigations (Part II): December 6, 2016, 12 PM EST Sign Up Here The Volkov Law Group is pleased to offer a three-part series of free webinars on the essential aspects of a Speak Up culture: a prompt, efficient and fair internal investigation system; effective interview strategies; and the elements of a Speak Up culture in which employees report misconduct, investigations are...
