Creating a Culture of Ethics and Compliance November 5, 2013 12 Noon – 1 PM EST Register: Here An effective compliance program requires a culture of ethics and compliance, including “tone-at-the-top.” A company’s culture is not easy to measure. Nonetheless, there are practical steps which can be implemented to collect and assess information about a company’s culture, including surveys, focus groups, and other procedures. Join...

Chief Compliance Officers have plenty of issues to focus on when it comes to anti-corruption compliance.  If you rank the risks, facilitation payments are not at the top of the list, especially if you have sales staff and third-party agents who regularly interact with foreign officials for business.  Even gifts, meals, entertainment and travel eclipses facilitation payments on the compliance radar screen. Part of the...

After the Department of Justice announced its declination of the Morgan Stanley case, the FCPA Paparazzi littered the Internet with recommendations of steps to take modeled on Morgan Stanley’s compliance program.  Companies embraced these principles and emulated Morgan Stanley’s compliance program.  Everyone wanted to have a “Morgan Stanley” compliance program. I do not mean to burst the FCPA Paparazzi’s balloons but the facts of Morgan...

Forgive me for this column in advance but I had to chuckle a little bit when I read that JP Morgan was creating global compliance SWAT teams who, on a moment’s notice, would travel around the globe to respond to compliance emergencies.  I know I have written on behalf of Chief Compliance Officers and the important role they play in every company, but I was...

Compliance cynics have sometimes commented that when a company gets into trouble because of misconduct by the Board of Directors or C-Suite officials that the company’s response is to increase training of mid and lower level managers and employees. It is a cynical comment but there is some truth underlying the suggestion.  Compliance programs are designed, implemented and monitored under the supervision of the Board...

The advent of the Internet is not all positive – criminals like to use the Internet and they are very good at doing so.  The same might be said for Bitcoin, the new raging virtual currency. Bitcoin is on the government’s radar screen from both a regulatory and an enforcement perspective.  Eventually, Bitcoin will be regulated.  In the meantime, however, the trade press is definitely...

Successful people know that the secret to effective communication is listening.  Speaking is only half of the equation. We have all had dealings with people who do not know how to listen.  In fact, I would guess most of us have experienced interacting with people whose personal agendas leave little time or inclination for listening.  When a person is described as “engaging,” nine times out...

On May 2, 2013, I participated in a RAND Corporation symposium along with several distinguished participants concerning corporate culture and compliance in the C-Suite. The conference proceedings have been reported in Culture, Compliance and the C-Suite which can be downloaded or purchased here. The RAND Corporation symposium stimulated a broad conversation about the challenges posed by executive misconduct (e.g., episodes of fraud, malfeasance, unethical behavior) at...

Everyone old enough to remember will recall Y2K – the year our world was supposed to end in a catastrophic transition from December 31, 1999 to January 1, 2000.  Instead, since we are still here, we all recall what happened – nothing. September 23, 2013 was the day when the new HIPAA regulations for Covered Entities came into effect.  Despite all the whining and predictions...

Buying an FCPA Violation: Merger and Acquisition Risks October 22, 2013 12 Noon – 1 PM EST Register: Here  FCPA risks are significant when companies acquire other companies. The Justice Department and the SEC have imposed “successor” liability on companies for past bribery violations committed by an acquired company. Pre-closing due diligence is critical when companies buy another company. Due diligence is an art, not...