If you can’t explain it to a six-year-old, you don’t understand it yourself. — Albert Einstein Compliance professionals are in a heady state these days. Their stock is rising; they are gaining influence and authority, and even some additional resources. When given the time, compliance professionals can come up with new and innovative strategies for compliance programs. But I see a danger lurking in the...
Donna Boehme (profile here) and I recently wrote an article — 4 Steps Corporate Directors Need to Take Toward Compliance 2.0 – which is available here. I have written about the need for corporate boards to embrace a “new reality,” reflecting the increased risks and the importance of ethics and compliance. Corporate boards can no longer rely on prior legal models to satisfy governance standards;...
Some things are hard to define and measure in compliance. Culture is the prime example often cited by commentators. I do not share that opinion. Whether it is quantified or not, there is one unmistakable truth – you know when you have a positive culture and you know (but often try to ignore) when your company has a poor culture. When I work with companies...
