Third-party risk management is a favorite topic for compliance professionals.  And for good reason.  Third parties create significant risks.  To state the obvious, companies have less control over third parties than employees. But for many reasons companies engage third parties as a more effective solution than hiring employees.  In this situation, risk multiplies exponentially. The third-party risk issue, however, has multiplied exponentially for a number...

LRN and NAVEX Global release two important annual surveys.  LRN issues a yearly report on ethics and compliance program effectiveness.  NAVEX Global issues an important annual report on incident management trends based on its large database of hotline data. In this Episode, Michael Volkov review these two reports and the important ethics and compliance trends.

The COVID-19 pandemic era has transformed the economy  with a new emphasis on health and safety related products (e.g., sanitizers, toilet paper, designated medical supplies).  Our economy has suffered severe disruptions to demand and supply of goods and services.  In this new economy, businesses face extraordinary risks of federal and state prosecution for price gouging. The federal price gouging law applies narrowly to critical items...

COVID-19 — The New Compliance and Risk Framework May 6, 2020, 12 Noon EST SIGN UP HERE The COVID-19 Pandemic has had a devastating impact on everyone around the globe, resulting in over 55,000 deaths in the United States. The global economy has suffered serious disruption and harm. The recovery path appears to be slow and there are increasing risks of a recurrence of the...