Tagged: ethical culture

Five Signs Your Company Lacks Integrity

It is always easy to second-guess or look back with 20-20 hindsight on a compliance breakdown and point out all the problems that were ignored or created by corporate actors.  There are common factual scenarios that recur in DOJ and regulatory enforcement actions, some of which fall into certain categories.  While defense counsel (being effective advocates) often argue that bad actors are often “rogue” employees,...

Episode 78 — Ethical Cultures and Proactive Measures to Mitigate Organizational #MeToo Risks

The corporate world has been rocked by major governance failures surrounding #MeToo incidents and complaints.  Recently, Google suffered global walkouts by employees who were upset by Google’s payment of lucrative severance packages to senior executives forced to resign because of sexual misconduct issues, and a culture of sexual misconduct that included 48 sexual misconduct incidents resulting in the departure/termination of employees.   Companies have to address...

Touting Corporate Culture to Excuse a Commitment to Compliance

There is no question that corporate leaders, senior executives, legal and compliance staff, and internal auditors recognize the value of an ethical corporate culture.  It is the latest “fad” in corporate governance, and it is a welcome development.  I have written extensively on this important trend and the value of a company’s culture of ethics and compliance. CEOs and corporate executives, however, have embraced this...

Your CEO Agrees the Company’s Culture is Important – Now What?

“The secret of getting ahead is getting started.” – Mark Twain  “To succeed in life, you need two things: ignorance and confidence.” – Mark Twain  Mark Twain would have been a great Chief Compliance Officer – he had an extraordinary ability to capture human behavior and motivation.  He would have known how to use the right phrase at the right time. I can just imagine CCO Mark Twain meeting...

The Tangible Benefits of a Positive Ethical Culture

We all enjoy citing Supreme Court Justice Potter Stewart’s famous description relating to obscene materials, “I know it when I see it.” To apply this maxim in the corporate compliance field does not take much imagination.  Let’s start with the most important corporate control for any organization – its culture? How do we define a positive culture of ethics and compliance?  We can throw out...

When Your CEO Just Does Not Get It

There are a lot of talented CEOs.  Some remarkable leaders, innovators and eloquent spokespeople for their companies.  In several recent experiences, I have been befuddled by some CEOs. When a CEO addresses a global ethics and compliance staff or has the opportunity to address a large staff or division meeting, the CEO should take the opportunity to reinforce the company’s culture and compliance program message. ...

Leadership Support Provides Compliance Credibility

We often hear the compliance refrain on the importance of tone-at-the-top – meaning when the board, the CEO and senior executives demonstrate by communications and by conduct their commitment to a culture of ethics and compliance. This single idea carries with it enormous importance to the success or failure of a compliance program.  A positive tone-at-the-top permeates every aspect of a compliance program and specifically...

Culture and Leadership in Middle Management

We always hear about the importance of tone-at-the-top.  Corporate leaders are very familiar with how to say the right things about ethics and compliance and the company’s culture.  But we all know that words are cheap – it is conduct that matters, and it is behavior that ultimately builds trust in an organization. In large corporations, however, the tone-at-the-top can only go so far.  No...

Three Simple Steps to Improve Your Corporate Culture

Lauren Connell, Managing Associate at The Volkov Law Group, rejoins us and provides a posting on corporate culture.  Lauren can be reached at lconnell@volkovlaw.com. What exactly does “corporate culture” mean?  Compliance professionals often talk about how important “tone from the top” or the “mood in the middle” is, but what does that really mean? Improving corporate culture has been directly tied to higher profits and...