Current events demonstrate daily that senior executives can pose high risks to an organization. One of the biggest risks, in fact. And we continue to hear from ethics and compliance officers – as well as from senior executives themselves – that making time for executive-level training to avoid those costly errors is a challenge. Yet there is no doubt that upper management, the C-suite and boards of directors need ethics and compliance training as well.
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December 6, 2013 • Simmi Singh Corcoran
December 5, 2013 • Carrie Penman
My twenty-three year old son is a recently minted engineer working for a large and highly-respected manufacturing company with a strong reputation for good ethical conduct. He is a straight arrow with a strong moral compass. Because I have been in the ethics and compliance field for nearly 20 years, he grew up having many dinner conversations about ethics and compliance and what good companies do. He gets it and supports it.
November 21, 2013 • Randy Stephens
2013 Annual Report to Congress on the Dodd-Frank Whistleblower Program Back when the Dodd-Frank Act first proposed the creation of the Office of the Whistleblower (OWB) a hue and cry went up from chief compliance officers, general counsels and many others that this would be the ruin of robust compliance reporting within corporations. After all, why would an employee contact the company helpline or whistleblower hotline for free when they could instead go to the OWB and get in line for wheelbarrows full of the U.S. Treasury’s money?
November 19, 2013 • Simmi Singh Corcoran
Last week, NAVEX Global held our most successful Ethics & Compliance Virtual Conference to date. This event continues to grow as we tailor each conference to the feedback and participation of our valued attendees. With more than 2600 registrants for the live broadcast, we continue to get requests for the on-demand sessions and resources. All 18 sessions are now available on-demand, along with more than 100 downloadable resources (whitepapers, case studies, business cases, session slides and datasheets). If you were unable to attend the live broadcast on November 14, you can register and log in to the conference environment to access all sessions at your convenience.
November 15, 2013 • Ingrid Fredeen
Read Lessons 1, 2, 3, & 4
November 14, 2013 • Randy Stephens
“The U.S. government is too restrictive in trying to prevent its companies from corruption abroad and that’s hurting business expansion in Asia and elsewhere, according to Penn National Gaming Chairman Peter Carlino. ‘There's a little bit of overzealousness in this,’ Carlino said during a speech at the Baron Investment Conference in New York on Friday. ‘Those are limitations that American companies face that others don't.’”
November 13, 2013 • Shanti Atkins
Designed right, an ethics and compliance program is not just about limiting risk. You’re setting your sights too low. In fact with that narrow mindset, you’re likely setting your organization up for failure, or at least missing the opportunity to add true value to the enterprise. Design your program with a much bigger picture in mind -- to support growth and business success. For example, let’s take managing third parties and entering less regulated geographies.
November 6, 2013 • Ed Petry Ph.D
This week, the S.E.C. announced a record-breaking penalty of $1.8 billion US dollars for insider trading violations. I suspect many ethics officers who are far removed from Wall Street may take little notice. That would be a mistake. There are important takeaways from these cases for every ethics and compliance officer, in every industry.
November 1, 2013 • Ingrid Fredeen
I first came across this story, not buried in an online discussion or in a tweet. But rather, on the Today Show. It's an excellent example of the speed with which poorly thought out internal memos find a whole new life online. Clifford Chance sent a memo to female lawyers in their firm. They were hoping to provide women with some "tips" about how to act and present themselves. But many of the tips are a bit...well, ridiculously worded such as: Think Lauren Bacall, not Marilyn Monroe.Don’t giggle; Don’t squirm; Don’t tilt your head.Practice hard words.Watch out for the urinal position.
October 11, 2013 • Mary Bennett
News flash: Cheating gets you high. A recent study published in The Journal of Personality and Social Psychology by researchers at the University of Washington, the London Business School, Harvard and the University of Pennsylvania comes to the surprising conclusion: “Cheating is associated with feelings of self-satisfaction.” The study, “The Cheater’s High: The Unexpected Affective Benefits of Unethical Behavior” also found that the good feelings do not depend on financial gain.