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October 28, 2014
Encryption: What Is It Good For? (Risk & Compliance)

  • Tal Klein



  • Data encryption seems to be top of mind for many corporations, and with good reason: high-profile data breaches prove to do significant damage in the way of reputational harm. Perhaps the answer isn't in better encryption, though, but instead better internal controls to keep users from being compromised and to strengthen reporting mechanisms....

    strategy flow chart
    October 27, 2014

  • Patrick Quinlan


  • CCOs bristle at crisis the same as anyone else, and compliance crises are among the worst. But with the right framework in place, it's m...

    broke
    October 24, 2014
    Poverty Mentality Leads to Poor Decisions

  • Linda Henman



  • Is your organization "talent poor," or just afraid to let its people take risks and spearhead change? Does the company lack in influence or in confidence? High self esteem carries individuals and businesses far, but a poverty mentality takes them nowhere good. Decisions made out of fear may keep operations afloat -- for a time -- but those that go forth with confidence thrive....

    risk
    October 28, 2014
    Reducing the Risk of Rogue Trading

  • Jim DeLoach



  • Rogue traders may be uncommon, but the risks they pose are serious. Jim DeLoach writes on the importance of tone at the top (as well as tone in the middle), prescribes potential solutions, and proposes several questions for Boards and senior executives to consider when seeking to reduce the risks of rogue trading....

    retirement
    October 27, 2014
    Right to Retire Or Termination: Remediation of Leadership To Foster Compliance

  • Thomas Fox



  • Tom Fox raises an interesting question: when fault is found with leaders at the heart of a scandal or a major violation, they may face termination - but should they be allowed to retire instead, benefits intact? Here he explores three recent examples of corrupt leadership and the companies' subsequent responses. There are some key lessons to be learned here....

    microphone
    October 24, 2014
    Internal Investigations and the Importance of Witness Interviews

  • Michael Volkov



  • The costs can really add up when internal investigations get underway, but cutting corners is generally a bad idea. Particularly during the interview process. If you're serious about uncovering the truth, the important interviews should be handled by experienced attorneys, not by counsel a bit greener around the edges who will be less likely to pick up on hints of deception....

    watch
    October 23, 2014
    Musing Upon Asset Forfeiture

  • Shamoil Shipchandler



  • On the surface, asset forfeiture sounds like a noble practice: disincentivize crime by confiscating the fruits of criminal conduct. Wonderful! I think we can all get on board with that notion. Put the laws into practice, however, and things can get a bit sticky. Asset forfeiture can impact both the perpetrators and the innocent connected to the criminal either personally or professionally....



    speed
    October 22, 2014
    Auditing at the Speed of Risk!

  • Richard Chambers



  • Just as risks are ever changing, so should our plans for managing them be. Internal audit must do away with tired approaches to risk management and adopt more dynamic practices in order to keep up with industry changes. Otherwise, the audit department may find themselves continually playing catch up when it comes to handling the various challenges that crop up....

    diversity
    October 21, 2014
    LRN307 – Dealing with Diversity at Global Organizations

  • Michael Bramnick



  • Diversity is commonplace at global organizations. With many cultures and ethnicities represented within a corporation, however, ethics and compliance becomes more challenging. Treating employees with respect is critical, but behaviors are received differently across different cultures. Even keeping those differences in mind, companies must establish a universal set of values....

    tehran skyline
    October 20, 2014
    Trade Compliance: Implementing Export Control Reforms

  • Marian Ladner



  • There have been three significant game changers lately that have served to complicate compliance with export control reform. LRN's Marian Ladner and Thomas Scott weigh in on the recent changes compliance practitioners need to be aware of in order to minimize risk and ensure compliance for their organizations now and going forward....

    shutterstock_148344773
    October 17, 2014
    Don’t Wait to Comply with New Revenue Recognition Standard

  • Warren W. Stippich



  • Though it won't take effect until early in 2017, the time is now for audit committees to start adopting the new accounting regulations. Let's not think that audit committees need to go at implementation alone, however. Warren Stippich advises a cross-functional approach involving players throughout the organization. Here's what you need to know......

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    speaker
    October 23, 2014
    Q&A with Richard Bistrong, the FCPA Blogger Who Knows

  • Richard Bistrong



  • CCI's CEO, Maurice Gilbert, dives in with Richard Bistrong, a regular contributor at CCI and a former VP of International Sales who experienced firsthand a brush with the Law as a result of some missteps on the front line. Richard shares here a bit about his story - from the deeds themselves to getting caught, cooperating with law enforcement, and continuing to confront corruption from day to day....

    courtroom
    October 22, 2014

  • Thomas Fox


  • Acts of criminal misconduct are - almost without fail - carried out either by an individual or a group of individuals, so it stan...

    guy fawkes
    October 20, 2014
    From the Arab Spring to Occupy, Corruption 2.0 Rallies the Masses

  • Alison Taylor



  • Political and corporate corruption has long galvanized the general public, but over the past several years, some of the ire that was once focused on organized institutions has begun to be directed at individuals. This is what Alison Taylor refers to as Corruption 2.0, and this trend toward anti-corruption measures at the individual level is worth watching....

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    October 17, 2014
    Ringo, Sir Paul and an Effective Compliance Program

  • Thomas Fox



  • There's more than one way to skin a cat - whether we're talking about putting on an incredible rock show or running an effective compliance program. Keep in mind, though, that however your compliance program is fleshed out, if and when an investigation begins, the DOJ will look not only at its components, but also how it's been implemented....

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    Construction Shortages Ahead: Skilled Labor, Skilled Manager

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    Achieving High Performance Leadership

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    04

    21 CFR Part 11 - Compliance for Electronic Records and Signatures

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    05

    6th Annual Executive & Corporate Counsel Forum

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    Performance Management Skills for Managers

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    stopwatch
    October 16, 2014

  • Timothy O'Hara



  • The deadline for implementation of the 2013 COSO Framework is just around the corner. Tim O'Hara offers us a look into what's remained the same from the 1992 framework and what's changed. Auditors will be taking a closer look at operations where the 2013 iteration parts ways from the 1992 version. Where does your organization stand? Is your company ready?...

    clear clutter sign
    October 15, 2014

  • Robert Dvorak



  • If you want to drive the IT organization forward, start with taking inventory. What activities and assets add value, and which are valueless? Clear out the superfluous and free IT to do more than subsist. A thriving IT organization doesn't simply maintain the status quo; it innovates. And forward movement equals greater market share and more competitive advantage....

    lustration
    October 15, 2014

  • Michael A. Tooshi



  • The past several months in Ukraine have been tumultuous to say the least. Recent developments in the region include the public’s demand for the purge of any government officials involved in corruption, together with the passing of various anti-corruption reforms. But will these measures be enough? And will they even be implemented fairly?...

    paper tiger
    October 14, 2014
    Is the Paper Tiger Sharpening its Teeth?

  • Wendy Wysong



  • In terms of FCPA enforcement, the UK's Serious Fraud Office doesn't hold a candle to the U.S. Department of Justice. Not yet, anyway. Over the past few months, it has become clear that the tide is turning; the SFO has several high-profile cases in the works and is seeking to extend its reach with an expanded arsenal to pursue corporate offenses....

    watergate
    October 13, 2014
    Is More Corporate Governance the Answer? (Part 2 of 5)

  • Glen Jenkins



  • Glen Jenkins continues his deep dive into corporate governance through the years with today's analysis of some landmark events during the 1970s, brought on by a bank bailout, a corporation's bankruptcy and the Watergate scandal, the impacts of which reached much farther than the White House. Moral failures in each helped to set the stage for today's governance practices....

    in the red
    October 13, 2014
    Compliance Challenges: When the Almighty Dollar Rules

  • Michael Volkov



  • Compliance is critical, of course, but at the end of the day, it's of little consequence if the company's operating in the red. And while profitability shouldn't be the sole factor in the CCO's decision-making process, it must figure in there somewhere. The trick is to strike a balance between profits and compliance and to know when compliance must take priority....

    APEC HQ
    October 10, 2014
    TPP Partners at an Impasse as APEC Summit Approaches

  • Klint Alexander



  • The Trans-Pacific Partnership has yet to get off the ground, and the most recent talks in July failed to progress the partnership in any significant way. Japan stands to gain the greatest benefit from the TPP, so they're holding fast on their terms, while the U.S. remains focused on protecting the interests of SMEs stateside. Will the partners reach an agreement by November?...