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jail
September 17, 2014
Corporate Wrongdoing and Deterrence

  • Michael Volkov



  • How effective is corporate punishment when it comes to deterring illegal behavior? That's the question. The U.S. Sentencing Commission may soon be taking a harder line against corporations involved in cartel activity, though some experts question whether individual punishments would be better deterrents. 108 months of jail time could really drive home the message....

    shield
    September 15, 2014

  • Jim DeLoach


  • It's been made clear that violations of the FCPA can do an organization significant reputational harm and result in some very steep fines. To minimize the damage an employee ...

    embezzlement
    September 12, 2014
    Fraud and Bribery – They Go Hand in Hand

  • Michael Volkov



  • Bribery doesn't exist in a vacuum. In order for funds to change hands improperly, the bribing party needs access to those funds and a way to disguise how they're truly being used. Meaning: if there's fraud going on in your organization, internal controls are quite possibly lacking and your internal auditing system leaves something to be desired, as well....

    coin stacks
    September 16, 2014
    Hot Buttons in Executive Compensation

  • John Siemann



  • Executive compensation has been a mainstay in the news in the past few years. Concern about growing income inequality birthed the Occupy Wall Street movement in 2011 and the issue has remained on people's minds, with many incensed about the immense gap between the "1 percent" and everyone else. Here, we explore the actions companies are taking......

    football
    September 15, 2014
    Pro Football and the FCPA Professor

  • Thomas Fox



  • Ah, September: bringer of fall, sweater weather, and football. Compliance practitioners and lovers of football alike can appreciate the parallels between the sport and the nuts and bolts of FCPA compliance. The success of both teams relies heavily, for instance, on a strong understanding of the game plan. Tom Fox outlines a few other shared characteristics... ...

    corruption
    September 11, 2014
    The Illusion of No Victims: The Final Component of “Rationalizing Bribery”

  • Richard Bistrong



  • For some professionals engaged in corrupt behavior, often the rationale behind their impropriety is that no one is being hurt. Richard Bistrong argues that bribery is not a victimless crime. The damage done just might not be as obvious. And beware the seeming "win-win" scenarios when corruption risk is high; corruption is not in the company's best interests....

    tv shopping
    September 10, 2014
    Conflict Minerals: Compliance Considerations and Takeaways

  • James Ervin



  • Remaining in compliance with the SEC's requirements to disclose use of conflict minerals is an even trickier proposition than it seems. Organizations are liable to be on the receiving end of enforcement actions if any party across their supply chain is in violation of the Conflict Minerals Rules. It's in a company's best interest to step up their auditing and due diligence efforts!...



    records
    September 8, 2014
    Dealing with “Big Data”

  • Michael Salvarezza



  • With the constant forward march of technology and the ever-increasing popularity of BYOD programs, records and information management gets more complicated every day. Businesses must, of course, ensure they're remaining compliant with applicable regulations, but one aspect of risk management in this department may mean challenging those requirements....

    tech concept
    September 4, 2014
    What’s Holding Back the Internal Audit Transformation? Internal Audit’s Technology Performance Gap

  • John Verver



  • Internal audit departments have undergone significant change in recent years, a trend that's likely to continue for some time to come. In fact, IA ought to be embracing new technologies, as other departments have, to achieve greater efficiency and effectiveness. IA's failure to properly leverage technology only stunts its growth. ...

    challenge
    September 2, 2014
    A Look at What’s Happened in 2014 and What Compliance Challenges Are Still to Come

  • Jimmy Lin



  • As has been evidenced by Walmart this year - and the heavy penalties leveled against it - the cost of noncompliance can be steep. With 2014 on the wane, we're looking back at some of the changes that have come about in compliance, as well as the challenges compliance practitioners are facing as a result. Here's what you need to know......

    reading
    August 29, 2014
    Trying Something Different – The Desktop Risk Assessment

  • Thomas Fox



  • Those with less adventurous palates can relate: some of us aren't big on trying new things. But when it comes to risk assessments, sometimes taking a new approach can do you good. Tom Fox shares a novel strategy, the desktop risk assessment, which is a more focused, yet limited take on the more common exhaustive assessment....

    QUICK-JUMP TO CCI DEPARTMENTS

    3D glasses
    September 9, 2014
    The 3 Dimensions of Risk

  • James Bone



  • Organizations that have a fairly firm grasp of risk management tend to do fairly well in what James Bone calls the first and second dimensions of risk. It's common, however, for firms to fall short in the third dimension. So what is this third dimension of risk, and how can risk professionals guide their firms into more robust risk management practices?...

    gift
    September 5, 2014

  • Craig Garner


  • Each Fall, the Centers for Medicare and Medicaid Services releases updates to regulations associated with its Hospital Inpatient Prospective Payment Systems. T...

    coffee
    September 3, 2014
    Coffee-Shop Talk…Making Confidential Information Public

  • Marcy J. Maslov



  • Upholding confidentiality may mean different things to different people. But when a client's interests and reputation could be affected by making information public, you and your staff had better be on the same page. Even mere witnesses to a breach of confidentiality can bear some responsibility if a problem arises. So what are your options?...

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    red flag
    August 28, 2014
    Third Parties and the Red Flags You Don’t See

  • Richard Bistrong



  • The on-boarding process for new third parties represents both the biggest opportunity for risk and the greatest opportunity for improving due diligence. Corrupt agents will make whatever agreements it takes to win business, regardless of their true intentions. Just as troubling is the web of lies these organizations can weave. We've got to beware!...

    Upcoming Events

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    12th Annual Conference Call Management Utility

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    Developing Professional Assertiveness and Confidence

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    Providing 360-Degree View of Risks Using Multi- Dimensional Risk Assessment

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    28

    Dubai International Project Management Forum

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    ISACA EuroCACS/ISRM

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    umbrella
    August 27, 2014

  • Wendy Wysong



  • A recent ruling has weakened Hong Kong's anti-corruption and anti-bribery laws, limiting its enforcement power to its borders. The FCPA, UK Bribery Act, and anti-corruption laws of most other Asia-Pac countries stand in contrast to this position, holding perpetrators responsible for corruption wherever they're located....

    bandaid
    August 26, 2014

  • Frank Bucaro



  • When issues arise with your ethics program, you have two options for how to solve them: the quick way and the right way. Be sure that you're not taking a Band-Aid approach to a serious problem. Just as you'd seek out a medical professional to stitch you up after an accident, you ought to enlist a properly trained professional to help you resolve the bigger issues....

    cloud security
    August 25, 2014

  • Robert Bond



  • As is often the case, technology has evolved faster than the law. In the EU, this means that while there is an abundance of solutions available to users, there is also a great need for awareness of applicable regulations and directives. Here we have an in-depth look at recent legislation and the consequences to organizations of non-compliance....

    tools
    August 22, 2014
    5 Essential Improvements to Corporate Governance

  • Michael Volkov



  • Achieving a corporate culture focused on ethics and compliance doesn't happen by accident. It takes a concerted effort from the Board of Directors, CEO and CCO, who all must understand the importance of a strong E&C program and be committed to championing the notions. Michael Volkov offers five key ways companies can strengthen corporate governance....

    thumbs down
    August 21, 2014
    GRC System Design and the Never-Ending Battle Against Ignorance, Incompetence, Unscrupulousness and Malevolence

  • Jim Nortz



  • According to a recent Ernst and Young survey, 67 percent of professionals questioned believe improving the GRC system within their companies should be high priority. There are three key areas to focus on if your firm's governance, risk management and compliance functions need bolstering. Jim Nortz, of Ethics Advisory Services, breaks them down....

    paper
    August 20, 2014
    What if Your Compliance Training Records Became Invalid Overnight?

  • Jan Sramek



  • Loopholes in compliance training security can leave organizations open to significant risk, as the validity of LMS completion records can easily be called into question. How sure are you that your staff have completed all necessary trainings? As we've seen on several occasions recently, security issues can escalate quickly and do lasting harm. Now is the time to take preventive measures....

    team with leader
    August 19, 2014
    Role of a Corporate Compliance Officer

  • Rose Schindler



  • With ever-changing legislation and ever-increasing regulatory scrutiny, the role of the CCO is continually evolving. Corporate compliance officers served once upon a time as compliance cops, but the scope of the role has grown over the last several years so that now CCOs must be champions within their organizations of a culture of compliance and ethics and more......