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earthquake-compressed (2)
January 22, 2015
An Earthquake Survival Guide

  • Jim Nortz



  • Until a crisis presents itself, it's not apparent from the outside whether sufficient resources have been dedicated to managing risks. But if and when that disaster eventually arrives, it will be too late to plan for the worst. Take proactive, preventive steps now to ensure your firm is prepared to handle its greatest risks and boost its chances of survival considerably....

    bank-compressed (2)
    January 21, 2015

  • Michael Volkov


  • Financial institutions have been guilty of a host of transgressions lately, and while the offenses are varied, their causes can be traced back to one key is...

    snake
    January 19, 2015
    Snakes in the C-Suite

  • Linda Henman



  • Nobody hires a snake intentionally. Executives with reptilian tendencies either develop them over time or reveal themselves little by little. Either way, once a snake-like leader shows his true nature, something's got to be done. Yes, he might be generating amazing results, but at what cost? Consider the long-term ramifications of keeping a snake on board: they're disssssastrous for business....

    shhh-compressed
    January 21, 2015
    Boardroom Black Holes and Taboos

  • Gary W. Patterson



  • Is your Board side-steppng the hard questions? Sure, some subjects are uncomfortable to talk about, but avoiding them isn't a great solution. In some instances, turning a blind eye to a taboo topic could be putting your organization's fiscal health at risk. Is that a gamble you're willing to make? Follow these tips to pinpoint, prioritize and start to address your taboo issues....

    defense
    January 20, 2015
    Defining the Five Lines of Defense

  • Jim DeLoach



  • Rather than segregating risk management responsibilities into their own silo, making them the purview of only a select few, companies would benefit greatly from an integrated approach in which every person in the organization is responsible to some extent in managing risk. Jim DeLoach presents a method involving five distinct lines of defense. Read on for details. ...

    hagia sophia
    January 19, 2015
    Byzantium and the Alstom FCPA Settlement – Part III

  • Thomas Fox



  • The final installment from Tom Fox in a series on the Alstom FCPA enforcement action, this post explores the accounting records violations the French parent company owned up to. As it happens, the charges are a bit puzzling, but it's made clear in the settlement not only that there were some serious misdeeds afoot, but that there were high-level players involved....

    leaking tap
    January 16, 2015
    Avoid Data Leaks: Make Content Sharing Safe and Compliant

  • Glen Segal



  • The necessity of guarding against data breaches is more apparent with each passing day and each new scandal. Finding the right solution, though - that's the tricky part. There are a plethora of options available, and not all are created equal. Implement the right one for your company to protect your firm, your staff and your customers from those that would exploit sensitive information....



    moving office
    January 15, 2015
    M&A Communications Challenges Posed by Tax Inversion Deals

  • Kal Goldberg



  • Tax inversion -- relocating headquarters to a nation with a more favorable tax structure -- most often seems a financially prudent move. However, this business decision can generate backlash from politicians and the media who deem the relocation "unpatriotic." Fallout reaches shareholders and the general public quickly, so it's crucial to handle M&A deals involving tax inversion carefully....

    german flag
    January 14, 2015
    Germany in the World Cup and the Alstom FCPA Enforcement Action – Part II

  • Thomas Fox



  • The recent Alstom enforcement action has dwarfed many others, and for Tom Fox, it brings to mind last summer's soccer upset heard 'round the world - Germany trouncing Brazil in the World Cup. Today's piece delves into the deferred prosecution agreements, outlining the requirements they set for Alstom and what they mean for compliance practitioners in general....

    checklist
    January 12, 2015
    Change Management Checklist for HR: An Essential Tool for HR and Organizational Transformation

  • Elissa Tucker



  • Change is a necessity at some point in every successful organization. Managing those changes can be challenging, particularly as they grow in size and scope, but having the right players in place certainly helps. HR ought to be involved from the beginning, from the planning stages to assessing the need for staffing changes and communicating plans and feedback along the way....

    bookends
    January 12, 2015
    Book-Ending FCPA Compliance: The Importance of Risk Assessments and Monitoring

  • Matteson Ellis



  • Risk assessments and monitoring are essential to any successful compliance program, and as such, they're the two key components FCPA enforcement officials look for when evaluating a company's compliance efforts. If either piece is absent, there will be serious doubt as to the company's commitment to compliance and, of course, to its ability to prevent and address violations....

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    professional woman
    January 16, 2015
    The Person of the Year: The Chief Ethics Officer

  • Michael Volkov



  • With every changing of the calendar, Michael Volkov names a "person of the year." This year, the distinction goes to the Chief Ethics Officer, as companies are coming to a better understanding of the integral role a culture of ethical behavior plays in an effective compliance program. In fact, many are finding that you can't have one without the other. Here's to the rise of the other CEO!...

    biosuit
    January 14, 2015

  • Richard Bistrong


  • As with a viral or bacterial outbreak, the best response to bribery-related offenses might be isolation -- but that can prove quite challenging. Richard Bistrong an...

    shipping containers (3000x2037)
    January 13, 2015
    Integrating FTZs with Global Trade Compliance Operations

  • Jill Natusch



  • A comprehensive solution that allows your company to integrate global trade compliance with foreign trade operations can be quite the valuable tool. The benefits of such a tool are many, but increased compliance is among the greater perks. Additional advantages can be felt throughout the supply chain. Something to seriously consider for corporations with a global reach....

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    mousetrap
    January 9, 2015
    Tips and Traps in Managing Social Media at Work

  • Laura Kerekes



  • The use of social media can be a huge advantage to your company, when done correctly. Without proper limits in place, or forethought, businesses can find themselves in a heap of trouble for actions they take in this realm. Laura Kerekes, Chief Knowledge Officer at ThinkHR, explores how to handle social media intentionally, plus what not to do....

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    Thinking ‘80/20’: Formulating an Effective Internal Audit Function

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    alstom train
    January 9, 2015

  • Thomas Fox



  • The first in a series of posts from Tom Fox on the recent Alstom enforcement action -- among the very largest of all FCPA actions to date both in terms of the scope of the investigation and the amount of fines levied against the offending party. Lessons to be learned from Alstom? The importance of controls cannot be overestimated. Also, take investigations seriously; the DOJ and SEC do....

    binoculars 2
    January 8, 2015

  • Jeff Kaplan



  • There is no one-size-fits-all risk assessment. Assessments should be fairly different, in fact, from one organization to another, since needs and risks are necessarily quite different depending on industry, location, lines of business, etc. The need for customized assessments is even greater when businesses are using combined risk and program assessments, in fact. Read on for details....

    red pills
    January 7, 2015

  • Jon Umarov



  • Bio-Rad has recently settled DOJ and SEC investigations into alleged FCPA violations, to the tune of $55 million. The U.S. company found itself in hot water after having allegedly made improper payments to Russian government officials. Russia is a notoriously difficult market to navigate when compliance is at stake, but the pharmaceutical industry may have a tougher go of it than most....

    globe
    January 7, 2015
    5 Ways that Latin American Companies and Individuals can be Subject to FCPA Jurisdiction

  • Matteson Ellis



  • If you've ever wondered about the phrase "the long arm of the law," here it is in action. One might assume that laws enacted in the U.S. would apply only to U.S. companies and individuals. As it turns out, though, the DOJ and SEC have jurisdiction far outside of American borders and are able to take enforcement actions on many players, American or not, through the FCPA....

    ominous cloud
    January 6, 2015
    Is the Cloud a Compliance Nightmare?

  • Shawn Mills



  • If not done correctly, using the cloud to store sensitive data can create a headache for compliance professionals at best, and major lapses in security at worst. Make sure you know where information is being stored, how and by whom it's accessed and just how tight security measures are on the service provider's end. Maintaining security requires a joint effort from compliance, IT and the provider....

    heads in sand
    January 5, 2015
    The State of Whistleblowers

  • Michael Volkov



  • The latest SEC Whistleblower report has been released, and it seems 2014 was a banner year for whistleblower investigations and awards. The number of awards issued was at its highest level yet and the magnitude of those awards on average was larger than ever as well. Given that whistleblowing is way up, employers would do well to ensure they handle complaints properly....

    tablet, airport
    January 5, 2015
    Seeing Is Believing: The Powerful Potential Video Brings to Compliance (Part 2)

  • Bob Paulsen



  • We live in an increasingly mobile world, and with much of the workforce continually on the go, training solutions that require staff to be in one particular place at one specific time don't allow for the flexibility many businesses require. That's where video comes in. Shoot training sessions ahead of time and they can be disseminated and completed as schedules allow....