The NCAA’s failure to invest in an efficient system by which to confirm student-athletes’ eligibility opens the organization to charges of hypocrisy.
Is a businessperson compelled by the duty of care and loyalty to a corporation to authorize or endorse a legal operation, even if it is known that doing so will cause irreparable environmental damage and kill or sicken people? Bausch and Lomb’s Jim Nortz thinks there are at least three reasons why the answer to this question is no.
Steve Priest reviews the lessons from the NFL referee fiasco and how it relates to the tragic flaw underlying most of our corporations, the relentless drive to improve profitability. This can be good, but sometimes, usually when arrogance overcomes prudence, people and companies do stupid things in the name of profitability.
I am tired of people blaming the recession for their lack of business, stagnation or loss of motivation. The reality is that companies have cash reserves, 90% of the workforce is still employed and the market is recovering. So what and where is your success? It lies within you. Let me share with you a few ideas that might help.
How do you spell success? E-T-H-I-C-S! Don’t think so? Read on.
Management’s “tone at the top” is a critical element of effective internal control and corporate compliance programs. While tone at the top assessments may seem “soft” by the standards of most performance indicators for a compliance and ethics program, compliance executives and boards may find such assessments invaluable in surfacing early warning signs of the [...]
Sometimes you just hit the brick wall. You carefully plan a strategy, implement the planned strategy and then measure the results but it falls completely flat. In other words, you hit the proverbial brick wall. So what should happen? Should you be fired for trying something that does not work? Be sent off for a two-year punishment detail at some far flung company outpost? This is not the tack taken by Kyle Zimmer, Chief Executive Officer (CEO) and co-founder of First Book. Zimmer instead may reward such activity through her company’s “Brick Wall Reward,” which is Zimmer’s way of saying, “It’s OK. You did the thinking, and you gave it your best shot. It crashed, but it was an honorable step.”
In a recent LRN poll, 72 percent of E&C leaders indicated that their education programs will demand real innovation over the next 18-24 months, while 56 percent believe that it will be critical to rethink the measurement of their program effectiveness. Friso van der Oord reviews 10 innovation ideas.
Corporate compliance is nothing new. However, for smaller companies, the process of establishing a corporate compliance program may seem daunting, and keeping it current may seem impossible. We suggest that applications for directors & officers (D&O) insurance are a good place to start.
As part of the Compliance Done Right series that spotlights those corporations and compliance teams and professionals that are doing something right, here is a case study on how BAE Systems integrated internal controls.
The March 14 resignation announcement by Goldman Sachs’ executive Greg Smith is already being widely discussed as an indictment of the business practices of Wall Street in general and Goldman Sachs in particular. Good. Just as the outgoing tide of recession and financial catastrophe exposed underlying problems, the rising tide of stock prices and Wall Street profits hides them.