Indian rupee currency

Disruptive Policy Innovation Against Corruption

Posted by - March 15, 2017
India’s government decided in November to demonetize 86 percent of its currency in order to fight corruption. As the country moves toward a cashless economy, risks around the black market, cash stashing and tax evasion will plummet. But anti-corruption legislation only goes so far; a change in social behavior is…
Rolls-Royce building

Modern Enforcement: Rolls-Royce’s $800M Global Settlement

Posted by - February 10, 2017
Case Highlights Growing Trend in Collaborative Enforcement This article by Bracewell white-collar attorneys details the resolution of parallel investigations by U.S., U.K. and Brazilian authorities. Rolls-Royce’s long-running scheme to bribe government officials across the globe in exchange for government contracts has resulted in a record enforcement action. Learn about what…
For better governance, be sure there’s compliance expertise on your board

Compliance Expertise in the Boardroom

Posted by - September 7, 2016
We in the GRC community know the value of an empowered compliance function: a CCO with authority, sufficient resources and the ear of the top brass. And to further ensure compliance success, experts are now calling for compliance expertise in the boardroom. Companies who have a director on the board…
what makes an "effective" ethics and compliance program?

Defining “Effective” Ethics and Compliance Programs

Posted by - June 20, 2016
Regulators, boards of directors, stockholders, the compliance profession – there may not be much common ground here, but there are some items everyone is sure to agree on. The importance of a strong ethics and compliance program is one of them. But no one has done a great job of…
Your front-line staff should be your best compliance envoys

What Good Compliance Looks Like

Posted by - March 7, 2016
To elevate “compliance” from an overused buzzword to a real value and operational commitment, leadership must empower their front-line employees to broadcast the organization’s message of ethics and compliance, and trust them to do it.

Ethics and Compliance Predictions for 2016

Posted by - January 7, 2016
The year ahead is full of promise. Good news for all here: we’ll no doubt continue to see the rise of the compliance profession in 2016. Michael Volkov forecasts changes to come and trends to watch.

Attributes of a Great Ethics and Compliance Leader

Posted by - November 18, 2015
The best E&C leaders foster an ethical culture in their organizations, but they also realize that tone in the middle is just as important as tone at the top – if not more so. The importance of middle managers in ethics and compliance cannot be underestimated. Pair a finger on…

5 Ways to Ensure Board Support for Compliance

Posted by - November 9, 2015
It’s absolutely critical that the Chief Compliance Officer and the Board of Directors work together to achieve a culture of ethics and compliance. With the Board’s backing, a CCO’s influence is far greater. Establishing that relationship, however, may be a daunting proposition. Michael Volkov outlines five steps to build this…

The 5 Key Ingredients to a Culture of Ethics

Posted by - October 12, 2015
Organizations that don’t intentionally foster and maintain a culture of ethics to so to their detriment. The company’s opportunities are limited, its employees’ loyalty may be diminished and – sooner or later – the bottom line is negatively impacted. So if a culture of ethics is your aim, make sure…

Compliance Fatigue — A Dangerous Concept

Posted by - September 29, 2015
As the corporate purse strings tighten, it's not uncommon to start hearing whispers about "compliance fatigue." But the reality is that the compliance function requires relatively little in the way of funding, and the financial savings achieved by remaining compliant are huge. It must be easy to lose sight of…

Compliance and the Board: 3 Expert Opinions

Posted by - July 8, 2015
As regulatory oversight increases, so does the importance of managing compliance risk. Given its purpose and charge of protecting the company, the Board can't afford to sit idly and leave the task of managing compliance risk entirely to others. No, the Board ought to be taking an active role here.…