James Bone warns against a “mini Y2K” that might exist at many firms in the form of service recoveries, customer rebates for inaccurate calculations, or financial statement restatements. By implementing regular health checks on systems output controls, a significant number of these problems can be reduced or prevented.
Brian Klemm, Senior Counsel and Corporate Compliance Officer at SAS, discusses how many compliance professionals are increasingly focusing their attention on how they can prevent problems from occurring in their organizations, and how technology can play an important role in such prevention.
Written by Scott Gracyalny of Protiviti, this article defines GRC, provides insights into developing a value proposition specific to your business context, and articulates measured steps toward evolving integrated GRC practices.
In yet another decision aimed at encouraging companies to focus on prevention and full disclosure in the face of investigations, the U.S. Sentencing Commission recently put forth a proposal that “would reduce fines and penalties even if company officers were involved in the criminal activity…if they meet standards for tackling white-collar crime at their companies.”
In the event you don’t already have a robust and meaningful set of compliance and ethics KPIs at your company, Jim Nortz offers a couple of things you might consider doing to remedy the situation:
Today, the SEC issued a press release outlining “interpretive guidance” for potential climate change legislation. While many applauded the move, many others were left scratching their heads and wondering exactly what purpose the SEC’s release had served.
According to WeFollow.com, the CCI Twitter account (cci_compliance) is ranked #2 for the terms “compliance” and “governance” in terms of overall influence. Additionally, CCI’s Twitter account is ranked #4 for the term “ethics”.
This interview between CCI founder Maurice Gilbert and Jeff Kaplan, a frequent CCI contributor and partner at Kaplan & Walker, looks at how compliance and ethics program assessments are designed, and what some methods are for making them as effective as possible.
In this CCI featured article, Tim Lupfer and Mike Fuchs of Deloitte Consulting share their advice on how to effectively managing human capital risk, including best practices for risk management training and ingraining risk management into the corporate culture.
A survey by Dow Jones has found that more than half of companies are delaying or abandoning key business initiatives as executives struggle to both interpret a patch-work of anti-corruption regulations and collect the information they need to confidently assess corruption risk.
