New featured article by Luis Ramos, Chief Executive Officer for The Network. As with many situations of adversity, the current economic downturn presents an opportunity for a Chief Compliance Officer (CCO) to strengthen their company’s ethics and compliance programs.
Complient has announced the finalists for its 5th annual Compliance Awards. Winners will be announced at the awards dinner on November 9th.
By Maurice Gilbert — CCI Founder and Managing Director of Conselium
(In a special contribution to Corporate Compliance Insights, CCI founder Maurice Gilbert discusses the importance of restoring trust through ethics and compliance for the overall economic recovery plan of the United States.)
How did we get here? Unemployment is mounting, the stock market is on a roller coaster ride, and the banks aren’t lending.
Any number of factors contributed to our economic collapse—credit default swaps, mortgage-backed securities, Ponzi schemes, subprime mortgages, and all sorts of other things that most of us had never heard of a year ago. But they all boil down to one simple concept: a loss of trust.
The American economy is a little bit like Tinkerbell. It thrives when we believe in it, and it dims when we lose our faith. Unfortunately, merely saying “We do believe in capitalism, we do believe in capitalism” won’t stabilize the economy. To achieve economic recovery, we need to focus on restoring trust, and the only way to do that is to make ethical behavior, not just legal behavior, the rule and not the exception.
In the latest edition of the Compliance Blog Roundup, we links you to interesting articles regarding the effect of the Satyam scandal on new models of outsourcing, an analysis of the Bank of America-Merrill Lynch deal, and a study that says young lawyers are happy.
William Raver has been named the Executive Vice President for Heritage Oaks Bancorp, the parent company of Heritage Oaks Bank. In July of 2008, Mr. Raver was promoted to the position of General Counsel after spending three years as a Compliance Officer.
Kim Bullock was recently named Corporate Compliance Officer at Children’s Hospital in Birmingham, Alabama. Bullock had previously served as the Director of Internal Audit in the Corporate Compliance Department.
