corporate culture

tower of babel

Risk Management’s Tower of Babel

Put a dozen leaders in a room, set them to the task of defining risk management and you'll quickly find that when it comes to risk, most of us are speaking different languages. If Risk Managers are to be effective -- in everyone's eyes -- we'd all better find some common ground in terms of what constitutes a ...

giants fans

Giants Join Pantheon of Greats Through the Confluence of Culture and Strategy

The San Francisco Giants grasped their third World Series win in five years last week. In the course of the championship, the team demonstrated what many compliance practitioners know to be true: that compliance and strategy make good bedfellows. When a company or sports team, as the case may be, is armed with both, they're primed for ...

culture

CCOs Take Note: It’s the Culture, Stupid

A CCO's primary focus must be on culture - that is, building a culture of ethics and compliance throughout the organization. Lay this foundation and you'll have gone a long way to minimizing risk. Corporate culture should also make up much of what the CCO reports to the Board and senior management. Michael Volkov has some ...

security camera

Program Management: Board Oversight and Reporting Structures

An E&C program must be effective -- not necessarily convenient. Does the Chief Ethics and Compliance Officer have enough authority and autonomy? What's being reported to the Board, and does the Board have proper oversight of the E&C program? These are just some of the factors that influence the effectiveness of an E&C program.

building concept

Every Company Has the Exact Compliance Program It Wants

As popular as the myth of the rogue employee is among companies answering for noncompliance, the reality is that the problem very rarely lies with a lone wolf. Companies make their compliance bed, then they lie in it. Blaming a corporate scandal on a single actor is ignoring the larger problem...

megaphone

The Value of an Ethical Culture

When it comes to compliance, the best investment a company can make is to create and promote an ethical culture. Dollar for dollar, communicating this message is the money well spent. A CEO has to commit time and effort to the program. If the CEO does not want to commit, the job will be much harder. ...

man in athletic shoes

CEOs Who Walk the Walk

I may be getting cynical in my old age, but honesty is a rare thing these days. It seems to be getting more difficult to find honest people, especially when it comes to business. Each day we read about another scandal involving another fraudster, corrupt politician or criminal motivated by greed.

blindfolded businesspeople

10 Ways Board Risk Oversight Can Fail

Risk oversight is a top-of-mind issue for boards because of the expectations spawned by the financial crisis and the unanswered questions around what directors might have, or should have, done to thwart that crisis.