Compliance

The COVID-19 pandemic has proven an inflection point for the use of AI and ML technology in the health care sector. Regulators across jurisdictions have provided guidance, but many uses and implementations of AI remain in their infancy. To navigate this legal quagmire, boards will need to use every tool and resource at their disposal.  Health care industry investment in...

Results of a recent Ethics and Compliance Initiative (ECI) survey indicate that a majority of CCOs can’t be sure whether DOJ follows its own guidance when accounting for self-reporting and other incentivized action in the penalties it hands down. That uncertainty makes going after those incentives a risky and venture.

Demand for ESG-aligned asset management has induced many advisors to take the Net Zero Asset Managers Initiative (NZAMI) Commitment. Lance Dial and Miranda Lindl O'Connell argue, however, that making this pledge calls for careful planning and consideration of fiduciary duties.  Many asset managers are signing up for the Net Zero Asset Managers Initiative (NZAMI), a commitment to support the goal...

As the COVID-19 pandemic rolls into its second full year, it's reasonable to reflect on the massive changes the virus has wrought. But for professionals working in compliance, the reality is the past 24 months of change may only be the beginning thanks to the introduction of new laws, rules and regulations with which they must contend.  To cope with...

Many are quick to say that improving diversity, equity and inclusion (DEI) makes business sense for any company. But what does that actually look like for HR, risk and compliance professionals? In a chapter of his latest book, Intended Consequences, General Catalyst Managing Director Hemant Taneja describes three successful DEI initiatives and their positive downstream consequences.  It's common today for...

Where dollars go, regulation, reporting and risk follow. The demand and interest in ESG-aligned corporations shows no sign of ebbing, and businesses will need to do what they can to expand their ESG reporting and risk assessments. 2021 was a banner year for ESG (environmental, social, governance) investing, with nearly $650 billion invested into ESG-focused funds worldwide.  No one considers...

No one has surveyed the mental health and working conditions of compliance officers for 10 years. We decided that was long enough. The findings of a survey we conducted last year, discussed below, suggest that many COs work in a high-stakes environment where their progress is hard to measure, let alone recognize.

In the decade that Corporate Compliance Insights has covered the corporate compliance and risk management profession, we've heard a common refrain: Compliance is a stressful, demanding career that routinely has compliance professionals at odds with their colleagues. But we wanted to understand more about what exactly makes compliance roles so stressful and to what extent jobs in compliance and risk...

ESG-consciousness has taken the global business world by storm. In many circles the acronym has become shorthand for any environmentally minded business. But Doug McKeige, editor-in-chief of The Climate Capitalist, cautions that a stark difference lies between ESG compliance and the growth that will fuel the clean energy transition.  Environmental, Social and Governance (ESG) investing is at an all-time high,...

DOJ's latest remarks (via Deputy Attorney General Lisa Monaco) on corporate criminal enforcement carry important implications for compliance teams. Going forward, the department will take a wider view of companies' past wrongdoing, require more detailed information on individuals related to actions in question and allow for the broader use of monitorships.  Over the last year, the Biden Administration announced policies...

Though broad in scope, the Biden Administration's plan to counter domestic and international corruption follows four primary lines of effort. A series of related proposals for rule-making conclude their comment period in February. Business leaders have the opportunity to respond to both in advance of enforcement. 

While compliance is undoubtedly a complex proposition and one that's filled with the potential for serious missteps for businesses and organizations, global audit and accounting firm Mazars sees things a bit differently. In its latest report, "Unlocking trust: why global compliance is on the business agenda," Mazars explores the ways in which compliance leaders tend to see global compliance as...