Compliance

The foundation of an ethical culture is trust and integrity. Employees are proud to work for organizations that prize trust and integrity. When senior leaders act in ways that are contrary to these values, employees’ belief in the company’s integrity plummets. The importance of tone at the top can’t be underestimated; failings in this regard are disastrous.

This whitepaper from Tom Fox looks at the DOJs Feb. 2017 evaluation, which is an 11-part list of questions that encapsulates the DOJ’s most current thinking on what constitutes a best practices compliance program.

ISO 37001 specifies requirements and provides guidance for establishing, implementing, maintaining, reviewing and improving an anti-bribery management system. There is, of course, good cause for businesses in India to adopt the new standard, but it’s likely that there will be some staunch opposition to the change.

A new world of opportunity for community banks may be opening up this year, as new Federal Financial Institutions Examination Council (FFIEC) rules for smaller community banks take effect. The new rules should lessen the regulatory burden community banks face – a welcome change, given that these institutions have been fighting for survival for the past decade.

A common discussion taking place across all enterprises today is the need for digital transformation, a change from legacy to digital processes and procedures. While many of the benefits of modernization relate to improvements in efficiency and productivity, there are several core compliance benefits, as well.

The consequence of doing business with a supplier involved in human trafficking is dire from a regulatory standpoint. But how do you know if your supply chain is compromised? Robust due diligence is imperative, and there are a number of tools and technologies available to help.

Compliance training is met with moans and groans by employees. It is always seen as a necessary evil. But does it have to be viewed that way? Compliance training expert Ayesha Omer knows better: there are plenty of ways to make it more purposeful and engaging. Read on for tips and strategies to do away with boring compliance training.

Scores Run the Gamut Each year, Transparency International publishes the Corruption Perceptions Index, a ranking of the world’s nations according to perceived public-sector corruption. Most countries performed poorly in 2016, with the global average score at 43 on a scale of 100. Wendy Wysong and Nick Turner offer an analysis on the Asia-Pacific region. By: Wendy Wysong and Nick Turner Transparency...

“Collaboration, not Subordination” Captive compliance programs are hamstrung programs. Compliance officers who enjoy independence and are able to collaborate with legal, HR and other key business teams… they’ll be far more effective. We’ve long discussed the need for compliance officers to have a seat at the table. It’s time for businesses to graduate to Compliance 2.0. By: Donna Boehme I...

Predictions on the FCPA Front The U.S. government is in a state of flux; with a new President comes a barrage of new appointments. Some systems are being dismantled and the Trump administration has put some key legislation in its sights. Much is changing, but at least one thing remains constant: regulatory compliance must continue to be a priority for...

What’s the value of a robust ethics and compliance program? Michael Volkov suggests looking at compliance from a different perspective. An organization committed to integrity in all of its operations is trustworthy – both to its partners and to its clients or consumers. Therefore, a strong E&C program is a real marketing advantage.

To succeed in today’s economy, businesses must consider trust. For new companies, that often means building trust from scratch with customers, vendors and other stakeholders. For established businesses dealing with significant challenges, restoring trust is crucial. Different mechanisms can help cultivate trust, and it’s important to understand the principles of trust that hold societies together and learn from events that...