Compliance

No corporate executive (who wants to keep his job) would deny the need for strong financial controls, business ethics, and risk management. But as the old adage goes, actions speak louder than words. The climate executives set is based on more than the mission statement. An organization’s approach to ERM and its commitment to doing business ethically is what really...

Zero-tolerance policies may sound good on paper, but there are endless examples of how zero-tolerance policies have been applied to absolutely absurd effect. Robert Zafft offers an alternative approach for corporate compliance programs – one that takes the focus off of severe penalties and instead stresses continuous improvement in processes and corporate culture.

What is risk? Ask a handful of risk managers, and you’re likely to hear some pretty different explanations, most of which will be focused on objectives rather than on plans for achieving those goals. The good news is that while human capacity falls short, risk-intelligent systems knowledgeware will enable organizations to better predict, prevent, and mitigate risk. And the future...

Since news of the Panama Papers leak broke several weeks ago, fallout has been felt far and wide. Heads of state have stepped down and several governments are stepping up their enforcement efforts. But not every party involved is feeling the pinch: a Swedish tech startup has the leak to thank for its big break. Here’s the biggest Panama Papers-related...

Compliance is about NOT fitting in. Instead of being thought of as in line with or behind safety, security, sales, innovation and countless other issues a company needs to address, compliance needs to stand out and rebrand itself. Compliance training guru Nicole Rose offers several strategies for making compliance front of mind at your organization.

Having just obtained licensing approval, your company is now an official licensed entity in the U.S. Welcome to the world of license maintenance, regulatory compliance and regulatory reporting. An expert from Chartwell Compliance offers a primer on managing your licenses and staying in compliance going forward.

Corporations wishing to develop on or otherwise use property classified as wetlands must first obtain permitting from the U.S. Army Corps of Engineers. Failing to take this necessary step could mean noncompliance with the Clean Water Act. The definition of “wetlands” in the CWA is notoriously vague, however, so what happens when a company disagrees with what constitutes protected lands?

Earlier this year, Colombia’s government enacted an anti-bribery law that increases corporate liability for acts of corruption domestically and abroad. Companies found in violation of the law will be subject to steep penalties. Individuals aren’t off the hook, however; those found guilty still face potential imprisonment.

If everyone is responsible for managing risk at your organization, you’re probably in for a bumpy road. Senior leaders have a different perception of what’s most critical than do front-line staff, so their approaches to risk management would naturally be quite different. It’s best to leave the job of risk discovery, assessment and mitigation to the pros.

Archives contain a wealth of information about an organization – data that can be analyzed in order to gain intelligence about an organization and deep insight into its operations. Consequently, instead of deploying and maintaining an archive solely for defensive purposes, next-generation archiving solutions can be deployed to mine meaningful data from archived information in order to help decision makers...

Several months after the DOJ’s announcement of its intention to focus on prosecuting individuals responsible for corporate misdeeds, the impact of the Yates Memo is being made clear. If corporations want cooperation credit, the DOJ expects FULL cooperation. The problem is that the DOJ’s all-or-nothing approach makes companies reluctant to cooperate.

Are the problems revealed by the Panama Papers anything new? Absolutely not. Unreported offshore accounts are hardly a novel phenomenon. If it’s an original approach you’re looking for, here you have it: from now on, banks and financial service firms will be required to exercise prudent skepticism when performing due diligence.