Compliance

There are plenty of examples of executives and other senior leaders being complicit in wrongdoing – and even actively involved in a cover-up. When this happens, the CCO’s job is at risk. He or she is possibly most likely to find and expose the corruption. And this isn’t the only threat to CCOs. It’s prudent for compliance officers to protect...

Teams developing software in regulated environments face a major challenge: defining comprehensive, high-quality software requirements for regulatory compliance is critical. This article offers eight best practices to support compliance and ensure project success.

At the heart of the compliance focus with social media channels is the balance between personal and business orientation for each of the various channels – namely LinkedIn, Twitter, and Facebook. The potential co-mingling of personal and business content as a result of using the same social media channel and persona for both raises some interesting issues, however…

For years, there has been talk about the need for organizations to adopt a “culture of compliance” where following the rules means embracing the spirit of them. We offer some real world ways to “bake” compliance into your organization to ensure employees do what's expected, and what's right, even when nobody is looking.

Volkswagen’s scandal around its false emissions data and the barrage of headlines that go with it underscore the importance of managing compliance risks and integrity in companies of all sizes. Although the scandal prompted questions about the company culture, it also highlights the difficulty of locating risk across an organization.

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.

The Department of Justice launched an initiative to encourage self-reporting of FCPA violations, promising up to 50 percent reductions in fines for qualifying companies. Will the initiative succeed, or are the costs too high and incentives too uncertain for companies considering self-disclosure?

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.

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.

On Sunday the world got a peek into how and where the ultra rich and dozens of current and former world leaders hide their wealth, and the fallout has already begun. Given the ethical implications of being outed in the leaks, government officials and leaders at organizations including FIFA and Transparency International who’ve been named are coming under fire.

Risk and compliance self-assessments aren’t the truest indicators of actual risk exposure. So you could say there’s an inherent risk in performing a risk self-assessment. Not only is there no real science behind them, the outcome of an RCSA is entirely subject to one’s memory. A self-assessment can be a good jumping-off point, but it can’t be your sole method...

When faced with an allegation of corruption and a related investigation, your organization will be better protected by a strong compliance program – and one that requires staff to document their actions, reasoning and good faith effort to act in keeping with the law and the program. Proving corrupt intent can come down to inferences, and it’s best not to...