Compliance

It’s absolutely critical that the Chief Compliance Officer and the Board of Directors work together to achieve a culture of ethics and compliance. With the Board’s backing, a CCO’s influence is far greater. Establishing that relationship, however, may be a daunting proposition. Michael Volkov outlines five steps to build this key bond.

FLSA litigation has dominated federal court dockets for more than a decade, but little attention has been paid to the agreements used to resolve such litigation. Unique policy considerations mean special rules apply. In today's post, the first installment of this three-part series, we explain these rules and the rationale underlying them.

There are a host of rules and restrictions around what can -- and more to the point, can't -- be asked when interviewing candidates. Questions about ethnicity, religion, disability, marriage status and parenthood are off-limits. Trying to get at any of that information in a round-about way is no safer. Better to stick to inquiries directly related to the job.

Compliance managers understand the need for stringent protection of employee medical and health information. Managers may not understand, though, that in many cases, requirements to assemble information about workplace injuries and illnesses outweighs the need for such protections. So where do OSHA reporting requirements and HIPAA rules part ways?

Doing business out of state or planning to expand your operations? If so, it is important to determine the need to register and obtain a Certificate of Authority with every state in which you conduct business. Doing so will help to ensure that you avoid fines and other penalties such as being barred from using a state’s court system.

Implementing a GRC technology solution can be a boon for your business. That is, if it's done with an appropriate, well-thought-out approach. Deloitte's Tim Cercelle, an Advisory director in the firm's Regulatory & Compliance group, offers key strategies to ensure your GRC tool works for you, and not the other way around.

One of the greatest challenges corporate compliance practitioners face is securing buy-in from staff on compliance objectives, as well as their participation in meeting these goals. To do that, the compliance function can't be viewed as "The Land of No," but as a valued partner in the success and profitability of the business. So where do we begin?

If you want an ethics and compliance program that's more substantive than the paper it's printed on (and you do), take note: effective E&C programs don't materialize out of thin air; they require some intentionality. Compliance expert Renata Andrade offers up six characteristics of a solid ethics and compliance program. Does yours make the grade?

Anti-money laundering programs can fail for any number of reasons. In Michael Volkov's experience, most failures in AML compliance can be traced back to at least one of five core shortfalls. The planets don't have to be perfectly aligned for an AML program to work well, but it does require a concerted effort, from the top of the organization to...

A short film on Richard Bistrong's journey through the dark side of international business, “getting caught” and what that might mean for today’s compliance challenges.

Today Roetzel & Andress attorney Amanda Knapp brings us two vastly different examples of corruption investigations: one a cautionary tale, exposing the consequences of hiding corruption and impeding the investigation once it's found out and the other an encouraging tale, illuminating the benefits of forthrightness and cooperation with the DOJ when corruption is discovered.

Whatever your company's stance on to whom the Corporate Compliance Officer should report, what's not in question is that the CCO must be able to act from a place of authority. Strip the CCO of his power and influence, and your compliance program is bound to fail. Tom Fox walks us through five key indicators that a company is setting...