Compliance

The merits of maintaining a culture of ethics and compliance are obvious -- and many. And yet some companies devote little attention to ethics and compliance, focusing in stead on financial performance (though the two concepts certainly aren't mutually exclusive). Here are our signs of a weak culture of ethics and compliance. A primer on what not to do, you...

When the compliance function isn't fully integrated into a company's DNA, there's bound to be a clash of priorities. In these cases, it's often financial objectives that take precedence. As we all know by now -- and pardon the throwback to Compliance 101 -- that simply won't do. Paper compliance programs don't cut the mustard. DOING compliance is where it's...

Author Jim DeLoach explores four themes for implementing enterprise risk management (ERM), noting that executives often ask two questions about ERM: “Where do we start?” and “What do we do differently?” These two questions demand a pragmatic response, which DeLoach provides in this compilation of thought leadership articles.

A strong tone at the top is essential to maintaining a culture of compliance. Equally as important, however, is tone in the middle. If your middle managers don't understand or aren't on board with a commitment to operate with integrity and in compliance, the message they project to their teams won't likely be reflective of the organization's values. Are your...

There's no doubt that there are benefits to bribery; if there weren't, corruption wouldn't be such an issue. It's just as plain that the costs of bribery can be great when individuals or companies are caught in the act. Michael Volkov posits that the most rational decision organizations can make when tempted with bribery -- despite the potential gains --...

Newsflash: compliance programs are only effective when they're being put into practice. Having a paper compliance program is no kind of defense... just like claiming to be abstinent while acting otherwise didn't keep Bristol Palin from her latest pregnancy. And like Ms. Palin, some will find there are consequences of SAYING you're adhering to the compliance program but not walking...

Medical device firms have long loaned hospitals their equipment rent free with the understanding that the institutions will give them a certain amount of business in other areas. While this business model is pervasive in the health care industry and has generally gone unchallenged, it may in fact be a form of bribery. The risks with this arrangement are many,...

An effective compliance program is predicated on trust; without employees' trust in their compliance officer, the compliance function is unlikely to be regarded seriously. This is especially true in Latin America, where building strong relationships and engaging staff face to face is of utmost importance. No "tick box" compliance programs welcome here.

Baseball's St. Louis Cardinals are being investigated by the DOJ and the FBI for allegedly hacking into the Houston Astros' database. You read that right. One of the National League's best performing teams was after the secrets of one of the worst teams in the League. In a world where successful entities attempt to steal data from their least viable...

The fact that the question is even asked means the answer must not be evident. In his latest white paper, Tom Fox takes on the FIFA scandal and its implications for all of us.

Companies can derive significant value from human capital management (HCM) compliance systems, but relatively few have HCM technology solutions in place. Many that do rely on too many tools. The general consensus is that most organizations could benefit from better systems in order to simplify human capital management and drive efficiencies.

Following a lawsuit filed against the FDA by pharmaceutical manufacturer Amarin, the agency responded last week in a letter addressing the complaint. Amarin alleges that the FDA has overstepped its bounds, restricting the company's right to free speech in its promotion of off-label uses for Vascepa. The FDA has countered, but it seems they're not speaking the same language.