Whitepapers

Deloitte’s Board Practices Quarterly: 2021 Boardroom Agenda

Deloitte’s Board Practices Quarterly: 2021 Boardroom Agenda

As many companies continue to pivot quickly in response to unanticipated events that unfolded due to the pandemic, board agendas are becoming more complex by the day. The recently released second issue of Board Practices Quarterly – conducted by Deloitte in collaboration with the Society for Corporate Governance – provides an extensive look at some of the key areas and trends...

global map with land masses in green

2021 Global and Regional Trends in Corporate Governance

This year, as in the previous five years, Russell Reynolds Associates interviewed over 40 global institutional and activist investors, pension fund managers, proxy advisors and other corporate governance professionals to identify the corporate governance trends that will impact boards and directors in 2021. This year's trends include: Climate Change Risk Diversity, Equity & Inclusion (DEI)...

Hogan Lovells: Global Bribery and Corruption Outlook 2021

Hogan Lovells: Global Bribery and Corruption Outlook 2021

As we enter 2021 with considerable uncertainty, a new report from Hogan Lovells highlights expectations for a year that will be shaped by ongoing political disruption and pandemic-related pressure. Despite these unpredictable times, Hogan Lovells attorneys have identified several unifying trends across key industries and jurisdictions globally, including: An expectation for continued cross-border enforcement activity...

Boeing Fraud Enforcement Action

Boeing Fraud Enforcement Action

One of the top corporate scandals over the past few years entered its next phase with the settlement by the DOJ with Boeing around its fraud in the certification of its 737 MAX aircraft. Tom Fox offers background (including the company laying blame at the feet of the pilots, despite knowing of flaws in the...

Allianz: Risk Barometer 2021

Allianz: Risk Barometer 2021

A trio of COVID-19 related risks head up the 10th Allianz Risk Barometer 2021, reflecting potential disruption and loss scenarios companies are facing in the wake of the coronavirus pandemic. Business interruption (BI) (41 percent) and pandemic outbreak (40 percent) are this year’s top business risks, with cyber incidents (40 percent) ranking a close third. The annual...

man working on smartphone and laptop

Adverse Media Screening: Relying on Google Alone Can Expose Organizations to Risk

Regulatory agencies around the world emphasize the importance of mitigating risks through adverse media screening. In fact, screening for negative news has become an important component of a comprehensive program to determine the level of risk that customers, prospects and business partners may pose to organizations. But relying solely on free search engine data to...

AICPA: Implications of Blockchain in SOC for Service Organization Examinations

AICPA: Implications of Blockchain in SOC for Service Organization Examinations

The American Institute of CPAs (AICPA) today issued a new whitepaper to help auditors providing SOC for Service Organization (SOC) reports on organizations that have incorporated blockchain into their service delivery systems. The paper examines the skills and competencies auditors need to perform such engagements, the unique features of blockchain, the risks associated with using blockchain, and...

Vitol logo broken in half

The Vitol Enforcement Action

If there was ever a question about energy traders and FCPA risk, a recent FCPA enforcement action against Vitol answers it once and for all. Tom Fox outlines the bribery schemes and corruption in Mexico and Ecuador, as well as the penalties assessed. Interestingly, this action marks the DOJ’s first coordinated FCPA resolution with the...

Protiviti & ISACA: IT Audit Perspectives 2021

Protiviti & ISACA: IT Audit Perspectives 2021

Global consulting firm Protiviti recently released the findings from its latest study, “IT Audit Perspectives: Top Technology Risks in 2021,” which reveals that concerns around security, privacy, cloud and other advanced technologies are being further fueled by the pandemic-induced remote work environment and accelerated deployment of new technologies. The study, conducted in partnership with ISACA, surveyed over 7,400 IT audit...

Intelligize: 2021 Playbook on ESG Shareholder Proposals

Intelligize: 2021 Playbook on ESG Shareholder Proposals

In a tumultuous year in which a global pandemic, a racial justice movement, and a contentious presidential election have gripped the United States, corporate shareholders are engaged in environmental, social and governance issues as never before, according to a new report by Intelligize, the industry-leading provider of corporate compliance management solutions. This ESG-focused playbook from Intelligize...

Allianz: D&O Insurance Insights 2021

Allianz: D&O Insurance Insights 2021

Today Allianz Global Corporate & Specialty has released a new report on the state of the D&O insurance market. D&O Insurance Insights 2021 highlights market challenges and five D&O mega trends facing companies in 2021. Rising insolvency exposures, growing cybersecurity threats and persistent securities class-action activity are among the key risks for which D&Os could be held liable....

Cover image for Aligining yyour compliance program with latest DOJ guidance

Aligning your Compliance Program to the Latest DOJ Guidance

There's no question that the new guidance has raised the bar for compliance programs, including placing substantial emphasis on continual data-driven improvement and an increased focus on appropriate investment -- even as organizations worldwide are challenged by workforce, operational and business disruptions. It seems clear DOJ seeks to encourage remedial efforts to address weaknesses in...

Oversight: Spend Insights November 2020

Oversight: Spend Insights November 2020

As we move into the next season of the COVID-19 pandemic, businesses are still seeing a dramatically reduced amount of employee spend on travel (T&E) But a new report shows risk for businesses tripled when looking at year over year Q3 spending. Why is risk rising dramatically against a backdrop of reduced spending and what should business leaders...

silhouette hands handing over money

J&F FCPA Resolution

Tom Fox details the bribery scheme at J&F Investimentos SA (J&F), a Brazil-based investment company, the company's FCPA violations and the following DOJ resolution and SEC settlement. Given the inventive ways J&F engaged in bribery and corruption, compliance practitioners would do well to study this particular case.   Download the full whitepaper below.

handing money off under the table

The Criminal FCPA Plea by Sargeant Marine

Sargeant Marine Inc. recently pleaded guilty to conspiracy to violate the anti-bribery provisions of the Foreign Corrupt Practices Act, with the wrongdoing carried out by the company's employees and agents in Brazil, Venezuela and Ecuador. Tom Fox details the bribery schemes, the penalty Sargeant Marine incurred and the guilty pleas and offers takeaways for boards...

The Herbalife FCPA Enforcement Action

The Herbalife FCPA Enforcement Action

Consider the Herbalife FCPA enforcement action a case study in why multiple redundancies are important. Unless the whole of the organization is corrupt, eventually someone will notice misconduct and compliance violations. In Herbalife’s case, the company’s bribery scheme spanned 10 years and stretched right to the top of the organization. Tom Fox mines the Herbalife...

Deloitte’s Board Practices Quarterly (September 2020)

Deloitte’s Board Practices Quarterly (September 2020)

Deloitte and the Society for Corporate Governance are pleased to announce the collaborative launch of the Board Practices Quarterly, a new series of periodic reports based upon brief surveys of Society members. The Quarterly replaces the long-standing Board Practices Report to offer insights and benchmarking data more frequently. The landmark events of 2020 surrounding systemic racism and racial...