The Network GRC Blog

The Value of Compliance Metrics

April 12 2012

Dan Murphy, VP of Business Development, The Network

Compliance Metrics “The conventional wisdom is that what gets measured gets managed. But apply that wisdom to the question of measuring effectiveness of an ethics and compliance program, and things start to get a bit fuzzy.”

That’s how the Compliance Week article “Measuring the Effectiveness of Compliance” starts off, and it couldn’t be more true. As the story points out, you can’t always know when you’ve prevented a problem from occurring. But maybe it can be looked at this way: you don’t always know when you’ve done things rights, but you’re sure to know (or be told) when you’ve done it wrong.

That’s the value of a compliance…

Lessons in Ethics from University of Arkansas

April 11 2012

Rudy Cortjens, Account Manager, The Network

unethical coaching Is winning really everything? What concerns me most about the current news from The University of Arkansas football program is the mentality I’m seeing from the fans, that just because a coach can win, he is held to a different standard. We have seen this mentality in the business world over the years and each time it has led to failure. Rather than focusing on what is assumed to be an inappropriate relationship, or the questions surrounding Petrino’s moral compass, we should consider the ethical dilemma in which the University now finds itself. Ethically speaking, there are two key issues:

1. As a state employee, Petrino should be held…

Use Self-Assessment to Find Your “Interior Tensile Strength”

April 10 2012

Cindy Knezevich, VP, Marketing Operations, The Network

Compliance Self-Assessment When we talk about “compliance management,” we think in terms of the proactive and reactive ways in which we assess the state of compliance. Reactively, it means taking a call on an ethics hotline because of an employee issue involving your policies. Proactively, it means conducting risk assessments and surveys to gauge our level of risk preparedness and prevention. We look back at what happened, or we look ahead to what might happen. But how often do we look within?

There is such a thing as compliance self-assessment, and I don’t believe any of us, as individuals or as organizations, do enough in…

The SEC is Bringing Ethics to a Boardroom Near You

April 06 2012

Cindy Knezevich, VP, Marketing Operations, The Network

SEC & Ethics It’s refreshing that the SEC is willing to work one-on-one with senior leadership at some of the largest financial firms in an effort to help those organizations stay in compliance. It’s encouraging that the SEC is also taking the approach that corporate culture, especially a culture of ethics, goes a long way to drive compliance.

Carlo di Florio, who runs the Office of Compliance Inspections and Examinations for the SEC, has made mention of an integrated approach to GRC numerous times in the recent past, and that’s even more encouraging. A blog posting on Reuters’ Financial Regulatory Forum quoted di Florio as…

Risks in the Ether

March 28 2012

Jimmy Lin, VP, Product Management & Corporate Development, The Network

Cyber Risk We’ve all seen and heard about “cyber attacks,” companies getting their data systems hacked into or individuals knowingly or unwittingly compromising data security. It’s a real problem that companies must consider in their business plans and activities, from their social media policies to training on protecting a company’s assets to what needs to happen should a data breach occur.

Effectively managing risk in the age of cyber threats is not only a vital part of today’s corporate landscape – it’s also the name of a new white paper from Deloitte. “Risk Intelligent governance in the age of cyber threats” talks about how companies…

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