With so many articles available every month, it’s possible that a few got buried in either your inbox or the bowels of the blogosphere. Here are ten articles you don’t want to miss:
The U.S. DOJ and the SEC spoke the unspoken advice and officially advised corporations against extending internal bribery investigations for prolonged periods of time. Some companies pour copious amounts of time and money into investigations that actually have slowed the work of the DOJ, echoed Assistant Attorney General Leslie Caldwell. Certain organizations may feel as though they’ve suffered a case of whiplash; to prove cooperation and in-depth investigation, larger corporations may be brought to several points on the globe to investigate any wrongdoing that may have been just slightly unearthed. This redirect to compile plans for more efficient case investigations over tireless ones will lead to a culture of the government organizations looking into prosecutions of more and more individuals, instead. Read more…
Many organizations are already taking steps toward Compliance 2.0 by moving the CCO to the C-suite, providing the CCO oversight into compliance risks across the entire organization and both preserving and defending the CCO’s independence as a key manager of the company’s culture. Compliance experts Donna Boehme and Michael Volkov provide four steps boards should make sure their companies are taking as they move towards Compliance 2.0. Read more…
Have your employees checked their work email during non-work hours? This is a scenario that applies across so many industries that the Wall Street Journal stated that “company-issued smartphones have obliterated the line between the workday and off hours.” This suggests that wider-spread wage and hour training might be necessary, or updated to address this topic. A number of lawsuits have already been filed around companies that “expect nonexempt employees to work unpaid and off hours on digital devices, in violation of the Fair Labor Standards Act.” Read more…
Richard shares the results of several surveys conducted by The University of Notre Dame, Labaton Sucharow LLP and The Network. These surveys show that incentive packages are often developed independently of compliance programs. As Richard points out, “The ramifications of that result are disturbing to say the least, as demonstrating that compliance and compensation remain in organizational silos.” Read more…
Our friend Tom Fox recently wrote a whitepaper for us on the topic of how compliance should prepare for and respond to economic downturns. He wrote further on the subject on his blog in a series entitled, “Economic Downturn Week.” Here’s an excerpt:
“This week I will present a series on steps that you can take in your compliance program if you find yourself, your company or your industry in an economic downturn. All of the recommendations I will make are ideas that have been put into action by companies currently facing these issues. They are ideas that you can use if you have scarce or lessened economic resources for your compliance function.”
OCEG and The Network
When you’re thinking about how to measure the effectiveness of your compliance training program, you may already have some of the more obvious metrics in place, such as completion rates for compliance training courses or policy certifications. But how do you measure communication and awareness? As Scott Mitchell, OCEG Chairman, points out, there’s a lot more to employee education than just training courses. In this video, OCEG Chairman Scott Mitchell and Jimmy Lin, Vice President of Product Management and Corporate Development at The Network, discuss additional items you may consider measuring when evaluating your ethics and compliance training program. Watch now (or read the transcript)…
There’s no doubt that whistleblowers have noteworthy financial incentives to report to the SEC, and that companies have a legal minefield to face when dealing with whistleblowers. This article is Part 1 of a three-part series aimed at helping companies navigate the new whistleblower landscape. Read more…
(Looking for even more info on this topic? In our recent whitepaper, Embracing Whistleblowers: Understand the Real Risk and Cultivate a Culture of Reporting, we share insights into the profile and motivations of the average whistleblower.)
Harvard Business Review
When an employee is deciding whether or not to report misconduct, he likely asks himself the three questions this Harvard Business Review article addresses: “How do I know whether it’s worth speaking up or not? Can I protect myself from potential consequences of calling out bad behavior? And when I do decide to say something, what do I say and to whom?” Amy Gallo dives into the research around why employees report… And more importantly, why they so often don’t. Read more…
Ever wonder how other CCOs handle the compliance challenges facing their companies? Yeah, us too. This is the first interview in a new series by Corporate Counsel that will address just that question. The first interviewee is Andy Hinton, CCO of Google. Read more…
Harvard Business Review
The title is maybe overly simplistic, but the author makes a good point, “Many, if not all, business leaders would agree that knowing what happens within your company is a prerequisite for business success… [Yet] companies often do not know what’s going on in their own offices, which can severely damage their reputation.”
The author provides several case studies, as well as guidance as to what will make your company safe, if compliance alone can’t do it. Read more…
Share Your Thoughts with Us!
What other articles would you share with your colleagues in the ethics and compliance industry? You can join the conversation by commenting on the blog, messaging us on JDSupra or messaging me directly on LinkedIn.
For More Information About Ethics and Compliance, Check Out These Resources:
- Blog Post: What’s The Best Channel for Corporate Compliance Training?
- Blog Post: Why Reputation Risk is Quickly Climbing the Ethics and Compliance Priority List, Part 2 | Beyond Compliance Training
- On-Demand Webcast: Compliance Agility: Managing Privacy in a Dynamic Environment
EVENT| Ethics & Compliance Exchange 2015 – St. Louis
Evolving The Compliance Function is a complimentary, half-day event for a limited audience in the St. Louis area, where you’ll have the chance to engage in a discussion led by ethics and compliance experts Kathleen Edmond, Partner at Robins Kaplan, and former Chief Ethics Officer for Best Buy. Sign up today to save your seat.