Recent Compliance Scandals: Where Will They End?
Article Summary
Banks, financial institutions and trading companies are being called to task for these deep systemic issues that have led to a corruption of ethics. If bankers want to stop banker-bashing, they need to change their ethics themselves before someone else does it for them. It is clear that these institutions face a choice but only time will tell which road they take: Will it mirror the road France took when it enacted an enlightened Republic or the road it took when the Terror reigned?
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Your Corporate Compliance and the Corporate Integrity Agreement
Article Summary
Management that turns deaf ears when subordinates report false billing or illegal marketing in dealing with federal or state governments can unleash a torrent of financial and reputational harm on the company. Indeed, that scenario is just the sort of situation that can turn into a full-blown, multi-million-dollar whistleblower settlement
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FCPA Compliance Monitoring: Catching the Red Flags
Article Summary
Many organizations overlook their ERP system as a “data-driven” line of defense. It is a transaction-based system that, if properly managed, can assist in preventing corporate failures or capturing illegal activities that can cripple an organization. It’s designed to protect an organization, small or large, private or public, from illegal activity
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Avoiding Complacency: Why Constant Testing is a Necessity for Effective Compliance and Governance
Article Summary
Even if a corporation sets out to establish a state-of-the-art compliance program with all the bells and whistles, it may still find itself without effective compliance if it fails to regularly assess the efficacy of that program. Hogan Lovells’ Stuart Altman sets forth some basic steps to comply with the dictates of the Sentencing Guidelines and other laws that your compliance program will be evaluated and tested on regularly.
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The Board of Directors & Compliance: 4 Ideas for Improving the Effectiveness of & Reducing the Risk to Directors
Article Summary
A number of high profile corporate scandals at some large and supposedly sophisticated companies have, if nothing else, driven home the fact that no matter how strong you think your corporate compliance and ethics program is, the risk of failure is still there. This month I want to look at this issue from the standpoint
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