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Mylan’s Lessons on Silos & Risk

mylan

Compliance officers often worry about the threat of siloed risk management, where one part of the enterprise is addressing a risk without keeping other parts fully informed. The Securities and Exchange Commission recently served up a good example of how that threat comes to pass, in the case of Mylan and its improper charges for…

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Compliance and Careers Amid Corporate Upheaval

change

This week I was in Denver attending the Converge 2019 conference hosted by Convercent, and as one might expect, lots of the sessions there focused on how to apply technology to compliance programs.  For my money, however, the most interesting session explored something quite different: how compliance officers can navigate their careers amid upheaval at…

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Some Points on Why People Stay Silent

silent

Ethics and compliance officers often need to consider the psychology of whistleblower retaliation and the culture of silence around corporate misconduct. Why do groups of people tolerate things they know are wrong? Why do people punish those who sound the alarm, rather than join them in defense of what’s right?  As you ponder those questions,…

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Building Compliance at Georgia Tech

Today we have another Radical Compliance podcast interview, this time talking with Ling-Ling Nie about how she is trying to build the first formal ethics and compliance function at Georgia Tech. Nie joined Georgia Tech last March after a distinguished career in the corporate sector. Her objective since then has been to build a formal,…

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Professional Development on No Budget

development

Professional development is crucial for every compliance officer. Either you need it yourself, to better understand the issues in our field; or you need to provide it to your team, since that’s part of your job as chief compliance officer.  So how does one devise professional development opportunities under what we’ll call an “extremely limited”…

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Sharp(ie) Insights Into Speakup Culture

We return today to leadership lessons from President Trump, who has given us another example of how not to lead large organizations. Compliance professionals who care about developing a speakup culture should take note, since Trump’s behavior illuminates several important points about the relationship between CEO and employees. The incident in question is, of all…

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Study Law to Advance Compliance Career?

law

The other day I was speaking with a compliance professional who had taken a few years to pursue other ventures, and is now looking to get back into the field. She’s been having some frustrations with her job search, and asked: Is there a new trend of companies demanding a law degree for compliance work?…

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A Better Understanding of Estimates

estimates

Last month the PCAOB published fresh guidance on how to audit accounting estimates. Today let’s take a deeper look at what that guidance says, because the principles it recommends can be quite useful for compliance and risk officers too. To begin with the obvious: Yes, this guidance is written for audit firms that are inspecting…

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Thoughts on SEC Rulemaking Push

sec

Compliance officers, we need to talk about the Securities and Exchange Commission. Something’s happening there.  The latest sign of this came earlier this week, when Democratic commissioner Robert Jackson said that he now plans to stay in his job at least through the fall, and possibly longer. Earlier this year Jackson had signaled that he…

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Out: New Book on Compliance Training

development

Corporate compliance professionals have another book to consider putting on the shelf, this one exploring how to build a good training program in our era of digital communications and invigorated regulatory scrutiny.  The book, Creating Great Compliance Training in a Digital World, is from Kirsten Liston. These days Liston runs Rethink Compliance, a consulting firm…

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