Internal audit professionals, fire up your keyboards. The Institute of Internal Auditors is calling for public comment about possible updates to its Three Lines of Defense model of risk assurance. The proposed updates are now available on the IIA’s website. You can download, read, and ponder them at your leisure; and start offering feedback on…
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This week I had the good fortune to attend a luncheon of compliance professionals here in Boston, where we talked about the Justice Department’s new guidelines for evaluating the effectiveness of compliance programs. Our host was Vincent DiCianni, founder of Affiliated Monitors, and he hit upon a great point about what really matters for successful…
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The Compliance Jobs Report this week moves from Groupon (losing its CCO) to Walgreens Boots (new anti-corruption chief), to more personnel moves at Convertus, Huntington Bank, a bundle of Brazlian businesses, and elsewhere. We have work anniversaries to celebrate, job openings to note, and our Meme of the Week goes out to Code of Conduct…
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Here’s a clever way for activists to force an awkward policy fight at a corporation: an asset management fund wants a California software firm to report on the risks of omitting gender identity and sexual orientation from its employment policies — and the Securities and Exchange Commission has ruled that yes, the company has to…
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Well here’s a risk one rarely sees in our line of work: the chief audit executive of the South African Broadcasting Corp. dodged a shooting in Johannesburg over the weekend that the company is calling an assassination attempt. Thami Zikode, head of audit at SABC since 2017, left his office in the Auckland Park neighborhood…
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Another big Compliance Jobs Report this week! We have shakeups at Deutsche Bank and Conduent, a new chief compliance officer at Unisys, a bunch of appointments in higher education, and much more. Lyft is building up its ethics and compliance team; we have a few other job openings of note, and our Meme of the…
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You can learn a lot from Google — including, apparently, how corporations might approach the delicate matter of ethics and artificial intelligence. Because Google tried exactly that not long ago, failed in a painfully public way, and raised numerous AI lessons for ethics and compliance professionals to consider before your company tries this at home.…
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Here’s a tale of corporate misconduct on the high seas that compliance officers will want to see: Carnival Corp. has agreed to pay a $20 million fine and hire a chief compliance officer for violating a corporate probation agreement over environmental pollution. The headline is that Carnival had agreed in 2017 to a court-appointed compliance…
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The Securities and Exchange Commission handed out a $3 million whistleblower award on Monday to two whistleblowers who first tried to report and fix their firm’s misconduct internally — yet another sign that the SEC is at least trying to nudge whistleblowers to work with corporate compliance departments. In another twist, the SEC also waived…
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Boeing’s missteps with the 737 Max jet offer many powerful lessons for corporate compliance, audit, and risk executives. Our latest lesson comes from an in-depth article in the New York Times, examining the decisions Boeing made about the jet’s design and subsequent pilot training, and the terrible consequences that followed. Every compliance and audit professional…
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Technically, Radical Compliance is the personal blog of Matt Kelly, long-time writer and observer of the corporate compliance and GRC scene. I was a writer, editor, and publisher at Compliance Week, 2003 through 2015; some of you may know me from my career there. I also speak frequently at compliance conferences and other events, and will pretty much shoot the breeze on any compliance topic with anyone who asks.