Posts Tagged ‘corporate culture’

Adventures in Ethics and Social Media

Ethics and compliance officers might believe that this weekend’s standoff on the steps of the Lincoln Memorial, between high school student Nick Sandmann and Native American activist Nathan Phillips, has nothing to do with their profession — no larger lessons for Corporate America, no insights about ethics worth our consideration. We’d be wrong. As messy…

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Nine Compliance Issues for 2019

2019

Welcome to 2019, everyone! The federal government may be shut down, but corporate compliance never stops. Now that we’re done returning Christmas presents and deleting emails clogging our in-boxes, our thoughts turn to how the corporate compliance landscape might evolve in the coming year. Without further delay, then, my annual list of compliance issues that…

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CBS, Part II: It Gets Worse

cbs

We have an update to our first post about CBS earlier this week, examining the mistakes CBS and its chief compliance officer made while handling a whistleblower retaliation claim from actress Eliza Dushku. Dushku has now elaborated on the harassment she experienced on set for the show Bull, and her tale makes the judgment of…

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CBS Compliance, Culture Under Fire

cbs

Ethics & compliance officers may want to watch the latest corporate governance scandal unfolding at CBS, where the broadcaster’s chief compliance officer seems to have played the starring role in a whistleblower retaliation claim that cost CBS $9.5 million — and reminds us, yet again, how perilous it can be to subordinate ethics and compliance…

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Holy Grail: Study Ties Internal Reporting, Business Outcomes

internal reporting

Important new academic research published this week empirically confirms something most corporate compliance officers have long suspected: a clear correlation between more internal whistleblower reporting and better business outcomes. The research, from George Washington University and the University of Utah, examined anonymized whistleblower hotline data compiled by NAVEX Global. Basically, the researches devised several benchmarks…

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Michigan State Reorgs Compliance Again

Michigan State

Breaking news from East Lansing, Mich., today: Michigan State University has reorganized its office for ethics and compliance just four months after the department was created, consolidating the office into the university’s existing internal audit function. We last saw Michigan State blundering around the compliance world in June, when acting university president John Engler said…

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The Omarosa Compliance Lessons

Omarosa Maingault-Newman

Like so many other Americans this week, I’ve been both captivated and annoyed at Omarosa Manigault-Newman’s disclosure of conversations she secretly recorded at the White House. Worse, the more I watch this latest episode in the drama-rama otherwise known as the Trump Administration, the more I find valuable lessons for corporate ethics and compliance officers.…

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Another Compliance Lesson From Michigan State

Michigan State

One of the most painful failures to watch in corporate compliance this year has been the tragedy at Michigan State University: a culture of sloppy procedures and aimless oversight that allowed Larry Nassar, a doctor affiliated with the school, to assault hundreds of girls and young women for nearly 20 years. Nassar is spending the…

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SEC Talks Culture, Kinda Misses Key Point

culture

The Securities and Exchange Commission has been talking up the importance of corporate culture lately, including two speeches already this week that touch on the subject. Corporate compliance officers trying to glean insights about what to tell your own boards about culture may want to take a closer look — especially to understand a crucial…

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Audit, Compliance, and Data-Driven Behavior

internal audit

Last week I had a guest post on Navex Global’s blog exploring the future of the internal audit function, and how a more powerful internal audit function might help the ethics and compliance department in new ways. Today we have a practical example from Fidelity Investments, and the news that it has recently sacked more…

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