falwell

The Lord works in mysterious ways, and compliance professionals witnessed that again this week. The Supreme Being sent us a flock of governance lessons to consider from the downfall of Jerry Falwell Jr., who just resigned as president of Liberty University amid a sex scandal. Falwell had been leader of the evangelical college since 2007.…

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Postal Service

Radical Compliance always strives to find the latest, best illustrations of corporate governance gone wrong that we can dissect for lessons everyone else can learn. Today we have a gem: the U.S. Postal Service.  By now you probably know at least the contours of the story. The U.S. Postal Service is a money-losing operation, and…

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inspection

The Institute of Internal Auditors has unveiled a revamped version of its famed Three Lines of Defense model for risk assurance. Perhaps the most notable change: no longer calling it the Three Lines of Defense.  Instead, the IIA guide is now officially known as “The Three Lines Model” — a nod to criticism over the…

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For several weeks now we’ve been spot-lighting good practices in corporate governance and compliance during the Covid-19 crisis. Today we’re flipping the script to call out some stupendously inept corporate behavior in these difficult times. Everyone, say hello to the Boston Sports Club. BSC is one of those upscale urban personal fitness chains; you probably…

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2020

Welcome to 2020, everyone! This has been a long winter break, but before we return to the grind of emails to answer and staff meetings to avoid, let’s spare a few moments to ponder how the corporate compliance landscape might evolve in the coming year.  Without further delay, then: my annual list of compliance issues…

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management override

Keeping pace with all the ethics and compliance lessons one can learn from the Trump Administration is no easy task. Nevertheless, we have yet another one: the perils of management override, as demonstrated by President Trump’s determination to keep a disgraced Navy SEAL in military service. The story evolved quickly over the weekend. It begins…

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internal audit

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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compliance

Ethisphere has released another analysis of its World’s Most Ethical companies, finding a move toward a more clearly defined chief ethics & compliance officer role and more direct reporting to senior leadership. The study, released on Thursday, is the second in a series of reports Ethisphere is publishing about the 128 firms that made its…

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hacienda

A stunning story of corporate misconduct out of Arizona this week: A special investigator hired two months ago by Hacienda Healthcare has quit, saying the board thwarted his investigation into how a comatose patient there was raped and impregnated — and his departure seems to have driven 10 other managers there to resign, too. You…

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Next week I have the privilege of moderating an executive forum in Philadelphia, where four stellar thinkers about compliance, audit, and corporate governance will be discussing some of the big issues emerging for executives and board directors in 2019. To focus my thoughts, I’ve been pondering: what are some of the big issues emerging for…

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