Posts Tagged ‘ComEd’
ComEd’s Annual Compliance Update
We have an update this week on the ethics and compliance transformation happening at Commonwealth Edison, the Chicago-based utility that suffered a huge corruption scandal in 2020 and pledged to release a series of progress reports on its journey back into good corporate graces. ComEd released its 2023 report on Wednesday, and it’s a fascinating…
Read MoreComEd, Part II: Tone From Top, Enforcement
Today I want to return to Commonwealth Edison, the Illinois public utility trying to revamp its corporate culture and compliance program after a corruption scandal that erupted in 2020. As we sift through ComEd’s progress report on improvements it has made, let’s examine two subjects indispensable to effective compliance programs: tone at the top and…
Read MoreComEd Gives a Compliance Update
One of the more colorful compliance stories from 2020 was Commonwealth Edison, the Chicago-based public utility which paid $200 million that year to settle corruption charges. ComEd also agreed to implement a raft of compliance program improvements — and last Friday, ComEd filed its first ethics and compliance report to talk about its progress so…
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