Posts Tagged ‘compliance programs’
Special Report: Compliance Testing, Data Access Falls Short
An exclusive new report finds that most corporate compliance teams struggle to perform adequate testing and monitoring of their compliance programs, and also struggle to get access to the enterprise data they need to address their organizations’ compliance risks effectively. Those are just some of the findings of a study released this week by Rethink…
Read MoreConcerns Over Access to Data
Today let’s return to the Justice Department’s newly revised guidance for effective corporate compliance programs. Specifically, let’s give a close analysis of what those updates say about compliance officers’ access to data and IT systems. For starters we should appreciate why access to data is such an important issue for the Justice Department at all.…
Read MoreRevamped Compliance Program Guidance!
The Justice Department is rolling out fresh guidance for how it evaluates corporate compliance programs, with new sections addressing artificial intelligence, a company’s speakup culture, and whether compliance teams have sufficient access to the data they need to keep their programs on the right path. The head of the department’s Criminal Division, Nicole Argentieri, announced…
Read MoreRTX, Part II: The Compliance Reforms
Today we continue our look at that RTX Corp. export controls settlement announced last week, since we barely scratched the surface of the remediation measures RTX agreed to undertake. From dedicated compliance leaders to dedicated compliance spending, there’s lots more to review here. If you missed our previous post on the case, the summary is…
Read MoreKeeping Compliance & Legal Separate
Last week we had a popular post about why ethics and compliance officers don’t necessarily need to be lawyers to do a good job. Now we have a vivid example of why the entire ethics and compliance function should be separate from legal, courtesy of a debacle at Disney over a wrongful death lawsuit. You…
Read MoreBoeing, Part II: The New Spending
Boeing reported second-quarter earnings today, which were predictably awful given the company’s safety and compliance lapses. So now seems like a good time to ponder the company’s recent promise to the Justice Department to increase spending on compliance efforts by $455 million over the next three years. What’s that all about? As you may recall,…
Read MoreA Look at Boeing’s Plea Agreement
Pull up a chair, compliance officers! We finally have a text of the Justice Department’s plea agreement with Boeing for the company’s violation of its 2021 deferred-prosecution agreement. Let’s see what the compliance team and senior management have promised to do to improve the company’s misbegotten corporate culture. The basic terms of the plea agreement,…
Read MoreDon’t Sweat Chevron’s End Either
So there I was, reading through the U.S. Supreme Court’s recent rulings, when the phone rang. On the other end was my friend the general counsel, who apparently had been doing the same. “Oh man,” he said, launching into a diatribe. “This ruling to overturn the Chevron doctrine is going to be a disaster for…
Read MoreSurvey: CCO Resources, Pressures Both Rising
KPMG has published a new survey of chief compliance officers with plenty of findings that the compliance community should find interesting. The good news is that most CCOs expect budgets and headcounts to rise in the coming year; the bad is that CCOs also expect more pressure for better compliance program performance from numerous directions. …
Read MoreMaking CCO-GC Relationships Work
As we all settle into the new year, let’s begin by continuing to debate an age-old question: What is the proper relationship among the chief compliance officer, the general counsel, and senior management? This has been on my mind since last month, when I moderated a webinar on new guidance for compliance officers in the…
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