Posts Tagged ‘corporate culture’
Study Warns on Ethical Culture Disconnect
LRN released its annual compliance program effectiveness report last week, which is always worth a read to understand the challenges of holding your corporate culture together and driving it forward in a unified way. One big issue in this year’s report: a perceptions gap on ethical culture that exists between senior executives and other employees.…
Read MoreCorporate Culture Under Strain, Part I
Compliance officers, we need to talk about corporate culture. It’s been going through some stuff lately, that stuff could have big implications for the compliance programs you so desperately want people to take seriously. First is the push to bring employees back into the office once and for all — full time, five days a…
Read MoreBank of America Culture Failure
Compliance professionals looking for a fresh case-study in corporate culture dysfunction, turn your eyes to Bank of America! This week news broke that BofA is still plagued by junior bankers literally working themselves into an early grave — 10 years after the bank vowed to change its ways due to rampant overwork. Who knew change…
Read MoreTips on Navigating Ethical Dilemmas
Earlier this week I attended the annual conference of the Association of Certified Fraud Examiners, where some 4,000 people gathered to talk all things fraud and how to prevent it. Several sessions, however, looked at the larger issue of the ethical dilemmas employees often face when encountering examples of fraud. Let’s pull on that thread.…
Read MoreFDIC, Part II: Lack of Accountability
Today let’s return to the Federal Deposit Insurance Corp., and the corporate culture meltdown documented in an investigative report the FDIC released last week. Specifically, let’s look at the lack of accountability even amid years of misconduct, and how that sorry state of affairs came to pass. For those who haven’t heard yet, last week…
Read MoreScorching Report on FDIC’s Flawed Culture
The Federal Deposit Insurance Corp., one of the primary banking regulators in the United States, has released a blistering report about the agency’s own failure to uphold a culture of compliance, workplace respect, and accountability. Ethics and compliance professionals have so much to digest here we’ll need to explore it all over the course of…
Read More‘Owning the Risk’ and Compliance
Compliance officers and regulators alike always love to say “the business owns the risk” — and we all know that here in the real world, those words often fall short of reality. I recently had a conversation with a compliance officer friend that reminded me just how widespread that shortcoming is. With his permission, I…
Read MoreCorporate Culture & the Ted Lasso Way
There is a sub-culture of compliance professionals out there who adore “Ted Lasso,” the Apple TV drama about an American football coach leading a British soccer team. I have delightful news for this crowd: the most recent episode included a scene about Ted’s coaching style that speak perfectly to how a corporate culture should work.…
Read MoreHow to Start a Values Conversation
Corporate leaders always say they want to talk about the importance of their organization’s ethical values, but those conversations aren’t necessarily easy to start. So today let’s look at a resource that Penn State University publishes to help its leaders with the task. The resource is a page on the website of Penn State’s ethics…
Read MoreSEC Nails Activision on Culture Oversight
Activision-Blizzard has agreed to pay $35 million to settle charges from the Securities and Exchange Commission that the company didn’t have adequate processes to warn investors about its poor corporate culture. The company also settled charges that it violated whistleblower protection rules. The settlement was announced Friday morning, and I fear that this case may…
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