SEC Nails Activision on Culture Oversight

Activision

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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Ethisphere’s Latest Ethical Culture Survey

culture

Ethisphere has released its latest report on employees’ perceptions of ethical culture, finding that those perceptions generally improved throughout the pandemic, although we have a few troubling patterns with young workers worth pondering. Generation Z workers, the report found, are the least likely demographic to report bad behavior. At the same time, however, Gen Z…

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Mental Health and Compliance Officers

mental health

There is a mental health crisis in the U.S. workforce today, which I suspect is not news to compliance officers. So when I had the privilege to moderate a webinar on how mental health issues can affect corporate culture and compliance officers themselves, I took detailed notes.  First, we need to clarify what we mean…

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Another Sports Scandal: Hockey Canada

Canada

I spent most of last week on vacation in Canada, trying to put aside the clamor of ethics and compliance news for a while. Well, even amid the gorgeous architecture of Montreal and the boring expanses of the 401 highway, ethics and compliance news caught up with us anyway. The news in question was the…

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Thoughts on the Uvalde Failures

Uvalde

Effective corporate compliance and risk management programs are all about how to make a large organization run well. So within that frame, the school shooting in Uvalde, Texas, last week is an awful, heartbreaking case study for corporate compliance programs, because we can find failures at almost every level.  Indeed, what torments me most about…

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Survey: Pandemic Ordeal Boosts Corporate Culture

vaccination

LRN has released the 2022 edition of its annual Ethics & Compliance Program Effectiveness Report, finding that most companies’ ethical culture has emerged stronger than ever thanks to two years of the Covid-19 pandemic.  LRN polled nearly 1,200 ethics, compliance, and legal officers at corporations around the world, most of them with 1,000 employees or…

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Microsoft & Activision, Part II: Repairing Culture

culture

In a post earlier this week we explored the numerous antitrust and privacy concerns that arise from Microsoft’s proposed acquisition of Activision Blizzard. Today let’s assume that Microsoft somehow does close this deal. How would Microsoft then address the deeply troubled corporate culture at Activision?  That’s a challenge ethics and compliance officers encounter all the…

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Pointers on Setting Compliance Goals

culture

Today we return to the compliance officer bookshelf. I just began reading Get It Done, a newly released book by business professor Ayelet Fishbach, that examines how people can motivate themselves to change their behavior. The first chapter alone raises excellent points about how to set goals that people want to achieve — a subject…

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Activision Trying to Right the Ship

Activision

Activision Blizzard is looking to hire at least 19 people to build up its ethics and compliance function, as part of a broader effort to address complaints from regulators and employees that the company tolerated a poor corporate culture for years.  The hiring plans were announced in a staff memo circulated last week by Frances…

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Corporate Culture: Speak Up vs. Listen Up

culture

The other week I had the privilege of hosting a webinar on cultivating a speakup corporate culture. Given how important that is for corporate success — and how many organizations either mishandle their speakup culture, or reject the premise that a speakup culture matters entirely — today let’s consider some of the points raised in…

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