Clayton Christensen gave a speech that later became a best-selling book called How Will You Measure Your Life. He talked about former Harvard Business School classmates who “didn’t keep the purpose of their lives front and center as they decided how to spend their time, talents, and energy.”… Continue Reading
Let’s start this discussion with: Know the business.
In addition to knowing their regulatory-reporting obligations, compliance officers should understand what their managers do, what products and services their company offers and the systems that sustain these products and services.… Continue Reading
Barbara Brooks Kimmel: After home birth during blizzard, insurance fails. What’s fair, ethical, and trustworthy corporate behavior?
When a baby decides it is time to be born…the show must go on. Such was the case on January 23, 2016 when approximately 103 million people were affected by a blizzard that hit the east coast of the United States, requiring eleven states to declare emergencies, including New Jersey.… Continue Reading
President Jimmy Carter signed the Foreign Corrupt Practices Act into law on December 19, 1977. In adopting the bill that would become the FCPA, the Senate listed its reasons for wanting to outlaw corrupt payments to foreign officials to obtain or retain business.… Continue Reading
In this final post of my three-part series about Compliance 2.0, I’m asking corporate executives and board members to support a chief compliance officer who is untethered from the general counsel, who reports to the board, and who oversees compliance officers who are themselves executives and subject matter experts.… Continue Reading
In the first post in this three-part series, I wrote about decision-making when the project is lawful but awful. But there are also risks when situations are lawful but new or novel.… Continue Reading
In prior posts for the FCPA Blog, I discussed how compliance officers are subject matter experts for the compliance program and why the board-adopted company code of ethics is a fundamental ingredient of the compliance program.… Continue Reading
In the prior post, I mentioned the role of boards of directors in adopting the company’s code of ethics. In this post, I’ll talk about the critical reasons for board-backed codes of ethics.… Continue Reading
My two-part series for the FCPA Blog on Beyond Compliance elicited some thoughtful reader feedback. While the comments were as diverse as the professional perspectives of the writers, a few themes surfaced.… Continue Reading
In Part One of this two-part series, I described the intersection of compliance, ethics, and trust. This post explores the steps necessary to move from a compliance-only strategy to one that embraces ethics and trust.… Continue Reading
Recently a small group of open-minded trust, ethics and compliance professionals met for an informal lunch in New York City to discuss the intersection of the three disciplines and their respective roles in organizations.… Continue Reading
In our first post we proposed a universal business ethics principle: “A basic duty of every organization is to earn stakeholder trust.”
Our hypotheses are: 1) trust is based on the expectation of reliable behavior, 2) attributes of reliable behavior generally align with ethical behavior, and 3) therefore trust is a valid proxy for evaluating ethical behavior.… Continue Reading