News and commentary about white-collar crime, enforcement, and compliance
Harry Cassin
Publisher and Editor
Andy Spalding
Senior Editor
Jessica Tillipman
Senior Editor
Bill Steinman
Senior Editor
Richard L. Cassin
Editor at Large
Elizabeth K. Spahn
Editor Emeritus
Cody Worthington
Contributing Editor
Julie DiMauro
Contributing Editor
Thomas Fox
Contributing Editor
Marc Alain Bohn
Contributing Editor
Bill Waite
Contributing Editor
Russell A. Stamets
Contributing Editor
Richard Bistrong
Contributing Editor
Eric Carlson
Contributing Editor
Seventy-three years ago today, the United States dropped an atomic bomb on the Japanese city of Hiroshima.
The blast destroyed 90 percent of Hiroshima and killed at least 80,000 people. Around 60,000 more died from radiation sickness before the end of the year.… Continue Reading
Forget the idea that human beings are perfectly rational. People do not always make consistent decisions based on strict logic or narrow self-interest. Human behavior is complex and emotions and intuition have a significant role to play in individual decision-making.… Continue Reading
For the last several years, academic attention has converged on questions of behavioral ethics, and the findings are robust and sophisticated.
Organizations such as NYU’s Ethical Systems and the Santa Clara University Markkula Center for Applied Ethics provide a wealth of insight, tools and research to help companies access and use the latest thinking to enhance their internal ethics and compliance approaches.… Continue Reading
Fostering strong ethical cultures within business firms could be the most effective and durable means of controlling the payment of bribes by firms. Creating a strong ethical culture is difficult, but measuring and maximizing stakeholder trust may overcome that difficulty.… Continue Reading
Hardly a week passes without at least one corporate crisis in the news, often with unpredictable and long-term negative consequences, impacting not only the organization’s reputation, but also all its internal and external stakeholders.… Continue Reading
When a company doesn’t budget for organizational trust, how can it be elevated?
Most public company CEOs, with the support of their Board, operate under the misconception that they and their organization are trustworthy.… Continue Reading
A recent report highlights issues of ethics and trust in America’s college admissions process.
The report by Reuters focuses on Shanghai-based Dipont Education Management Group, a company that has engaged in practices to influence college admissions officers and gain acceptances for their Chinese students to U.S.… Continue Reading
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
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