Quick—free associate the word “corruption.”
If you are anywhere near a compliance job, you might immediately think “Foreign Corrupt Practices Act,” as in the federal law that outlaws bribery in distant climes. But the truth is that corruption isn't only about graft in far-flung corners of a corporation's field operations. It can be close to home, and gray rather than clear-cut. Simply put, corruption and risk are twin manifestations of a troubled corporate culture and governance regime.
The very word “corruption” derives from old French and English roots meaning rupture, spoil, and “perversion or destruction of integrity.” That means a lot ...