Philip Morris International’s compliance department has 12 full-time staffers in Lausanne, Switzerland, supported by another 16 employees worldwide. That’s a small group, considering the tobacco giant has 85,000 employees in 120 countries. The lean compliance team would have a difficult time carrying out the labor-intensive job of conducting internal investigations on such matters as low-level […]
Amy Burroughs
Posted inBoards & Shareholders
Rethinking Policy Management at Dell
Five years ago, Dell’s compliance leaders were siloed, engaged in similar endeavors at different business units, but not well-coordinated across the organization. These 20 or so executives recognized they needed to collaborate better, said Page Motes, director of the strategic programs office for global ethics and compliance at Dell. “We said, ‘Let’s get to know […]
Posted inAnti-Bribery
Special Report: Study Finds Big Gaps In Anti-Corruption Compliance Programs
Forty-seven percent of global corporations take no steps to train their third parties and business partners on anti-bribery and corruption efforts, according to a new survey from Compliance Week and Kroll, despite piles of evidence that third parties are one of Corporate America’s biggest bribery risks today. That eye-popping statistic was only one among several […]
Posted inRegulatory Enforcement
Anti-Corruption Compliance: What the Regulators Want
Don’t expect the intensified crackdown on international corruption by U.S. regulators to ease up anytime soon. Speaking at last week’s Compliance Week 2013 conference in Washington, D.C., representatives of the Department of Justice and the Securities and Exchange Commission said the agencies expect that when red flags for potential violations of the Foreign Corrupt Practices […]
Posted inFrom the Archive
Making Company Policies Manageable
Creating a strong privacy policy is one thing; making it user-friendly and able to keep pace with changing technology is quite another. Speakers at Compliance Week’s May 21 panel “Crafting Effective Privacy Policies” shared their suggestions for making policies manageable. The panel included Allen Brandt, director of corporate counsel, data privacy, and security and chief […]