After all of the misfirings at Uber this year, the company needs to appoint a chief compliance officer, who reports directly to the CEO, and works to change the values while putting in the infrastructure to support the backbone of a best practices compliance program. Sooner, rather than later.
Tom Fox
Thomas Fox has practiced law for over 40 years. Tom writes the daily award-winning blog, the FCPA Compliance and Ethics blog and founded the Compliance Podcast Network. Tom leads the discussion on AI in compliance through his best-selling book Upping Your Game. He has 38 other books on the use of AI in compliance and business ethics, leadership including the seminal work, The Compliance Handbook, with its 7th edition coming out in 2025. He is the founder of the award-winning Compliance Podcast Network.
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Posted inAnti-Bribery
To operationalize compliance, pick up the phone
Following compliance policies and procedures is always important but to have a live person to answer questions or walk a non-compliance person through the process is a must.
Posted inAnti-Bribery
The Holy Grail of compliance
A recent academic paper discusses companies’ progress in having the “Holy Grail of compliance,” the ability to demonstrate a positive return on investment (ROI) for your compliance program.
Posted inAnti-Bribery
Best practices under the new FCPA Enforcement Policy
The Justice Department’s new Foreign Corrupt Practices Act Corporate Enforcement Policy once again makes the importance of a best practices compliance program even more critical.
Posted inAnti-Bribery
Fighting the economic cost of corruption
The U.S. Justice Department’s new FCPA enforcement policy seems to suggest that it’s in the best interests of the United States to both keep the playing field level for American companies and help raise the level of economic growth through fighting bribery and corruption across the globe.
Posted inAnti-Bribery
The regional compliance committee
The regional compliance officer adds a dimension not often seen or even discussed in the compliance profession, offering oversight of the compliance monitoring, reviewing, assessing, and recommending that is deemed necessary to the compliance function.
Posted inAnti-Bribery
Doing business with Citgo? Get ready for a bumpy ride
The arrest of Citgo Petroleum Company’s acting president of the company and five members of the company’s board for offering bonds to finance the company’s continued operations means that if you’re doing business with Citgo, it’s definitely time to review your relationships, contracts, payment status, and all other facets of the commercial relationship.
Posted inFrom the Archive
For Uber: what else? Not: where else?
Another Uber reveal, this time the fact that the company make a $100K payment to hackers who broke and stole confidential data of some 57 million Uber customers and drivers, leaves many wondering what else the transportation company has kept in the dark.
Posted inAnti-Bribery
The compliance oversight committee
Installing a compliance oversight review committee is a crucial step that should be employed by companies as added protection against any type of compliance and ethics violations that could slip through the cracks and become much bigger problems down the road.
Posted inEthics & Culture
What does ‘Made in Japan’ stand for now?
Mitsubishi Materials knew for months one of its subsidiaries was shipping low-quality products, giving the phrase ‘Made in Japan’ a whole new meaning.
