Board members must learn to take a more active role to not only prevent scandals—but when they do arise, ask tough questions of management and the compliance function about what is being done to remediate the situation.
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.
LinkedIn: Follow
Posted inRegulatory Enforcement
How do you determine judgment at the CEO level?
In the case of Barclays CEO Jes Staley, judgment seems to be lacking, as the executive first attempted to unmask an anonymous internal whistleblower and now has intervened in a Brazilian private-equity deal involving his brother-in-law.
Posted inAnti-Bribery
The intersection of corruption and the environment
Petrobras is attempting to sell a petrochemical plant that is “notorious for its multiple accidents, fires, and emissions releases,” according to reports. At issue? No environmentally responsible company would be interested in the doomed facility.
Posted inAnti-Bribery
FIFA fires its own investigators
When it comes to brassiness, one really cannot do much better than FIFA. After having survived one of the world’s greatest scandals, the international governing body of football is replacing the leadership of its ethics committee, in effect dismissing the judge and the prosecutor whose investigations resulted in the suspensions of those parties involved in the corruption.
Posted inAnti-Bribery
A good day for the rule of law in Romania
Romania sees additional protests, as government tries to sneak more laws into place that would weaken the fight against corruption.
Posted inAnti-Bribery
Will KPMG pay for Rolls-Royce’s corruption?
More negative publicity for KPMG, as the Wells Fargo auditor now faces additional scrutiny in light of the Rolls-Royce scandal—will the Big Four firm be made accountable?
Posted inRegulatory Enforcement
‘Being data compliant does not equate to having data security’
Protecting your data involves more than simply following the paper program rules and regulations—you actually must focus on data security.
Posted inAnti-Bribery
Uganda—a demand side response to corruption
A look at corruption in Uganda and the government’s fear that the high level of corruption is making life worse for citizens and driving out foreign investment.
Posted inRegulatory Enforcement
United Airlines: using a compliance framework to further customer relations
United Airlines has been handed some positive compliance lessons from its recent public relations faux pas, including the forcible removal of a passenger, but will the company follow through on its pledge to make good on customer relations?
Posted inRegulatory Enforcement
What does contradictory due diligence mean?
A lawsuit against the Houston energy company Cobalt International Energy has posed a question which is not often considered under the FCPA—what does contradictory due diligence mean?
