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Compliance lessons from hurricanes

Tom Fox | September 26, 2017

In late August, Houston and much of south Texas survived a 1,000-year storm, courtesy of Hurricane Harvey. Florida and the southeastern United States faced the ravages of Irma shortly afterwards, with the Florida Keys facing its fiercest winds since the Hurricane of 1935. I found these seminal events to be more than weather-related events. They were wake-up calls about the virtues of crisis management.

While you may not have put plans in place for 1,000-year floods or historic winds if you live on the Gulf Coast, you can certainly prepare for the eventuality of a hurricane. Along the same lines, compliance practitioners can prepare for a potential unknown claim of a Foreign Corrupt Practices Act (FCPA) violation which suddenly becomes public. An equally plausible event could be an internal whistleblower report of similar conduct. It might even be a blog post from a former employee detailing illegal or unethical conduct in plain sight at your organization. Equally hair-... To get the full story, subscribe now.