At a time when U.S. enforcement authorities and regulators are more closely scrutinizing insider trading in the prediction-markets space by public-company employees, another alleged insider-trading case is unfolding, this time concerning a KPMG employee.
Ethics & Culture
Posted inRegulatory Policy
Deloitte agrees to pay U.S. government $21.5 million to settle alleged DEI discrimination
Professional services firm Deloitte has agreed to pay the U.S. government $21.5 million to settle a case alleging that the firm’s employment practices were discriminatory.
Posted inCulture
Corporate culture programs: What are the key points of failure?
The benefits of corporate culture programs have been recognized for some time: they contribute to better corporate governance, more effective risk management, and create a better environment for compliance.
Posted inInsurance
Former Lloyd’s CEO breached code of conduct
The former CEO of Lloyd’s of London breached the insurance market’s compliance rules after his relationship with a fellow director was deemed to be so close that it created “a perceived conflict of interest.”
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Leveraging ECI’s High-Quality Program Assessment to Benchmark Your E&C Program
Join us for a practical look at ECI’s High-Quality Ethics & Compliance Program (HQP) Assessment. We will discuss what it’s predicated on (e.g., DOJ Guidance), what it measures, key benchmarks, and how organizations use it to assess the design of their E&C program, including its level of maturity.
Posted inBest Practices
Practitioner lessons from Prudential Life of Japan’s scandal
Prudential Life Insurance’s scandal in Japan attracted limited attention in the West when it broke in January, but six months on, it has become one of the most consequential compliance failures seen this year.
Posted inBest Practices
One part legal, one part behavioral: A winning recipe for a more thoughtful compliance program
Over more than three decades of defending claims, litigating False Claims Act cases, and helping clients avoid suspensions and debarments, my law firm colleagues and I have learned a fair amount about risk and what makes corporate compliance programs succeed or fail.
Posted inEnergy and Utilities
BP chairman ousting: A failure of ‘tone at the top’ or a triumph of good governance?
The speed at which a major oil company has fired its chairman over allegations of bullying and aggressive behavior may be viewed as a triumph of ethical policies—and a failure of the “tone at the top”, say experts.
Posted inBest Practices
Tone in the middle: Why compliance programs succeed or fail with managers
Global compliance programs often feature codes of conduct, policies, training, hotlines, investigations, and risk assessments. While these “seven elements” are essential, they do not guarantee an effective E&C Program.
Posted inEthics & Culture
HQP Assessment: Top Strengths and Weaknesses of Ethics and Compliance Programs
Most companies have in place the foundational elements of an ethics and compliance program, but the more elusive elements that get to the heart of improving corporate culture provide key opportunities for improvement, according to the latest findings of the Ethics and Compliance Initiative’s High-Quality Program Assessment.