Boeing’s decision last week to sack CEO Harry Stonecipher after it learned about his relationship with a female executive raises a host of critical governance questions, and underscores how personnel policies are set—and resolved—at large public corporations. Stonecipher Boeing said its board ordered an investigation after receiving information that was sent anonymously to board chairman […]
Ethics & Culture
Stonecipher Post-Mortem: Powerful Boards, And HR’s Role
Boeing’s decision last week to sack CEO Harry Stonecipher after it learned about his relationship with a female executive raises a host of critical governance questions, and underscores how personnel policies are set—and resolved—at large public corporations. Stonecipher Boeing said its board ordered an investigation after receiving information that was sent anonymously to board chairman […]
Abbott Divisional VP Ethics, Compliance: Lessons Learned
This Guest Column is one in a series of first-hand accounts written by senior executives at U.S. public companies. The goal of the column is to provide “lessons learned” during the implementation of various governance and compliance programs. To be considered as the author of a future column, public company executives should email the editor […]
Trials Show Job Requirement No. 1 For CFOs Is Courage
In federal courtrooms about 1,000 miles away from each other, two high-profile criminal trials of corporate CEOs are proceeding with so many similarities that it sometimes can be hard to keep them straight. In New York, a jury will likely reach a verdict this week on whether former WorldCom CEO Bernie Ebbers will go to […]
Case Study: Ethics And Compliance Training At Alcoa
This “case study” is the latest in a series of articles aimed at helping public companies understand how other organizations are using technology to comply with new regulations and standards. These are not advertisements or marketing vehicles for the companies mentioned; Compliance Week’s editorial staff speaks with the public company that has deployed the technology, […]
Q&A With SVP Ethics At $700 Million Irwin Financial
This profile is the latest in a series of weekly conversations with executives at U.S. public companies who are currently involved in establishing and developing compliance programs. An index of previous conversations is available here. So, we hear that you were once a judge in the College Ethics Bowl. Yep. I was approached by a […]
Case Study: Whistleblowing System At Overstock.com
This “case study” is the latest in a series of articles aimed at helping public companies understand how other organizations are using technology to comply with new regulations and standards. These are not advertisements or marketing vehicles for the companies mentioned; Compliance Week’s editorial staff speaks with the public company that has deployed the technology, […]
SOX Yielding “Grade A” Opinions, So Who’s Getting “C”s?
Since the Sarbanes-Oxley Act was passed in the summer of 2002, there has been a steady stream of criticism and objections from a wide range of players. The business community claims the additional costs caused by SOX 302 and 404 are choking off much needed risk taking and profit creation. The Europeans—led by a very […]
Compliance Programs Critical Despite Ruling On Guidelines
The U.S. Supreme Court’s landmark decision eviscerating the mandatory nature of the federal sentencing guidelines should have no immediate affect on corporate compliance programs established under the sentencing standards, experts tell Compliance Week. On Jan. 12, a deeply divided Supreme Court ruled in United States vs. Booker that the guidelines that have governed all federal […]
SEC’s ‘Up-The-Ladder’ Claims In TV Azteca Case Overstated?
The Securities and Exchange Commission’s filing of civil fraud charges against TV Azteca on Jan. 4 appears to be the first enforcement action implicating the “up-the-ladder” attorney-reporting requirements of Sarbanes-Oxley. However, the case also highlights the fact that, at present, there is no requirement that the SEC be told of a corporation’s non-compliance with the […]
