Ethics & Culture


Telephone

When academic studies and hoax hotline claims go ‘off the rails’

2021-10-18T17:26:00+01:00By

Imagine this: An anonymous hotline tip comes through that a senior executive has engaged in insider trading. This scenario happened this summer as part of academic research, effectively leaving hundreds of unwitting corporate subjects to foot the bill for unnecessary follow-up conducted.

ask cco 3x2 pendergrass

Ask a CCO: How do you get leadership to support compliance?

2021-10-08T13:00:00+01:00By Compliance Week

Seven senior compliance practitioners impart how to get leadership to understand the value compliance offers the business and commit to supporting ethical initiatives.

ask cco 3x2 schwager

Ask a CCO: How to ensure right things done for right reasons

2021-10-07T13:00:00+01:00By Compliance Week

How do you encourage employees to do the right things for the right reasons? Seven senior compliance practitioners share what they and their respective companies do to best get results.

Nicodemus_opinion

Lessons learned from actions of Facebook whistleblower Frances Haugen

2021-10-05T16:09:00+01:00By

Many whistleblowers are forced to take their complaints outside the company because their attempts to address the problems internally are rebuffed or ignored. Facebook is paying the price for that inaction.

Speaker podium

Updated PhRMA Code addresses company-sponsored speaker programs

2021-10-05T11:40:00+01:00By

New voluntary standards issued by the Pharmaceutical Research and Manufacturers of America will soon take effect offering guidance related to company-sponsored speaker programs.

pwc oct cover img

White paper: Prioritizing ethics and integrity

2021-10-04T06:57:00+01:00Provided by

Within the technology industry, many companies have been the subject of Foreign Corrupt Practices Act (FCPA) investigations. Companies that violate the FCPA often face substantial fines and reputational damage.

McDevitt_opinion

‘Raise Your Game, Not Your Voice’ a guide for ethics-minded professionals

2021-09-30T16:16:00+01:00By

Lisa Beth Lentini Walker and Stef Tschida’s guidebook teaches compliance practitioners how to win others over in the maelstrom without adding to the noise.

Jaeger_opinion

Activision Blizzard EEOC deal: All form, no substance

2021-09-29T19:54:00+01:00By

Activision Blizzard’s $18 million settlement with the Equal Employment Opportunity Commission mirrors in many ways the terms ride-sharing company Uber reached in a deal with the EEOC in 2019—except the agreement is void of any accountability.

Wells Fargo

Wells Fargo to pay $72.6M for foreign currency exchange fraud

2021-09-28T19:42:00+01:00By

Wells Fargo Bank agreed to pay a total of approximately $72.6 million to resolve allegations it fraudulently overcharged hundreds of commercial customers who used the bank’s foreign exchange services.

Inside the Mind of the CCO

Survey: Help us get ‘Inside the Mind of the CCO’

2021-09-26T13:00:00+01:00By Compliance Week

Compliance Week’s third annual “Inside the Mind” survey, launched in conjunction with Compliance Officer Day, seeks to discover exactly what makes a CCO tick. Take 10 minutes to share your experiences (anonymously) and be part of our next special report.

Remote oversight

Anti-corruption leaders share upsides of remote compliance program

2021-09-23T17:05:00+01:00By

COVID-19 has altered how companies operate their anti-corruption compliance programs, but not necessarily for the worse, according to experts from PepsiCo and Cook Group who shared their experiences at a recent Diligent virtual summit.

Green reporting

CMA’s Green Claims Code latest effort in greenwashing crackdown

2021-09-23T16:11:00+01:00By

Companies have until the end of the year to stop making misleading claims about the green credentials of their products and services or face regulatory action, the U.K. Competition and Markets Authority has warned.

ESG

ESG survey: Measure, monitor, and enhance your strategy

2021-09-22T18:01:00+01:00By

A Compliance Week and Fulcrum survey of more than 200 compliance, audit, legal, and finance executives worldwide revealed support for ESG initiatives, but uncertainty about how to monitor progress and measure results.

Activision

Embattled Activision Blizzard confirms SEC subpoenas

2021-09-21T19:52:00+01:00By

Activision Blizzard confirmed the company and several of its current and former employees and executives received subpoenas from the SEC “regarding disclosures on employment matters and related issues.”

Osprey

How ContourGlobal, Osprey have established effective ESG programs

2021-09-16T19:54:00+01:00By

Crafting an effective environmental, social, and governance program is not an easy feat. At CW’s “Everything ESG” virtual event, compliance/sustainability leaders from ContourGlobal and Osprey shared how they are successfully working to meet their goals.

DEI building blocks

The dos and don’ts of building a DEI program

2021-09-16T15:25:00+01:00By

NABCRMP Founder Jennifer Newton shared how to create a sustainable diversity, equity, and inclusion program that aligns with an organization’s mission during CW’s “Everything ESG” virtual event.

Jim Massey 2

Message to compliance on ESG: ‘Step up and lead’

2021-09-15T12:50:00+01:00By

Regardless of situation, one thing all companies should have in common is a compliance presence as part of ESG decision-making, said Jim Massey during a fireside chat at CW’s “Everything ESG” virtual event.

Elizabeth Holmes

Need to know: Elizabeth Holmes’s Theranos trial set to begin

2021-09-07T12:36:00+01:00By

Elizabeth Holmes’s legacy is on the line, as the long-awaited trial of the disgraced founder and CEO of blood-testing company Theranos begins Wednesday.

Bistrong_opinion

My Compliance Library: ‘What on Earth Can Go Wrong’ explores managing risk through global lens

2021-08-27T14:31:00+01:00By

In “What on Earth Can Go Wrong,” Richard Fenning shares what he learned over the course of nearly three decades exploring the world through the eyes of a risk management expert.

Employee incentives

Attracting top talent post-COVID means living employee values

2021-08-26T20:51:00+01:00By

In emerging from the pandemic, the hiring landscape has changed. The companies to thrive in this environment will be the ones that quickly adapt and recognize the kind of care and attention their employees need.

COVID vaccine

COVID-19 vaccine mandates no less tricky after FDA approval

2021-08-26T18:11:00+01:00By

Determining the best way to get your employees vaccinated against COVID-19 means considering a handful of key issues, in addition to being prepared for difficult conversations.

McDevitt_opinion

‘Intentional Integrity’ urges conviction in tackling ethical dilemmas

2021-08-23T16:51:00+01:00By

In his book, Rob Chesnut, former chief ethics officer at Airbnb, teaches business leaders how to weave ethics into the fabric of a company’s culture and ensure a little pulling on the integrity thread will not cause the firm to unravel.

Bad day

Six ways to mitigate a bad day at the office

2021-08-20T15:39:00+01:00By Jonathan Dempsey, Red Laces, for International Compliance Association

Bad days differ for everyone, but there are steps we can take to make them less likely or easier to handle. These six tips might help the compliance professional and their business as a whole when the going gets tough.

Matt Miner

​Walmart adds ex-DOJ attorney as chief ethics and compliance officer

2021-08-19T14:30:00+01:00By

Walmart announced the appointment of Matt Miner, the “architect” of the Justice Department’s Evaluation of Corporate Compliance Programs guidance, as executive vice president and global chief ethics and compliance officer.

Business challenges

Benchmark report explores roadblocks for leadership commitment to compliance

2021-08-16T14:28:00+01:00By

Most risk and compliance professionals feel their senior leaders and managers demonstrate a commitment to their programs overall, but only on a conditional basis, according to the latest NAVEX Global benchmark report.

Nicodemus_opinion

Encouraging whistleblowing could mean casting the word aside

2021-08-12T13:22:00+01:00By

Whistleblower is a loaded term, one that conjures up images of rats, snitches, and backstabbers. Maybe it’s time to call it something different.

Employee spying

Employee monitoring proving hot target for GDPR enforcement

2021-08-11T18:23:00+01:00By

Recent fines in Italy against two food delivery companies for violating the privacy of their drivers should act as a warning that employee surveillance can prove to be a major breach of the General Data Protection Regulation.

Boardroom

LRN survey: E&C programs thrive when boards are engaged

2021-08-11T15:39:00+01:00By

The more boards are engaged in measures of ethics and compliance, the more positive an impact on corporate culture, leadership, and business decisions, a new report from LRN finds.

Nasdaq

SEC approval of Nasdaq board diversity proposal adds to nationwide momentum

2021-08-10T16:16:00+01:00By

The SEC approved rule changes proposed by Nasdaq that will put in place a new board diversity mandate and further require companies listed on Nasdaq’s U.S. exchange to make public disclosures regarding the composition of their boards.

Vanessa Benavides index

Q&A: How Kaiser Permanente has handled change brought by COVID-19

2021-08-06T14:24:00+01:00By

Vanessa Benavides, chief compliance and privacy officer and senior VP at Kaiser Permanente, shares how the company adjusted its policies and procedures because of COVID-19 and the lessons she learned along the way.

Whistle question

Five pieces of advice for potential whistleblowers

2021-08-05T15:56:00+01:00By

Thinking of becoming a whistleblower? The path ahead likely won’t be easy. Learn from others that have been through the process.

Business agreement

Seven things whistleblowers want compliance officers to know

2021-08-04T17:54:00+01:00By

Aaron Nicodemus explains what whistleblowers, their supporters, and advocates would like compliance officers who handle internal complaints to understand about the process from their side of the table.

Jaeger_opinion

Activision Blizzard scandal signals day of reckoning for video game industry

2021-08-03T17:34:00+01:00By

Activision Blizzard is not only a case study in how not to respond to allegations of sexual harassment and discrimination in the workplace—it’s also the latest blatant showing of managerial recklessness in an industry ripe for transformational change.

Lefort_opinion

We bet you’ll love us: Free CW access for month of August

2021-08-02T11:00:00+01:00By

For the month of August, we’re tearing down our paywall. Readers can access our entire archive of news, benchmarking surveys, special reports, case studies, and Webcasts by simply creating a free account and signing in.

Whistleblower Day

Three ideas to improve the whistleblowing process

2021-07-30T13:00:00+01:00By

It’s important to take stock of how far whistleblowing has advanced over the last few years. That said, there is still room for improvement. Aaron Nicodemus offers three suggestions.

Jeffrey Smith

Part 5: Waiting for payout a grueling test of tenacity for whistleblowers

2021-07-30T13:00:00+01:00By

The road to a payout for whistleblowers is long, lonely, and full of obstacles. Commitment to the idea that they are doing the right thing helped our whistleblower subjects endure years of hardship to bring their cases to conclusion.

Pharmaceuticals

Compliance ramifications of proposed $26B opioid deal for pharma industry

2021-07-29T17:27:00+01:00By

Three major drug distributors and drugmaker Johnson & Johnson reached a proposed $26 billion multistate agreement for their alleged roles in fueling the nationwide opioid epidemic. The settlement imparts compliance lessons on the pharmaceutical industry at large.

Credit Suisse sign

Report: Deficient risk culture at Credit Suisse contributed to Archegos collapse

2021-07-29T17:00:00+01:00By

An independent report commissioned by Credit Suisse to examine the bank’s failures that led to $5.5 billion in losses when Archegos Capital Management collapsed this year concluded a series of missteps by risk and compliance failed to escalate numerous red flags.

Andrew Russo

Part 4: Retaliation pervades while whistleblowers persevere

2021-07-29T13:00:00+01:00By

Retaliation for blowing the whistle comes in all kinds of forms. Our whistleblower subjects share their stories—from losing jobs to getting blacklisted to being the target of a newspaper hit piece.

Teamwork

The qualities demanded of a GRC professional

2021-07-28T17:13:00+01:00By Paul Eccleson, for International Compliance Association

Working in compliance requires a mix of risk management, business strategy understanding, regulatory analysis, and interpersonal influence. Also important is overcoming one’s own internal roadblocks to doing the right thing.

Dee Dee Stone

Part 3: Blowing the whistle weighs uncertainty against moral duty

2021-07-28T13:00:00+01:00By

Once someone decides to blow the whistle, their life is forever changed. Their action stands to benefit many people they don’t even know while putting much in jeopardy on a personal level. Our whistleblower subjects each explain what led them to their determinations.

Whistleblowers

Proposed bill seeks to broaden False Claims Act whistleblower protections

2021-07-27T16:12:00+01:00By

A bipartisan bill before Congress proposes tweaking the False Claims Act to extend anti-retaliation protections for whistleblowers who are not formally employed by the company or organization on which they blew the whistle.

Brendan Delaney

Part 2: Internal reporting sends whistleblowers down path alone

2021-07-27T13:00:00+01:00By

Almost no one becomes a whistleblower by choice. A slow and steady whittling down of options often leads individuals to isolation in coming to their decision. Our whistleblower subjects share the roadblocks they faced in reporting internally.

Aaron Westrick

Part 1: Finding the fraud launches whistleblowers on life-changing journey

2021-07-26T13:00:00+01:00By

Whistleblowers aren’t born—they’re made. For five individuals that have taken on that mantle, the story began with discovering a problem that could no longer be ignored.

Business future

Who will be suited to compliance roles in the 2020s?

2021-07-23T15:02:00+01:00By Jonathan Dempsey, Red Laces, for International Compliance Association

The challenges for compliance moving forward through the decade will become more insidious in nature. The profession requires fresh thinking and different perspectives, complemented by creativity, curiosity, and care.

Whistle - dark

CW whistleblower series: ‘Witness to Wrongdoing’

2021-07-21T13:00:00+01:00By

This in-depth CW series chronicles the timeline of a whistleblower—from identifying wrongdoing to reporting and enduring subsequent hardships. Exclusive interviews impart key lessons for compliance officers seeking to become an ally to these individuals.

McDevitt_opinion

‘The Compliance Entrepreneur’s Handbook’ dispels false paradox

2021-07-20T12:03:00+01:00By

A new book proves compliance practitioners can take risks and get paid dividends, and the authors are willing to show you how.

Business protect

How firms can protect vulnerable customers

2021-07-19T16:01:00+01:00By David Jackman, for International Compliance Association

Vulnerable customers have finally reached the top of the regulatory priority list. New guidance from the U.K. Financial Conduct Authority sets out what will be expected of firms in providing an appropriate level of care.

Julia Brncic

Q&A: Cigna’s approach to SEC human capital disclosure requirements

2021-07-16T13:41:00+01:00By

Julia Brncic, senior vice president, chief counsel and corporate secretary at Cigna, shares how the global health insurance company is complying with new human capital disclosure requirements in Regulation S-K.

AdobeStock_314226034

Five steps to elevate your average compliance program

2021-07-12T16:38:00+01:00By Joe Murphy, CW guest columnist

Why settle for an average compliance program when you can have so much more? It isn’t easy, but commitment to a handful of key requirements can push your program to the next level.