Ethics & Culture


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

‘Witness to Wrongdoing’ shines crucial light on understanding whistleblowers

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

An upcoming 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.

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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.

Binance

Binance enhancing compliance after recent U.K. ban

2021-07-08T16:08:00+01:00By

The CEO of cryptocurrency platform Binance touted the company’s growing commitment to compliance after one of its units was banned from operating in the United Kingdom.

Uber

How Uber toes the line between compliance and innovation

2021-07-08T15:37:00+01:00By

At CW’s TPRM virtual event, Dianna Jones, director of legal compliance at Uber, shared how the company seeks to build compliance into new initiatives without stifling innovation.

Charles Duross

Charles Duross: Tips for managing third-party FCPA risks

2021-06-30T21:00:00+01:00By

Charles Duross, former deputy chief of the DOJ’s Fraud Section, shared tips on how companies can best manage third parties and employees who willfully try to circumvent internal controls during his keynote speech at CW’s virtual TPRM conference.

Board table

Are compliance officers good board material?

2021-06-23T19:36:00+01:00By Jonathan Dempsey, Red Laces, for International Compliance Association

Compliance is perfectly primed to adapt, with the ability to influence change in culture as part of integrated and innovative approaches to risk management. Does that translate to the board level?

Brasseur_opinion

Distinction between CCO and company key to any liability framework

2021-06-22T13:44:00+01:00By

Despite best effort, a chief compliance officer has a lot to lose when his or her company faces enforcement. Acknowledging this as part of any potential CCO liability framework will be important to its success.

Lefort_opinion

Juneteenth acknowledgement a reminder that influence comes in many forms

2021-06-18T12:00:00+01:00By

The designation of Juneteenth as a federal holiday shows the good that can come from when powerful people acknowledge difficult truths.

Exxon

Activist investor win at ExxonMobil should be wake-up call for companies

2021-06-14T20:22:00+01:00By

The growing scope and influence surrounding environmental activist campaigns promises to spill well beyond 2021. Recent developments should inspire boards to reassess how their company’s environmental initiatives align with long-term shareholder value.

VWcrop

Volkswagen secures $21.7M in executive clawbacks for Dieselgate roles

2021-06-10T20:19:00+01:00By

Volkswagen’s supervisory board announced agreements to recover €17.8 million (U.S. $21.7 million) in compensation from former executives and board members for their respective roles in the Dieselgate emissions scandal.

Joe Murphy

Joe Murphy: Reflections of a compliance and ethics pioneer

2021-06-09T16:26:00+01:00By

Shortlisted for CW’s 2021 Lifetime Achievement award, Joe Murphy discusses blazing the trail in compliance and ethics, why incentives matter, and the single-most important skill of a compliance practitioner.

Coronavirus look ahead

‘Cost of Compliance’ survey reflects post-COVID landscape

2021-06-07T20:02:00+01:00By

A year removed from the start of the pandemic, the long-term effects the shift in work culture will have on the compliance profession have become more apparent. The “Cost of Compliance Report 2021” by Thomson Reuters reflects these changes.

Culture

Compliance changing culture requires proactive collaboration

2021-06-07T13:59:00+01:00By Jonathan Dempsey, Red Laces, for International Compliance Association

Compliance teams might recognize opportunities for changing culture. To do so, they need to adapt readily in both purpose and approach and embrace innovation.

Bistrong_opinion

My Compliance Library: ‘To Be Honest’ a roadmap to address organizational disunity

2021-06-04T15:18:00+01:00By

Ron Carucci’s book “To Be Honest” enables everyone in an organization to build “honesty as a muscle” and to operationalize aspirational goals and principles into an individual and group ethical capacity.

Employee activism

Embracing employee activism is good for business

2021-06-01T12:03:00+01:00By

The benefits of being perceived as a company that values employee input might outweigh the drawbacks, experts believe.

McDevitt_opinion

CW21 Career Day takeaways: Buzz phrases to embrace for your personal brand

2021-05-28T15:49:00+01:00By

Over the course of Career Day at Compliance Week’s National Conference, the lineup of speakers used buzz phrases showcasing variations on a common theme: the importance of personal brand management in career success.

woods

AML culture is in need of a revamp

2021-05-25T18:28:00+01:00By

Bank culture continues to be a problem following the 2008 financial crisis, and strategies formed to prevent money laundering haven’t fared much better. It’s time for a new approach, writes Martin Woods.

McDevitt_opinion

Think big, act small: How the ‘PI Guidebook’ actualizes career goals

2021-05-25T12:00:00+01:00By

No one can hold your hand up the corporate ladder, but Executive Coach and Consultant Amii Barnard-Bahn is willing to give you a nudge up every rung in her new book.

VW Drive Bigger

Chapter 5: Volkswagen’s path to winning back trust

2021-05-20T13:00:00+01:00By

Its monitorship now complete, Volkswagen’s new focus is to rebuild its reputation among its customer base. It’s a long process, says Board Member Hiltrud Werner, one supported by a shift in strategy.

VW group board

Chapter 4: Tangible measures of cultural progress at Volkswagen

2021-05-20T13:00:00+01:00By

At the end of the day, how does an organization measure the effectiveness of company-wide cultural initiatives? Volkswagen has answers, utilizing perception workshops, mood barometers, and new diversity and inclusion initiatives as part of its culture rebuild post-Dieselgate.

ESG_corrected

Compliance ‘well-situated’ to handle increasing ESG scrutiny

2021-05-19T15:30:00+01:00By

An expert panel at CW’s 2021 National Conference agreed that compliance is uniquely positioned to help companies in their ESG initiatives. The CCO and chief sustainability officer at FedEx share how this may look in practice.

Volkswagen T4I key initiatives

Chapter 3: VW operationalizes its Dieselgate monitorship

2021-05-19T13:00:00+01:00By

A revamped code of conduct and the Together4Integrity campaign stood out as significant milestones for Hiltrud Werner & Co. as Volkswagen began to embrace its Dieselgate monitorship as a way to improve company culture.

Questions raised

Curiosity is important for compliance professionals

2021-05-18T16:49:00+01:00By Simone Jones, International Compliance Association

Rapid developments in technology and an uncertain future underscore the need for compliance professionals to embrace curiosity both personally and professionally in order to protect their firms from risk.

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CPE Webcast: Data-driven compliance: Speak-up culture and faster investigations

2021-05-18T14:00:00+01:00Provided by

Get the covid-adjusted data on how peers around the world have experienced report volume, anonymous reporting, and investigation performance throughout 2020.

Hiltrud Werner index

Chapter 2: Volkswagen monitorship falls in line under Hiltrud Werner

2021-05-18T13:00:00+01:00By

While Larry Thompson assembled his team for the Dieselgate monitorship, Volkswagen countered with appointments of its own, including Hiltrud Werner as head of integrity and legal affairs. Their relationship would determine the success of the monitorship going forward.

AmiiBB CW2021 keynote

CW21 Career Day provides timely forum for CCO advice

2021-05-17T19:28:00+01:00By

Amii Barnard-Bahn shares her thoughts from Compliance Week’s first Career Day, which she kicked off with a keynote on cultivating self-awareness.

Diesel emissions

Chapter 1: Volkswagen’s Dieselgate scandal exposed; enter Larry Thompson

2021-05-17T13:00:00+01:00By

The Volkswagen Dieselgate scandal wasn’t the work of one executive who thought to install illicit software into diesel motor vehicles. It was born from a “chain of errors that was never broken,” forming the basis for one of the largest and most high-profile corporate compliance monitorships in history.

Dirty window

CW presents: ‘Coming Clean: Volkswagen’s Dieselgate scandal and compliance monitorship’

2021-05-17T13:00:00+01:00By

Volkswagen’s recently concluded three-year monitorship is chronicled in CW’s latest in-depth case study, which spares no detail in following the world’s largest automaker’s comeback from its biggest mistake.

Reporting DEI CW2021

Cooperation key to compliance’s role in advancing diversity & inclusion

2021-05-13T19:24:00+01:00By

A panel of DE&I experts shared valuable tips on how chief ethics and compliance officers can work collaboratively with human resources to address workplace culture issues at CW’s 2021 National Conference.

Mary McNiff

Citi CCO Mary McNiff taking to compliance one year in

2021-05-12T18:09:00+01:00By

Mary McNiff shared initiatives she’s undertaken in her first year as chief compliance officer at Citi during her keynote at CW’s 2021 National Conference on Wednesday.

Comey CW2021 blog

James Comey: Lessons from Enron era will ‘become real again’

2021-05-11T20:17:00+01:00By

Former FBI Director James Comey kicked off Compliance Week’s 16th annual National Conference on Tuesday by speaking candidly about a variety of risk and compliance matters, including the importance of a strong ethical culture in the coming post-pandemic “boom times.”

Emmanuel Lulin, Lifetime

From Nazi hunter to acclaimed ethicist, Emmanuel Lulin honored for Lifetime Achievement

2021-05-11T16:00:00+01:00By

Emmanuel Lulin has a storied history in ethics and compliance shaped by his time hunting Nazis as a teenager. The recently retired chief ethics officer of L’Oréal was honored for Lifetime Achievement at CW’s 2021 Excellence in Compliance Awards.

Justin Ross, CCO

Guiding FedEx through pandemic, Justin Ross named CCO of the Year

2021-05-11T16:00:00+01:00By

Companies across the globe faced a true test of competency this past year. FedEx passed the challenge with flying colors under the oversight of Justin Ross, CW’s CCO of the Year at the 2021 Excellence in Compliance Awards.

Tenneco, Program

Tenneco’s dedication to core values lands it Compliance Program of the Year

2021-05-11T16:00:00+01:00By

Tenneco’s revamp of its core values, coupled with its dedication to employee engagement during the coronavirus pandemic, earned it the honor of Compliance Program of the Year at CW’s 2021 Excellence in Compliance Awards.

John Flint

Elevating compliance key for financial services, says former HSBC head

2021-05-07T15:14:00+01:00By James Thomas, International Compliance Association

John Flint, former group chief executive at HSBC, considered the progress compliance has made over the last 20 years and the strides the profession must continue to make as part of a keynote at the ICA’s 2021 BIG Compliance Festival.

Lefort_opinion

5 reasons to be excited for Compliance Week 2021

2021-05-06T17:54:00+01:00By

Editor in Chief Dave Lefort shares what he’s most looking forward to ahead of Compliance Week’s 16th annual National Conference from May 11-13.

Jaeger_opinion

Cancel culture stresses need for senior execs to practice mindfulness

2021-05-04T17:54:00+01:00By

Given the “cancel culture” era we are in today, writes Jaclyn Jaeger, the need for senior executives to be mindful about the things they say and do outside the workplace is more critical than ever before.

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LRN survey: Compliance and ethics rose to challenge of COVID-19

2021-04-30T16:54:00+01:00By

LRN’s “2021 Ethics & Compliance Program Effectiveness Report” highlights the strengthening of ethical culture that has occurred during the COVID-19 pandemic.

Citgo

Citgo names Steven Scarpino as first stand-alone CECO

2021-04-26T20:02:00+01:00By

Citgo Petroleum Corp. announced the appointment of Steven Scarpino to serve as its first stand-alone chief ethics and compliance officer reporting directly to the CEO and audit committee of the board of directors.

Nailedit1200x800

Video: ABN AMRO refreshingly accountable; pharmacists lose in COVID-19 vaccine push

2021-04-22T19:36:00+01:00By Compliance Week

Kyle Brasseur seeks silver linings from ABN AMRO’s €480 million settlement for AML failures, while Aly McDevitt calls out the retail pharmacies overextending their employees for the sake of distributing more COVID-19 vaccines.

Coca-Cola

Coca-Cola replaces top legal counsel with CCO

2021-04-22T16:23:00+01:00By

The Coca-Cola Company has pushed out its top legal counsel after less than a year on the job and named its chief compliance officer to replace him.

woods

ABN AMRO fine response suggests moral compass of banking is shifting

2021-04-21T18:26:00+01:00By

ABN AMRO CEO Robert Swaak acknowledging his bank’s “moral duty” to prevent money laundering should be welcomed by all in the global AML community as progress, writes Martin Woods.

Coronavirus domino effect

Study: How compliance managed COVID’s effects on incident reports

2021-04-20T19:21:00+01:00By

The coronavirus pandemic dramatically altered incident reports and investigations in 2020. Despite facing unprecedented challenges, as analyzed in NAVEX Global’s latest benchmark study, compliance officers met the moment.

Brasseur_opinion

New chief compliance officer, same Facebook

2021-04-16T14:29:00+01:00By

It isn’t surprising to see Facebook think it doesn’t have an ethical obligation to alert users to its latest data leak, writes Kyle Brasseur, but it is disappointing knowing the company now has a chief compliance officer in place.

Nailedit1200x800

Video: Kudos to whistleblower chief Jane Norberg on successful SEC tenure

2021-04-15T18:03:00+01:00By Compliance Week

Aaron Nicodemus applauds outgoing SEC whistleblower chief Jane Norberg for “revolutionizing” the program and the agency, while Kyle Brasseur laments Facebook’s ethical bungling of its recent data leak.

Walmart

Walmart ethics and compliance chief Daniel Trujillo to depart

2021-04-14T14:03:00+01:00By

Daniel Trujillo, executive vice president and global chief ethics and compliance officer at Walmart, is leaving the company “to pursue other opportunities,” according to an internal memo shared with employees.