Ethics & Culture


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.

David Lefort

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.

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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.

David Lefort

‘Coming Clean’ case study not just a Volkswagen story

2021-04-30T16:43:00+01:00By

Volkswagen’s recently concluded three-year monitorship is chronicled in CW’s latest in-depth case study: “Coming Clean: Volkswagen’s Dieselgate scandal and compliance monitorship.” It will be published for members during the week of May 17.

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.

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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.

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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.

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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.

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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.

PCAOB

Ex-PCAOB risk officer files lawsuit alleging harassment, discrimination

2021-04-13T17:42:00+01:00By

The former chief risk officer of the PCAOB says she was subjected to a campaign of harassment and discrimination before she was unlawfully fired last year.

Take note

Three tips for beginning a career in compliance

2021-04-12T16:24:00+01:00By Jason Morris, International Compliance Association

Substantial investments from industries like financial services have helped raise the status of compliance as a rewarding career path. Jason Morris of the ICA provides insight on where aspiring compliance officers can get started.

Diversity

Ask a diversity officer: Creating a diversity, equity, and inclusion program

2021-04-06T13:00:00+01:00By

We asked seven prominent diversity leaders across a multitude of industries to share one key message or words of advice for other companies as it relates to creating a diversity, equity, and inclusion program.

Edna Kane-Williams

More than a fad: The rise of the chief diversity officer

2021-04-06T13:00:00+01:00By

Protests calling for social justice over the last year have led to more companies appointing diversity, equity, and inclusion officers. The critical role the position plays alongside compliance cannot be overstated, writes Jaclyn Jaeger.

James Comey

James Comey: Buckle up for dangerous post-pandemic risk landscape

2021-03-30T17:41:00+01:00By

Former FBI Director James Comey predicted a “time of extraordinary change” is ahead for the compliance profession in the post-pandemic world during a prerecorded video message at Compliance Week’s Financial Crimes virtual event.

Volkswagen

Volkswagen to seek damages from former CEOs over Dieselgate

2021-03-29T20:40:00+01:00By

Volkswagen’s supervisory board has accused former CEOs Martin Winterkorn (Volkswagen) and Rupert Stadler (Audi) of negligent breaches of duty during the diesel scandal.

woods

In the battle over whistleblowers, money matters

2021-03-26T16:47:00+00:00By

Is there competition among international regulators with courting whistleblowers? If so, writes Martin Woods, the path to victory is obvious: monetary incentives.

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Video: Goldman junior banker scandal puts Wall Street ethics in spotlight

2021-03-25T20:22:00+00:00By Compliance Week

Kyle Brasseur reviews the Goldman Sachs junior banker scandal and whether complaints of employee crunch on Wall Street can lead to change in working conditions.

Tesla

Tesla braces for investor lawsuit with senior compliance appointment

2021-03-23T20:02:00+00:00By

Tesla in February appointed David Searle as deputy general counsel and senior director of compliance. The electric car maker is currently facing an investor lawsuit criticizing its board for failing to appoint a general counsel to control CEO Elon Musk.

Fox News

Fox Corp. names new CECO, general counsel

2021-03-23T19:02:00+00:00By

Media giant Fox Corporation shook up its ethics and legal departments with the appointments of Jeff Taylor as general counsel and Nicholas Trutanich as chief ethics and compliance officer.

DigitalChecklist

Can compliance keep pace in a rapidly changing digital world?

2021-03-22T17:52:00+00:00By Jonathan Dempsey, International Compliance Association

In a rapidly changing digital world, thinking around compliance needs reframing. The question today is whether compliance can stay ahead of the curve.

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Video: Lawsuit calls out Tesla general counsel carousel

2021-03-18T19:18:00+00:00By Compliance Week

Aly McDevitt praises several German companies for taking initiative ahead of an impending law mandating female representation on boards, while Kyle Brasseur reviews a shareholder lawsuit that criticizes Tesla’s instability at the general counsel position.

woods

Tolerance key to defining company culture

2021-03-18T13:28:00+00:00By

Many believe culture is all about conduct, but the culture sitting behind the conduct is based upon tolerance and intolerance, writes Martin Woods.

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Video: Meghan Markle, Burger King, and lessons in reputation management

2021-03-11T22:08:00+00:00By Compliance Week

Aly McDevitt examines Meghan Markle’s tell-all interview with Oprah through the scope of a whistleblower and highlights Burger King’s International Women’s Day Twitter fail as a lesson for companies in assessing social media reputation risks.

Coronavirus cost rise

Ethics survey: Employee pressure on the rise amid COVID-19

2021-03-10T21:19:00+00:00By

A new global business ethics survey conducted by the Ethics & Compliance Initiative found employees are experiencing more work-related pressure as compared to before the coronavirus pandemic.

Diversity

Four ways you can support diversity and inclusion at your company

2021-03-10T16:51:00+00:00By

Diversity and inclusion leaders from Procter & Gamble and The Hartford share key elements for successfully achieving and sustaining a work environment that respects and fosters diversity, equity, and inclusion.

Women advice

Ask a CCO: Advice from women leaders in compliance

2021-03-08T18:57:00+00:00By

Compliance Week catches up with a handful female chief compliance officers who had heaps of valuable wisdom and words of advice to share on being everyday leaders in the profession.

International Women's Day

In their words: Celebrating women in compliance on International Women’s Day

2021-03-08T15:33:00+00:00By

In celebration of International Women’s Day, Compliance Week caught up with female CCOs to discuss the mentors in their lives; the importance of serving as mentors themselves; how they’ve turned challenges into opportunities; and more.

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On International Women’s Day, we should ‘Choose to Challenge’

2021-03-08T15:10:00+00:00By

International Women’s Day isn’t just about celebrating women. It’s also about challenging norms. As such, CW’s Aly McDevitt challenges you to read this piece without flinching.

David Lefort

CCOs, take note: ESG is having its moment

2021-03-01T18:22:00+00:00By

The Biden administration is not so quietly making big moves in the area of ESG regulatory initiatives that should give CCOs the cachet to elevate these issues closer to the top of the priority list at their organizations.

New workplace screenshot

CW panel: Preparing for the return to the workplace—and the next pandemic

2021-02-25T17:06:00+00:00By

Experts at CW’s “Compliance Considerations for the New Workplace” virtual summit discuss striking the balance between complying with laws applicable to matters of health and safety while still respecting employee privacy in the return to the office and beyond.

Dorit Rubinstein Reiss

Legal precedent for COVID-19 vaccine mandates on shaky ground, expert says

2021-02-24T21:08:00+00:00By

Mandating COVID-19 vaccines for your workplace might not be as straightforward as following the legal precedent set by flu vaccines, an expert explained at CW’s “Compliance Considerations for the New Workplace” virtual summit.

askamii

Best practices for navigating political discussions among coworkers

2021-02-23T15:32:00+00:00By

It’s not realistic to outright ban talk of politics with coworkers, but in today’s polarized climate it’s smart to set policies and educate employees about lines that should not be crossed.

Northern Ireland

Northern Ireland turns up heat on modern slavery transparency

2021-02-19T20:18:00+00:00By

Northern Ireland Justice Minister Naomi Long has launched two consultation documents on measures to eradicate modern slavery from the supply chains of public- and commercial-sector organizations.

Boss

Are CEOs really the best people to set the compliance example?

2021-02-18T16:14:00+00:00By

After a bad week for motivational leadership in the United Kingdom, experts expound on who should really set “tone from the top.”

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Murphy Oil, Marathon Oil ESG incentives a positive step for oil industry

2021-02-16T20:44:00+00:00By

The willingness of Murphy Oil and Marathon Oil to adjust their executive compensation frameworks, in part, to better align with their environmental targets is a rarity in the oil and gas industry and deserving of credit, writes Jaclyn Jaeger.

Gavel

National Holdings nears settlement with former chief compliance officer

2021-02-16T18:46:00+00:00By

National Holdings has reached a proposed settlement in a lawsuit filed by a former chief compliance officer who alleged she was fired for investigating insider trading by the brokerage firm’s executives, although the firm denies the allegations.

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‘The Empathetic Workplace’ can help you navigate hard conversations

2021-02-16T15:12:00+00:00By

Aly McDevitt reviews “The Empathetic Workplace” by Katharine Manning, a practical guide that offers an eye-opening look into how employers should use empathy and soft skills to respond to employees in crisis.

KPMG building

KPMG UK chair resigns over controversial pandemic remarks

2021-02-12T19:40:00+00:00By

KPMG UK Chairman Bill Michael has resigned after controversial remarks he made about the coronavirus pandemic during a virtual town hall meeting offended several employees and were subsequently made public.

James Comey

Former FBI Director James Comey to speak at two upcoming CW events

2021-02-12T18:53:00+00:00By

Compliance Week is pleased to announce James Comey will be joining two key virtual events this year—“Financial Crimes: Risks, Trends, and Proven Practices” from March 30-31 and “Compliance Week 2021” from May 11-13.

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Video: Wirecard’s failings back in spotlight

2021-02-11T21:40:00+00:00By Compliance Week

Jaclyn Jaeger lauds two oil companies for raising the bar on ESG commitment in the industry, while Dave Lefort assesses new developments in the Wirecard saga that point to greater failures in the firm’s internal controls.