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“Why not go out on a limb? That's where the fruit is.” -- Will Rogers " Change is the law of life and those who look only to the past or present are certain to miss the future." -- John F. Kennedy The compliance profession continues to evolve and
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Character and personal force are the only investments that are worth anything. – Walt Whitman A company’s character includes avoiding the appearance of, or actual, conflicts of interest. Compliance professionals need to pay more attention to conflicts of interest. In some instances, companies have not even adopted conflict of interest
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I hate to write a negative column. It is contrary to my nature and perspective. It is easy to complain. It is far more difficult to come up with practical solutions. We all know colleagues who love to complain but do nothing about the problems they complain about. Eventually, a
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The FCPA crystal ball is constantly shifting. Sometimes patterns emerge and trends become evident. FCPA enforcement is fairly consistent with occasional blips. What becomes trend setting often becomes the new norm. Just look at the changes in Schedule C, and the compliance program requirements. Look at the Schedule Cs from
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Plan for the future because that's where you are going to spend the rest of your life. - Mark Twain The SEC enforces its books and records and internal controls provisions, most of which involve non-FCPA violations. The Justice Department has responsibility for prosecuting criminal violations of the
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When you review the actual law surrounding books and records and internal controls, you wonder to yourself what took the Justice Department and the SEC so long to discover the full power of the provisions. My explanation for this is pretty basic – when you have companies’ self-disclosing bribery violations,
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I was recently inspired by Tom Fox’s excellent writings on the COSO 2013 framework, and his examination of internal controls issues – see here, here, and here. Today, I begin my own series on internal controls but from a slightly different perspective. The Justice Department and the SEC are evolving
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The controversy surrounding Deferred Prosecution Agreements (“DPAs”) and Non- Prosecution Agreements (“NPAs”) continues to boil. In response to continuing criticism that the Justice Department is using DPAs and NPAs to coddle or let companies off the hook, the Justice Department has been channeling former President Regan’s famous speech in
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There is a lot written on the value of symbols in political and public relations campaigns. My favorite President, Franklin Roosevelt, was a master at using symbols to communicate powerful ideas to the public. Ronald Reagan later adopted many similar approaches to influence public opinion. A company operates in much
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A compliance program requires accountability. You can have ethics and you can have compliance policies, procedures and all the bells and whistles, but someone has to be accountable. Without it, a compliance program will just float along, waiting for the next catastrophe to hit. It is hard to watch an
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A company is its own world. A culture of ethics and compliance cannot exist without organizational justice. If company managers and employees perceive that the internal justice system does not work, the company will be unable to foster the critical values of integrity and trust. The company's culture
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I have several pet peeves in the ethics and compliance space (who knows, maybe in the personal space as well but we are all reluctant to acknowledge those except to our loved ones). I know this sounds petty but hear me out. If you look at older healthcare compliance resource