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COVID-19 has had a devastating impact. The public health crisis has caused tragic human loss and is overwhelming the United States healthcare system. Businesses have suffered along with the public. Business face real challenges managing the crisis, their respective supply chains and employees. In the second part of a
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COVID-19 has had a devastating impact. The public health crisis has caused tragic human loss and is overwhelming the United States healthcare system. Businesses have suffered along with the public. The lack of federal leadership has been glaring. States and local governments are coping the best they can despite
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Congress enacted the largest economic stimulus bill in history, totaling approximately $2 trillion to protect US families and businesses from massive economic damage resulting from the COVID-19 pandemic. Copy of CARES Act HERE. The package includes: * $454 billion in loans and guarantees to businesses * $349 billion in small business
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Chief compliance officers and human relations leaders are facing enormous challenges in this COVID-19 pandemic. The shut-down of offices and orders to employees to work from home or “tele-work” creates a unique set of risks. Many companies already permit employees to work from home. But we have
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Elizabeth Slim, Senior Consultant at The Volkov Law Group, joins us for a posting on AML and BSA compliance during the current pandemic crisis. Elizabeth can be reached at eslim@volkovlaw.com. The COVID-19 outbreak has affected all of us and we now face the new normal of self-
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Companies dedicate time and resources to enterprise risk management. This is a much broader focus than legal and compliance risks – instead, enterprise risks identifies some of the major catastrophes -- e.g. one company had serious weather event risks and disruption of manufacturing activities or another faced supply chain risks when
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These are scary times. We have not experienced such a crisis in our lifetimes. 9-11 was a traumatic event with a tragic impact on our country. The COVID-19 crisis is presenting all of us with enormous challenges. Health and safety is our primary concern while the COVD-19
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The future doesn’t belong to the faint-hearted; it belongs to the brave. – President Ronald Reagan Confidence... thrives on honesty, on honor, on the sacredness of obligations, on faithful protection and on unselfish performance. Without them it cannot live. – President Franklin D. Roosevelt There are risks and costs to
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Many global companies are behind the eight-ball (translation, slow to implement) effective antitrust compliance programs. A small number of companies, some of which have suffered antitrust enforcement actions or operate in high-risk industries, have implemented innovative antitrust compliance programs. These programs stand out in the compliance landscape. An
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Like all compliance programs, a company lives or dies based on its ethical culture. A company with a poor culture that operates in a concentrated competitive market has significantly higher antitrust risks than companies with a strong ethical culture. This basic and well understood premise has to be considered in
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In July 2019, the U.S. Justice of Department’s Antitrust Division ended a long-running controversy surrounding compliance program credit by issuing its Evaluation of Corporate Compliance Programs in Criminal Antitrust Investigations(“Antitrust Guidance”). The Antitrust Guidance is a terrific resource, filled with excellent ideas and innovative suggestions. Companies
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We all are familiar with the “horror” stories circling numerous infamous corporate scandals – Wells Fargo, Boeing, General Motors, Airbus, Ericsson, HSBC and on and on. When you read about each of these scandals, layer by layer, the corporation is infected with a culture of wrongdoing. In these situations, senior management,