Over at the Society of Corporate Compliance and Ethics bulletin boards there was a great deal of discussion about whether the CECO should hold a concurrent role as general counsel or whether the positions should be split. Here are a collection of reasons: In some industries, including healthcare, the government has specifically stated that it … Read more »
Category: Compliance Programs
IT for GRC: Improving Information Quality
Carole Switzer, President of OCEG and Lee Dittmar, principal of Deloitte Consulting LLP presented this webinar. There is an imperative to improve governance, risk management and compliance processes to better manage risk, address increasing regulatory requirements, increased executive accountability and the fragmentation of information. It is about getting the right information, to the right person, … Read more »
Evolution of Compliance
I watched a recorded webinar presented Complinet: Compliance Evolution: Lessons Learned, Forgotten and Ignored. (March 13, 2008) Betsy Prout Lefler, the Deputy Director of Compliance at Piper Jaffray and Co. gave the presentation. There are many different perspective on compliance and what compliance professionals do. In part because the role has changed very quickly. At … Read more »
What are WIFs?
My notes from the EthicsPoint webinar on intake models and the value of web intake forms. The presenter was Erin Watkinson a business solutions consultant at EthicsPoint. A custom web intake form is a replacement for paper based forms. You can use the web to report on issues. Reporting should encourage employees to first go … Read more »
Investigating Suspected Financial Accounting Irregularities
I watched the webinar from EthicsPoint and Kroll on Investigating Suspected Financial Accounting Irregularities. Jed Davis is the Managing Director in the Business Intelligence and Investigations Division of Kroll and Dave Hess is the Managing Director of the Forensic Accounting and Litigation Consulting Division of Kroll. Dave emphasized the need to have a plan in … Read more »
Know Your Customer Podcasts
You can find a seried of FINRA Compliance Podcasts on their Compliance Podcast webpage and from iTunes. Last summer they have a few on Customer Identification Programs and Anti-Money Laundering programs: Anti-Money Laundering for Operations Staff (July 7, 2008) AML – Customer Identification Program (Part 1) (June 16, 2008) AML – Customer Identification Program (Part … Read more »
Code of Business Ethics for Jones Lang LaSalle
Jones Lang LaSalle Incorporated was named to The Ethisphere Institute’s 2008 World’s Most Ethical Companies list. The World’s Most Ethical Companies are the ones that go above and beyond legal minimums, bring about innovative new ideas to expand the public well being, work on reducing their carbon footprint rather than contributing to green washing and … Read more »
Making Smarter Risk Decisions
PriceWaterhouseCoopers published Making Smarter Risk Decisions. The paper looks at how the most successful organisations define their risk appetite and integrate this appetite into business strategy and culture so that all facets of the business consistently apply the desired risk thresholds, top down, to decision making, an organisation can achieve optimal performance and compliance and … Read more »
Iraq Is Quietly Firing Fraud Monitors
From James Glanz and Riyadh Mohammed of the New York Times: Premier of Iraq Is Quietly Firing Fraud Monitors. The dismissals, which were confirmed by senior Iraqi and American government officials on Sunday and Monday, have come as estimates of official Iraqi corruption have soared. One Iraqi former chief investigator recently testified before Congress that … Read more »
Assessing Corporate Culture
Ed Petry of the Ethical Leadership Group put together a two part paper on Assessing Corporate Culture: Assessing Corporate Culture – Part I and Assessing Corporate Culture – Part II. [There are] specific steps that compliance and ethics officers can take to begin the process of identifying their organizations’ culture including: • Conduct surveys, focus … Read more »