Governance

rotten core

FIFA: A Lesson in Corporate Governance

Overly complicated systems aren't necessarily superior to more simplistic ones. Take FIFA's matrix for determining team ranking, for example. It takes either a lifelong, die hard fan to understand it or an advanced degree in math. It could be argued, in fact, that unnecessarily complex systems simply serve to distract attention from what's really going on.

secret service

Common Sense

There are many who argue that deferred and non-prosecution agreements allow corporations -- and the culpable individuals within them -- to get off scot-free. And they have a point, don't they? Research shows that in the vast majority of FCPA enforcement actions by the DOJ, no charges are filed against corporate employees. I can think of ...

partners

Achieving Collaborative GRC Accountability: the Power of Convergence

It's no secret that the most effective risk and compliance programs are the product of integrated systems and functions. When risk, compliance, and governance exist in separate silos, information slips through the cracks, opportunities are missed and redundancies abound. Just imagine the value of all three functions working in concert!

supply chain

Successful SRM Doesn’t Happen By Accident

The key to successful supplier relationship management? Intentionality. Careful thought and planning is in order if you hope to manage risks well throughout the supply chain. SRM expert Brad Carlson dives into which areas need the most attention if you're going to have a comprehensive, structured approach to managing those supplier relationships.

homerun

Home Runs for CEOs

Executive compensation is a hot button issue, especially when it's discussed in the same context as the pay of employees with boots on the ground in the same organization. But should we be getting our feathers ruffled at the disparity in income between CEOs and hourly workers? When it comes to output and value, they're not even ...

game plan

A CCO Job Function: Managing Talent

CCOs have a big job, no question. In addition to developing and strengthening the compliance program and remaining attentive to ethical concerns throughout the organization, the CCO has the responsibility of managing his bench of compliance practitioners. Given the egos often prevalent among top talent, this is no small feat...

wall street

Is More Corporate Governance the Answer? (Part 3 of 5)

Having explored the events of the 1970s that ushered us into a lengthy period of corporate reform, Glen Jenkins now walks us through the 1980s. An economy initially in recession later made quite the turnaround, and with that growth came several now infamous schemers. The perpetrators of the major financial crimes of the 80s only brought on ...

courage

Great Expectations: What your Board Expects from Ethics, Compliance and You

It stands to reason that in order to meet the Board's expectations, you first must have a solid understanding of what those expectations are. Steve Priest offers insight into what the Board wants to see from compliance practitioners, beyond merely performing the job well. There are lesser talked-about traits that separate the average team member from the ...

test

Don’t Blame the Test

In its efforts to level the playing field for all candidates, the government continues to toss out measures designed to separate the "cans" from the "cannots." While we want to avoid biased tests, it's critical that we not throw out the baby with the bath water. Let's consider that the problem may not be with the assessment ...