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WEBSeptember 11, 2024. Successful internal investigations can be extremely valuable corporate governance tools. The effective identification, investigation and remediation of risks that arise within a business are integral to mitigating the legal, commercial and reputational harm they threaten. David Hamilton, partner and business crime and ...
Critical Lessons from the Volkswagen Scandal | Corporate …
WEBSep 11, 2020 · There are lessons to be learned from VW’s errors. In 2015, the company confessed to cheating emissions tests on 11 million vehicles across the globe. “Dieselgate,” as the scandal was called, was a punch to VW’s reputation. The financial hit, significant. The company has paid a whopping $9.5 billion in the last four years to American car ...
Best Practices for Mitigating Co-Employment and Independent …
WEBMar 28, 2011 · Mitigating co-employment and independent contractor compliance risks is an ongoing process. A one-and-done strategy will not protect your business. Implementing periodic internal audits of your entire workforce can help, as well as identifying the number and classifications of non-employees throughout your business.
The Growing Need for Business Continuity Audits
WEBNov 5, 2020 · A type of risk assessment that serves as the foundation of a BCM program, the BIA enables organizations to capture and effectively measure the potential business impacts of a disruption (i.e., operational, reputation, financial, regulatory or compliance impacts). The objective of the BIA is to establish recovery priorities for business ...
Compliance Articles & News | The Web's Top Corporate …
WEBby Jonathan Armstrong. August 14, 2024. The European Union’s landmark AI Act formally went into effect Aug. 1, changing the way artificial intelligence is regulated across Europe — and, indeed, around the world. This first-ever comprehensive legal framework aims to ensure that AI systems released in the EU market and used in the EU are safe.
Ethisphere Announces the 2021 World’s Most Ethical Companies
WEBNew York, NY (February 23, 2021) – Ethisphere, a global leader in defining and advancing the standards of ethical business practices, today announced the 135 honorees representing 22 countries and 47 industries that have earned the coveted designation of World’s Most Ethical Companies® in 2021. This is the 15th annual recognition of ...
Effective Corporate Compliance Programs
WEBDec 3, 2010 · A corporate compliance program is generally defined as a formal program specifying an organization’s policies, procedures, and actions within a process to help prevent and detect violations of laws and regulations. It goes beyond a corporate code-of-conduct since it is an operational program, not simply a code of expected ethical behavior.
Role of a Corporate Compliance Officer
WEBAug 19, 2014 · Today, a CCO is likely to be a senior corporate official in charge of overseeing and managing compliance issues within an organization, ensuring, for example, that a company is complying with regulatory requirements and that the company and its employees are complying with internal policies and procedures. In highly regulated industries, such ...
Key Topics to Cover in Your Compliance Training – and How to …
WEBJul 12, 2021 · It’s the same at every job: An employee’s first day (or even week) is dedicated not to doing the work they were hired to do, but to learning how to do the work. Even if they have experience in the field, the new employee needs to be trained on the specific policies and procedures in place at the company.. While this type of training, known as “compliance training,” may seem tedious, it ...
Does Your Compliance Program Contain the 5 Essential Elements?
WEBDec 1, 2019 · The five elements are: Leadership. Risk Assessment. Standards and Controls. Training and Communications. Oversight. Leadership. This point means more than the “tone at the top; a successful compliance program must be built on a solid foundation of ethics that are fully and openly endorsed by …