Critical Lessons from the Volkswagen Scandal | Corporate …
Sep 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 ...
Home CCI | Corporate Compliance Insights | Compliance, Ethics, …
4 days ago · by Staff and Wire Reports. October 2, 2024. Nearly 33 million U.S.-based business entities are obligated to file beneficial ownership reports with FinCEN under the Corporate Transparency Act (CTA). But as of this summer, only a fraction — fewer than 10% — had filed, Treasury Secretary Janet Yellen said in July congressional testimony.
Using Metrics and KPIs to Measure Compliance Program …
Feb 4, 2018 · Calibrate expectations. If you are a compliance/ethics officer in a company with well run functions (legal, HR, regulatory, etc…) your firm’s compliance and ethics performance is probably already pretty good. To go from 98% to 99% compliance may require as much focus, discipline and energy as achieving the first 98%.
8 Crucial Compliance KPIs - Corporate Compliance Insights
Dec 19, 2023 · Compliance metrics, often intertwined with key performance indicators (KPIs) and key risk indicators (KRIs), are essential tools to gauge a company’s adherence to both internal protocols and external regulations. These metrics offer insights into the effectiveness of an organization’s compliance program, shedding light on areas of strength ...
Creating an Effective Code of Conduct (and Code Program)
Jul 1, 2018 · This tone connects responsible conduct to the company’s and the employee’s success. Such a tone can inspire employees to appreciate the code’s role in the company’s success and ow the employee, by following it, can help make a profound difference. 7. Provides Clear Expectations of Compliance.
Key Topics to Cover in Your Compliance Training – and How to …
Jul 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 ...
10 Ways to Improve Your Risk Assessment Process
Dec 21, 2018 · To that end, following are 10 practices that will help management and directors maximize the value derived from the risk assessment process. 1. Involve the appropriate people. Surveys we have conducted over the past seven years indicate, without exception, that different senior executives and operating unit and functional leaders often have ...
What Would You Do? Ethical Dilemmas in the Workplace
Apr 5, 2017 · What do you do? The manufacturing cost of the widgets your company makes has dropped by 50%. One of your customers, Sam, tells you he knows this because he is best friends with your company’s VP of production and asks you for a discount on his order. Your boss okays the discount. Your other customer, Sue (who is one of your best friends and ...
10 Questions You Should Ask About Risk Management
Feb 18, 2022 · Jim DeLoach Jim DeLoach, a founding Protiviti managing director, has over 35 years of experience in advising boards and C-suite executives on a variety of matters, including the evaluation of responses to government mandates, shareholder demands and changing markets in a cost-effective and sustainable manner. He assists companies in integrating risk and risk management with strategy setting ...
Difference between Compliance and Ethics - Corporate …
Nov 3, 2014 · Michael Volkov Michael Volkov is the CEO of The Volkov Law Group LLC, where he provides compliance, internal investigation and white collar defense services. He can be reached at mvolkov@volkovlaw.com.Michael has extensive experience representing clients on matters involving the Foreign Corrupt Practices Act, the UK Bribery Act, money laundering, Office of Foreign Asset Control (OFAC), export ...