Scratch the surface of most business scandals and you’ll find unhealthy corporate cultures. Pick your story—Volkswagen, Wells Fargo, Airbus—in all of these cases, serious business issues stemmed in part from a culture that was more focused on results than on doing the right thing. Ironically, this focus only on business success at the expense ...
The Kingdom of Saudi Arabia’s national development strategy, “Vision 2030,” is an ambitious proposal that aims to build upon the country’s geographic location, resources, and unique strengths and capabilities. It challenges all Saudis to create an environment that unlocks business opportunities at home and abroad, strengthens the economy, and creates jobs. ...
With the growing interest in environmental, social, and governance (ESG) topics among investors, legal and investor relations professionals are frequently asked to wear a new hat—that of an acting sustainability leader. While it is clear to these “sustainability officers” that investors care about ESG issues in a broad sense, it is usually less clear ...
While attending this year’s Bloomberg Sustainable Business Summit, Ethisphere Executive Editor Tyler Lawrence had a chance to talk with Hewlett Packard Enterprise’s Chief Sustainability Officer Chris Wellise. The conversation touched on HPE’s innovations towards a circular economy, the challenges of reducing environmental impact in the supply chain, and the future of ESG metrics for ...
On the topic of ESG, there is no shortage of ideas. A few months ago, I set out to see if there was consensus as to just what we mean when we say “ESG”, especially as regards to the “S,” and to any reporting methodologies. As an individual (in the same shoes as an ...
On March 8, 2019, the Department of Justice (DOJ) announced welcome revisions to its November 2017 Foreign Corruption Practices Act (FCPA) Corporate Enforcement Policy, now incorporated as Justice Manual (JM) 9-47.120. The 2017 Policy had introduced a rebuttable presumption that the DOJ would decline to prosecute companies that voluntarily self-disclose, fully cooperate, ...
Against the background of continuous scandals in the corporate world and other institutions, ethics and compliance professionals play an increasingly critical role in their organizations today—nothing less than preventing misconduct and remediating it effectively when it occurs. Add to that the increasing focus by regulators on results, not just program design and implementation, seen ...
There is no shortage of best practice advice on the tenets of an effective compliance program, but finding guidance on demonstrating, testing and documenting program effectiveness can be a challenge. Regulatory bodies have largely made clear their requirements for compliance program assurance: they expect compliance officers to test, monitor and continuously refine policy, procedures ...
Leaders today are navigating a business environment that is evolving at a record pace. And while financial measures of success proliferate, savvy business executives realize that the full measure of a corporation’s value transcends the balance sheet. Faced with this reality and the rapid pace of change, chief executive officers and boards of directors ...
