News & Analysis as of

Chief Compliance Officers Employees Corporate Governance

Thomas Fox - Compliance Evangelist

Bank of America’s Corporate Culture Crisis: Part 4 – A Tale of Metrics and Misalignment: Lessons for Compliance Professionals

Compliance professionals constantly seek to understand how systemic issues within corporate hierarchies can lead to severe consequences. The recent revelations about Bank of America’s (BoA) persistent workplace culture...more

Thomas Fox - Compliance Evangelist

Bank of America’s Corporate Culture Crisis: Part 1 – A Case Study in Failure

Compliance professionals constantly seek to understand how systemic issues within corporate hierarchies can lead to severe consequences. The recent revelations about Bank of America’s (BoA) persistent workplace culture...more

Society of Corporate Compliance and Ethics...

The importance of explaining why

Writing, implementing, and enforcing strong compliance-related policies is critical to any compliance and ethics program. So, why do so many compliance failures occur due to breakdowns in internal controls?...more

Thomas Fox - Compliance Evangelist

Culture Week: Part 5- A Listening Tour To Improve Culture

We conclude our focus on culture this week by returning to some of our long-time compliance roots for improving culture, such as the listening tour. In 2022, returning Starbucks Chief Executive Officer (CEO) Howard Schultz...more

Thomas Fox - Compliance Evangelist

Culture Week: Part 4- Employee Engagement to Improve Culture

Suppose there is one thing I have learned from working with Carsten Tams, an ethical business architect and founder and chief executive officer (CEO) of Emagence LLC. In that case, employee engagement is one of the very top...more

Thomas Fox - Compliance Evangelist

A Shifting Mindset Towards Prevention

I do not think it would be too controversial to say that compliance programs play a crucial role in ensuring that organizations adhere to legal and ethical standards. That is basically what we are all striving to do. However,...more

The Volkov Law Group

The Key Elements of an Employee Reporting System (Part II of III)

The Volkov Law Group on

Corporate leaders know what to say and when to say it – for example, a CEO may state at an employee meeting, “We want to hear your concerns. We want you to bring these concerns forward and we will address them.  We are...more

Society of Corporate Compliance and Ethics...

Navigating employee burnout in a new normal: The role of ethics and compliance

Whether or not you believe the COVID-19 pandemic is over, it is essential for employers to realize we are in a new normal that has created change in the workplace and a surge in employee burnout. The American Psychological...more

Thomas Fox - Compliance Evangelist

Using Your Employees to Innovate and Transmit the Message of Compliance

Yesterday I wrote about the use of internal employee crowdsourcing as an innovation tool for a Chief Compliance Officer (CCO) to enhance a best practices compliance program. Multiple readers noted the topic with approval and...more

The Volkov Law Group

The Purpose of Compliance: Promoting a Positive, Not Preventing a Negative

The Volkov Law Group on

One thing about maintaining a blog – you have nightmares (alright something a little less than that) about consistency in writing. All of us can be accused of having “evolving” positions, so maybe that is my rationalization....more

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