The life-threatening pandemic, along with the global economic collapse, raise significant new risks for organizations everywhere. Ethics and compliance executives are challenged to deal with these new (ab)normal conditions, while facing considerable pressure to do “more with less.” This article explores these issues, and calls attention to how and where risk managers need to prioritize their time and activities in order to manage against a tsunami of increasing risks.
Without question risks in today’s world are rising, as are the expectations of enforcement authorities. CCOs are on the front line of managing organizational risk and preserving reputation capital. In this environment, the challenges, risks and potential liabilities for CCOs are growing….
A symbiotic relationship between ethics and compliance can help companies deliver shareholder value and mitigate risks. Keith Darcy, independent senior advisor to Deloitte & Touche LLP’s Governance, Regulatory & Risk Strategies enterprise compliance practice, discusses how boards can guide an organization’s ethics and compliance efforts in light of heightened regulatory scrutiny and emerging threats. Mr.Continue reading “Keith Darcy: How Boards Can Raise the Bar on Ethics and Compliance”
“Broadly ethics and compliance programs are effective when they are industry specific metrics oriented and operationalized” noted Keith Darcy, an independent senior advisor to Deloitte Touche LLP’s Regulatory and Operational Risk practice and a presenter on the webcast. He pointed to several requirements issued by the US government to operationalize and standardize corporate compliance programsContinue reading “Curbing Bribery and Corruption with a Strong Corporate Culture”
Managing risk within a global organization includes identifying new and emerging threats and expanding the reach of its ethics and compliance programs despite still challenging economic conditions. In this second of two articles featuring Keith Darcy, independent senior advisor to Deloitte & Touche LLP’s Governance, Regulatory & Risk Strategies enterprise compliance practice, he discusses howContinue reading “Managing Global Ethics and Compliance as an Asset, not an Expense”
As global regulations proliferate and stakeholder expectations increase, organizations are exposed to a greater degree of compliance risk than ever before. Specifically, compliance risk is the threat posed to a company’s financial, organizational, or reputational standing resulting from violations of laws, regulations, codes of conduct, or organizational standards of practice. To understand their risk exposure,Continue reading “Compliance Risks: What You Don’t Contain Can Hurt You”
In the face of a skeptical audience, self-assured in their own ethical values and performance and questioning as to the value and need for compliance, Keith Darcy provides an important reminder of the story behind the emergence of a new profession, in a world demanding both greater wealth, and higher moral standards where the endsContinue reading “The Effective Practitioner – Ethics and Compliance: Birth of a Profession”