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.
The world is a mess. A still-surging life-threatening virus has brought the entire planet to its knees. Health systems and front line warriors are completely overwhelmed and at risk. In our attempt to respond to COVID-19 by sheltering-in-place we face a global economic collapse not seen since the Great Depression. Particularly hard hit by theContinue reading “A Commencement Address”
Author Mary Higgins Clark once noted there are only three places in the world that begins with the article “The” – The Hague, The Vatican, and The Bronx (also known as Da Bronx). My journey began in that colorful, closely-knit bedroom borough north of Manhattan comprised mostly of lower/middle and middle class people from various ethnic backgrounds, spread among numerous apartment houses and single-family homes.
For most of my career, my routine was predictable. I awakened early, well before dawn. After showering and getting dressed, I’d pour a cup of coffee into my travel mug, get into my car, and begin the 50 mile drive to my office in lower Manhattan. Upon arrival I would check my in-box, and reviewContinue reading “A Defining Moment: Dealing With Disruption”
No living generation has ever experienced a pandemic. When the novel coronavirus knocked on our door, there was no playbook to rely on. We are in virgin territory, blindly Brailleing our way into a very uncertain future. As much as we pray for a quick resolution to this crisis – sufficient and reliable testing andContinue reading “A Defining Moment”
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”
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”
We stand at the end of an age, and at the beginning of a time not yet defined. Uniquely, we have an opportunity to participate in defining it. Thus is the call of leadership.