CEP Magazine

  1. Protect employees from workplace discrimination amid war and geopolitical crisis

    CEP Magazine - April 2024  | Author: Dian Zhang  | April 2024 

    Fractured global politics and regional conflicts show no signs of ceasing in 2024, leaving a profound impact on global society. Workplaces are not immune to this impact, as acts of bigotry and harassment fueled by misinformation continue to occur regardless of location...

  2. The crucial role of lateral leadership when navigating compliance

    CEP Magazine - April 2024  | Author: Bailey Mack  | April 2024 

    Compliance is no longer a buzzword; it is now seen within all industries as an essential business aspect. It is the backbone of ethical and legal business operations. Yet, that doesn’t mean that all leaders support a truly developed, comprehensive compliance program. And as I have experienced myself (and heard numerous stories from colleagues), team compliance can become stagnant or, worse, ineffective without the buy-in of the lateral leadership...

  3. Unveiling the wave of transparent legislation: A global effort to combat crime

    CEP Magazine - April 2024  | Author: Hassan Chaudry  | April 2024 

    In an era marked by technological advancements, the popularity of artificial intelligence, complex supply chains, and an increasingly interconnected global economy, the battle against financial crimes—including money laundering and corporate corruption—has become more sophisticated and challenging. Governments worldwide are recognizing the need for greater transparency to ensure protection against illicit activities. One significant stride in this direction is the wave of transparent legislation being introduced, with prominent examples being the Corporate Transparency Act (CTA) in the U.S. and the Economic Crime and Corporate Transparency Bill in the U.K. These legislations aim to enhance disclosure of ultimate beneficial ownership (UBO), providing...

  4. Navigating the post-pandemic landscape: Compliance tips for a resilient future

    CEP Magazine - April 2024  | Author: Brandy G. Robinson  | April 2024 

    The pandemic highlighted vulnerabilities in virtually every process and system possible. Suppliers had no choice but to exercise those force majeure clauses, which affected everything from the product itself to delivery, production, and even materials. And let’s not talk about the nightmare of shipping containers. Who would have thought in a million years that shipping containers would be one of the keys to the supply chain in a pandemic?...

  5. Creating an AI governance function: Part 2

    CEP Magazine - April 2024  | Author: Mark Diamond  | April 2024 

    This is Part 2 of a two-part series. Part 1 addressed the risks and restrictions organizations face in deploying artificial intelligence (AI) and the key elements of an AI strategy.[1] This part details how to develop an AI governance function...

  6. Business and human rights: Insights from the demise of Johnny’s

    CEP Magazine - April 2024  | Author: Kaori Kubo  | April 2024 

    If you are a compliance professional, you have probably heard the phrase “business and human rights” at least once. In a nutshell, business and human rights refers to the concept of ensuring that business is conducted in a manner that does not infringe on human rights. For example, the 2000 United Nations Global Compact[1] and the 2011 Guiding Principles on Business and Human Rights[2] promote this concept. However, many companies are not aware of the practical impact of this concept on their business...

  7. When to assume it’s a yes

    CEP Magazine - April 2024  | Author: Kristy Grant-Hart  | April 2024 

    How annoying is it when you send the third (or seventh) email waiting for an answer? It’s incredibly irritating, especially if you’ve received nothing but silence. There’s a way to respond to this that can sometimes be sneaky, but it’s highly effective...

  8. Meet Lori Tansey Martens: A veteran shares her unconventional wisdom

    CEP Magazine - April 2024  | Authors: Lori Tansey Martens, Adam Turteltaub  | April 2024 

    AT: You got involved in ethics very early. What led you to the field?...

  9. Actual versus apparent conflicts of interest

    CEP Magazine - April 2024  | Author: Jeffrey M. Kaplan  | April 2024 

    Virtually all codes of conduct prohibit apparent and actual conflicts of interest (COIs). Apparent COIs are generally seen as less serious than actual ones. Moreover, many compliance officers are familiar with situations where it is hard to prove an actual COI (even where it seems obvious that one exists) but easy to prove the apparent type...

  10. The value of the close call

    CEP Magazine - April 2024  | Author: Gerry Zack  | April 2024 

    Much has been written about the importance of identifying lessons learned and taking remedial action in the aftermath of an investigation into compliance failures. But an equally valuable exercise can result from exploring the circumstances associated with compliance issues that our internal controls prevented from escalating into failures...

  11. Compliance on campus: Applying DOJ’s corporate compliance guidance in an academic environment

    CEP Magazine - April 2024  | Authors: Terance Gonsalves, Rachael A. Honig, Deborah Solmor, Melissa Wheatcroft  | April 2024 

    In the ever-evolving landscape of compliance, the U.S. Department of Justice (DOJ) has intensified its scrutiny of corporate and executive liability, underscoring the critical role of effective compliance programs in preventing, detecting, and remediating misconduct. Lisa Monaco, the deputy attorney general, and other senior DOJ officials have emphasized the significance of robust compliance measures in mitigating legal risks and fostering ethical business practices...

  12. Integrate diversity, equity, and inclusion within your organization

    CEP Magazine - April 2024  | Author: Harini Pallavi  | April 2024 

    Every organization needs diversity, equity, and inclusion (DEI) to thrive and grow in a highly competitive environment. Remember, when your personnel represent DEI, it means you can tap into a larger talent reservoir than most. When you embrace equity and inclusion, the dividends are richer for varied reasons—chief among them, you attract people from diverse social, cultural, and economic backgrounds. This, in turn, leads to a richer diversity of perspectives, giving you the benefit of perceiving situations and issues in a fresh light...

  13. NHS driving ESG reporting and accountability

    CEP Magazine - April 2024  | Author: Lisa Beth Lentini Walker  | April 2024 

    England’s National Health Services (NHS) has made a bold commitment to reach carbon net zero by 2045. The NHS began this particular part of its journey in 2020 when NHS and NHS Improvement published a report that laid out ambitions to become the world’s first “net zero” national health service.[1] As part of this process, they require a Carbon Reduction Plan (CRP) for new tenders. In addition, as of January 2024 the NHS supply chain in England requires an annual Evergreen Sustainable Supplier Assessment (see Figure 1).[2]...

  14. Redefining privacy in a digital world

    CEP Magazine - April 2024  | Author: Camille Howard  | April 2024 

    The Latin phrase ius relinquendum est, which translates to “the right to be left alone,” encapsulates an ancient concept of privacy that has undergone a dramatic evolution in the digital age. This ancient notion—deeply rooted in the desire for personal space and autonomy—has evolved significantly, especially in the digital age where personal data becomes an extension of self. ...

  15. No, I don’t want to buy your Girl Scout cookies

    CEP Magazine - April 2024  | Author: Matthew Silverman  | April 2024 

    Recently, I came home to find a note taped to my front door. “It’s Cookie Time,” the note read, followed by a few typed sentences from a member of the Girl Scouts, with a plea to buy cookies by scanning the QR code below. I pulled the note off my door, crumpled it up, and threw it away. Then I thought to myself, “Have I ever not bought cookies from a Girl Scout before?” Never. But this was different. This was a note taped to a door. Then I noticed the same note on all my neighbor’s front doors. This...

  16. Meet Gwendolyn L. Hassan: The importance of “looking around the corner” in compliance

    CEP Magazine - March 2024  | Authors: Gwendolyn L. Hassan, Adam Turteltaub  | March 2024 

    AT: You’ve spent a good part of your career in logistics and manufacturing, working at a wide range of companies, first in legal roles, then in compliance. What first attracted you to it?...

  17. Navigating through uncertainty: The imperative role of third-party risk management

    CEP Magazine - March 2024  | Author: Wes Loeffler  | March 2024 

    To compete in today’s ever-changing business landscape and global economy, organizations are increasingly relying on their relationships with third to nth parties. The benefits include cost efficiencies, access to specialized services, and extended marketing reach. However, the costs of these relationships are often more difficult to gauge, extending beyond upfront business costs to the risks that may lie hidden within the third party...

  18. Upleveling traditional third-party due diligence: A blueprint for collaborative compliance

    CEP Magazine - March 2024  | Author: Suzanne Bullitt Monteer  | March 2024 

    In the complex world of compliance, third-party due diligence stands as a buffer against regulatory pitfalls and ethics violations. Today, many organizations consider third-party due diligence not just as a compliance exercise but as a cornerstone of transparency, showcasing a commitment to accountability and responsible business practices that reinforce stakeholder trust. In a time when trust is linked to profits and innovation, nearly 40% of leaders consider ethical behavior and business practices to be the most important area for building trust in their organizations.[1]...

  19. Determining what and when to audit

    CEP Magazine - March 2024  | Author: Renu Jha  | March 2024 

    In the ever-evolving landscape of business and regulations, compliance auditing and monitoring are critical to ensure that companies operate within the confines of laws, regulations, and ethical standards...

  20. Creating an AI governance function: Part 1

    CEP Magazine - March 2024  | Author: Mark Diamond  | March 2024 

    The advent of generative artificial intelligence (AI) offers the promise of tremendous leaps in productivity, new revenue, cost savings, and increased innovation. After decades of technological stagnation with respect to AI, generative AI has elevated it from the fringes to the mainstream. Companies are launching AI initiatives in legal, finance, marketing, product design, engineering, and nearly every single aspect of the organization. (Full disclosure: our company, Contoural, is launching an AI-based records management initiative.) Without overstating, AI has the potential to be transformative. Part 1 of this two-part series addresses the risks and restrictions organizations face in deploying AI and...

  21. Good news, bad news

    CEP Magazine - March 2024  | Author: Gerry Zack  | March 2024 

    There’s good and bad news out there for compliance departments, and it’s also the same news: Governments now very much appreciate strong compliance programs...

  22. If you trick me into sharing my data, it's personal

    CEP Magazine - March 2024  | Author: Robert Bond  | March 2024 

    Our personal information is ours to control, but more often than not, when we use apps or visit websites we are giving away more personal data than we think. Starting in 2023, regulators had been investigating organizations that designed their websites and apps to influence privacy choices. That’s not fair, is it? Nudge, nudge; wink, wink!...

  23. Environmental marketing risk

    CEP Magazine - March 2024  | Author: Gerry Zack  | March 2024 

    Much is made of the need for accurate reporting in accordance with recognized standards. But this month, I’m returning to a topic I briefly touched on in July 2023, when I discussed the potential for misleading images and statements regarding social issues in connection with an organization’s general marketing activities.[1] A similar issue arises in connection with environmental matters where a company’s advertising can easily create significant risk.[2]...

  24. Microaggressions and the ripple effect on compliance programs

    CEP Magazine - March 2024  | Author: Ahmed Salim  | March 2024 

    Microaggressions—subtle and often unintentional slights or insults—have far-reaching implications beyond individual feelings. They can significantly impact the effectiveness of compliance programs within organizations. The seemingly innocuous nature of microaggressions may lead some to dismiss their relevance; however, when left unaddressed, they can create a toxic workplace culture that undermines the very foundation of a robust compliance framework...

  25. Kintsugi ethics: Building resilient compliance programs through an ancient art

    CEP Magazine - March 2024  | Authors: Nick Gallo, Giovanni Gallo  | March 2024 

    In the fast-paced world of corporate governance, the Japanese art of kintsugi offers profound insights into the construction of robust ethics and compliance programs. Kintsugi—the art of repairing broken ceramics with lacquer mixed with powdered gold—teaches us that perfection is superior to strength, emphasizing the importance of striving for an ideal ethical culture rather than relying on defensive short-term measures...