CEP Magazine

  1. Meet Renée Wardlaw: Enhancing processes is just the tip of the iceberg

    CEP Magazine - January 2021  | Author: Adam Turteltaub  | January 2021 

    AT: First, it would be good if you could give an overview of the Bristol Bay Native Corporation’s purpose and structure. It’s unique...

  2. Returning to business travel: Mitigating risk for your employees

    CEP Magazine - January 2021  | Author: Michael F. Savicki  | January 2021 

    The disruption of recent months has forced companies around the world to rewrite business plans and alter operations. Perhaps most significant has been the unprecedented migration of workers to virtual, work-from-home environments, necessitated by travel restrictions and the widespread lockdown of citizens. But as the rules curtailing people’s movement are eased, much has been written and said about the best way to get people back to their offices...

  3. Protecting corporate data in the work-from-home era

    CEP Magazine - January 2021  | Author: Melody Haase  | January 2021 

    Work restrictions created by COVID-19 forced companies worldwide to quickly adopt technologies and fundamentally change the way they do business. In October 2020, McKinsey & Company released the results of a survey that showed companies exponentially adopted digital technologies to do business, and these same companies do not expect that to change.[1] However, in a rush to adopt new technologies during a crisis, companies were often focused on business continuity rather than security...

  4. Rethink your policy management system to strengthen your compliance program

    CEP Magazine - January 2021  | Author: J. Veronica Xu  | January 2021 

    “Mom, help! Where can I find the weekly schedule online?” “Mom, the portal doesn’t work.” “Mom, what’s the difference between a ‘private source’ and a ‘secondary source?’”...

  5. Balancing effective compliance policies against the ubiquity of ephemeral messaging

    CEP Magazine - January 2021  | Author: Daniel J. Polatsek  | January 2021 

    As we enter into the first quarter of 2021, the available evidence indicates that remote work is going to remain part of the work-life balance for much of this year. The US workforce continues to face unexpected pay cuts, furloughs, and layoffs, while senior executive teams and upper management face pressures to meet revenue expectations and budgeted projections for both shareholders and Wall Street...

  6. New year, new address for SCCE

    CEP Magazine - January 2021  | Author: Gerry Zack  | January 2021 

    Think of this month’s letter as part two of the letter I started last month. As we begin 2021, many of us are optimistic that better days lie ahead. When the COVID-19 pandemic became a serious threat last March, we did what many organizations did; we made a lot of quick decisions to protect our employees and our members, resulting in a remote workforce, the cancellation of in-person conferences, and gradual conversion to or development of virtual events. I discussed many of these changes last month...

  7. Personal impact statement

    CEP Magazine - January 2021  | Author: Sally March  | January 2021 

    On December 31, the UK’s Brexit transition period comes to an end. As I write this, the representatives of the UK and EU are still talking about whether a trade deal can be reached and, if so, what it will look like. With no clarity and only days left to prepare, on top of the fluid responses here and in other countries to COVID-19, we have uncertainty squared. Also, though I am writing before the US election has been certified, the count kept us on the edge of our seats. In uncertain times, psychologists advise us to focus on the...

  8. Operation Car Wash affects compliance programs

    CEP Magazine - January 2021  | Author: Shin Jae Kim  | January 2021 

    Petrobras was under the spotlight of Operation Car Wash—an unprecedented corruption scandal in Brazil. Once a beloved Brazilian company, Petrobras suffered a big hit, and its market value reduced dramatically. Failures and weaknesses of its internal controls to prevent and detect ethical deviations became evident. To rebuild its reputation and market trust, Petrobras went through a transition phase and has been investing in the implementation of an effective corporate governance system and improvement of its compliance program...

  9. Age-appropriate design and privacy

    CEP Magazine - January 2021  | Author: Robert Bond  | January 2021 

    In the European Union, children’s data need to be processed in line with the General Data Protection Regulation (GDPR), and organizations that offer goods and services to children must now also take into account the Age Appropriate Design Code,[1] which has recently been published by the UK regulator, the Information Commissioner’s Office. Children are considered to be all individuals under the age of 18...

  10. Are you policing your way to a better culture?

    CEP Magazine - January 2021  | Authors: Nick Gallo, Gio Gallo  | January 2021 

    Welcome to the first installment of “Culture is all of our business”!...

  11. Reassessing your professional purpose

    CEP Magazine - January 2021  | Author: Walter E. Johnson  | January 2021 

    The author’s expressed views are his own and do not necessarily represent the views of Inova...

  12. What if they hate me?

    CEP Magazine - January 2021  | Author: Kristy Grant-Hart  | January 2021 

    “They hate me. I’m sure they hate me. Or they will hate me,” said my client. She’d been relocated to Eastern Europe, where the company had just finished a massive investigation resulting in the firing of two regional leaders. She was parachuted in to keep an eye on things and to try to revamp the culture. The investigation had been long and slow, exhausting everyone, including her. She worried that even with a new manager, the remaining leaders would harbor resentment. What was she to do? And more importantly, what are you to do when you perceive robust distrust and...

  13. Oh no, compliance is siloed from legal!

    CEP Magazine - January 2021  | Author: Joe Murphy  | January 2021 

    We still hear this question: Should compliance & ethics (C&E) be part of legal or siloed/divorced/separated? What may follow is a list of “horribles” of this gulf and the reasons why the two should, therefore, be combined...

  14. Engage with your marketing team to avoid influencer marketing risks

    CEP Magazine - January 2021  | Author: Caroline Franco  | January 2021 

    With the increasing threats of banner blindness and ad blockers, influencer marketing has been constantly on the rise and has established itself across all industries. This marketing technique enables companies to collaborate with individuals with specialized knowledge, expertise, authority, and/or reach on social media by leveraging their unique voice and message-delivery styles. These individuals—called influencers—insert brands or products in their social media posts to initiate electronic word-of-mouth engagement with a tuned-in audience—their followers...

  15. Your organization has received a data access request. What now?

    CEP Magazine - January 2021  | Author: Patrick O’Kane  | January 2021 

    There has been something of a tsunami of privacy regulation over the past few years, and this is set to accelerate. According to Gartner, 10% of the world’s population in 2020 had a modern privacy law regulating the use of personal data, and it predicts that by 2023, 65% of the world’s population will have a modern privacy law.[1]...

  16. New data reveal the growth of compliance in Latin America

    CEP Magazine - January 2021  | Authors: Alejandra Montenegro Almonte, James Tillen  | January 2021 

    A perennial challenge for chief compliance officers (CCOs) is assessing corruption risk in their companies’ countries of operation. Many CCOs turn to Transparency International’s Corruption Perception Index (CPI), which annually ranks countries based on the perceived levels of corruption in their public sector generally. Companies use CPI scores to determine what amount of due diligence to conduct on a third party, what locations to audit, what employees to train, and whether to enter into a new market. Yet a CPI score does not tell the whole story for a particular country, and overreliance on the CPI can lead companies to...

  17. Ensuring organizational justice for all

    CEP Magazine - January 2021  | Author: Emeka N. Nwankpah  | January 2021 

    Ralph Waldo Emerson said that “A foolish consistency is the hobgoblin of little minds.”[1] While this is generally true, achieving organizational justice, through focusing on fairness and well-reasoned consistency when determining and administering discipline, is a coveted sign of sophistication and effectiveness in the world of ethics and compliance...

  18. Is your company's job applicant-tracking system making compliant inquiries?

    CEP Magazine - January 2021  | Author: MaryEllen O’Neill  | January 2021 

    One of the first impressions a job applicant and potential new employee has of your company is your online job applicant-tracking system (ATS), so when was the last time you or someone on your team reviewed your company’s ATS for compliance with current employment and other laws? I have been surprised by the number of systems that directly or indirectly request information prohibited by either federal or state law—and often both. And these are not small operations that lack the knowledge or manpower (but who would nonetheless be liable); they are substantial companies with large legal and compliance departments. Pre-employment...

  19. US sanctions Russian research facility for alleged cybercrimes

    CEP Magazine - January 2021  | Author: Sascha Matuszak  | January 2021 

    The United States Department of the Treasury’s Office of Foreign Assets Control announced sanctions against the State Research Center of the Russian Federation FGUP Central Scientific Research Institute of Chemistry and Mechanics, or TsNIIKhM, on October 23.[1]...

  20. Brazilian meatpacking company settles multiple investigations by US authorities

    CEP Magazine - January 2021  | Author: Sascha Matuszak  | January 2021 

    Brazil’s J&F Investimentos and JBS SA agreed to pay fines to the United States Department of Justice and the Securities and Exchange Commission for bribery and insider trading.[1] J&F, owned by two Brazilian brothers, controls JBS, the largest meatpacking company in the world...

  21. ICO fines Marriott 18.4 million pounds for data breach

    CEP Magazine - January 2021  | Author: Sascha Matuszak  | January 2021 

    After extended investigations and negotiations, the United Kingdom’s Information Commissioner’s Office levied a fine of £18.4 million against Marriott International Inc. for a data breach that occurred in 2014.[1] The breach was one of the largest leaks of personal data in recent years, affecting more than 300 million guests. The breach affected Starwood Hotels and Resorts Worldwide Inc., which Marriott acquired in 2016...

  22. UK Serious Fraud Office releases DPA guidance

    CEP Magazine - January 2021  | Author: Sascha Matuszak  | January 2021 

    The United Kingdom’s Serious Fraud Office published new guidance related to deferred prosecution agreements (DPAs).[1] The guidance, nested in the office’s internal SFO Operational Handbook, offers insight into how the office will approach DPAs, what is required of companies that seek to enter such an agreement, and some of the standard requirements placed upon companies that do enter DPAs...

  23. Meet Justin Ross: Delivering compliance globally

    CEP Magazine - December 2020  | December 2020 

    Justin Ross, Staff Vice President, Chief Compliance Officer at FedEx Corporation in Memphis, Tennessee, USA...

  24. Upgrade your employee survey for more accurate results

    CEP Magazine - December 2020  | Author: Troy McAlister  | December 2020 

    Compliance professionals are constantly looking for ways to accurately assess the effectiveness of their program’s individual elements. Some elements leave distinct audit trails, such as third-party vetting or gifts and entertainment, which can be tested and audited. With other areas, such as strategic planning or internal investigations, you may be so heavily involved, you already know where the successes live and the skeletons are buried. Then there are concepts such as culture, willingness to report concerns, or simply knowing whom to talk to and where to find company resources, which you have to get feedback from across your employee base...

  25. Collaboratively building effective third-party risk management processes

    CEP Magazine - December 2020  | Author: Veronica Pickens  | December 2020 

    Although the financial sector has been the leader in implementing third-party risk management processes, other sectors have understood its importance and followed suit. In the financial industry, the importance of third-party management was elevated in 2013 when the U.S. Office of the Comptroller of the Currency mandated that all regulated banks were required to manage the risk of their third parties.[1] The healthcare industry also has several regulations that led to the need for third-party management; the Health Insurance Portability and Accountability Act[2] sets the standard for protecting private patient data. Another example is the Health Information Technology for Economic...