Skip to content.
Contact NAVEX
How can we help?

We respect your privacy and won’t share your information with outside parties. View our privacy statement.

Thank you for your interest in NAVEX. We’ll be in touch with you shortly. If you have any immediate questions, please give us a call at 1-866-297-0224.

From: Agenda By Jennifer Williams-Alvarez

Despite increased public scrutiny over corporate ethics and compliance lapses — and intensifying blowback when something does go wrong — some boards remain ineffective when overseeing these functions, according to directors and compliance professionals.

Having an effective compliance program can mean the difference between paying a ten-figure fine to regulators — such as the more than $1 billion price tag that Ericsson was slapped with last December — versus something in the two-comma range. It can impact whether a company and executives are saddled with court- or regulator-appointed monitors. And in the most egregious cases, substandard compliance mechanisms can be the impetus for fines and criminal penalties for companies and individuals.

Article Link: https://www.agendaweek.com/c/2638343/320723/before_late_looming_crises_oversee?referrer_module=issueHeadline&module_order=4