Organizational Culture

Each year, NAVEX publishes the Top 10 Trends in Risk and Compliance. This publication features trends and predictions for the year to come and features contributions from experts in the industry. Here, Ingrid Fredeen discusses the evolution of training and policy management in the “new normal” workplace.

Corporate ethics and compliance officers have long argued that maintaining an ethical corporate culture is important to a business for all sorts of reasons. Now you might be able to offer one more: failing to maintain an ethical corporate culture might violate federal securities rules.

On November 15th, the Securities and Exchange Commission (SEC) Office of the Whistleblower (OWB) released its 2021 Annual Report to Congress that reports staggering statistics for FY 2021 and should sound warning bells for organizations’ and their internal reporting systems.

Organizations have a compelling interest in taking diversity, equity and inclusion (DEI) seriously, and in including diverse voices at every rung of the organizational ladder. But how can compliance help advance DEI, and what challenges should they expect?

Proper investment in a successful compliance program starts with providing an adequate budget and dedicated talent. However, for many organizations, compliance is often combined with other responsibilities and programs are often not considered to be a single business unit. Research for NAVEX Global’s 2021 Definitive Risk & Compliance Benchmark report shows a majority of programs lack the prioritization needed to be fully successful. Here we discuss highlights of those findings and key points to consider when advocating for and determining the budget of compliance program resources.

When investigating a compliance failure, DOJ prosecutors are instructed to ask a series of questions to determine a compliance function’s level of leadership support. For our 2021 Benchmark, we asked those same questions of our survey respondents - and the results were surprising.

The 2021 Definitive Risk & Compliance Benchmark has just been released, and it is full of new findings to help R&C programs assess, compare and improve on their practices and procedures. Learn about how the last year has impacted program priorities, performance and more.

Corporations have reached a tipping point on climate change. They understand that requirements are coming for new disclosures and need a strategy in place now.