Regulatory Compliance

NAVEX Global’s Chief Risk & Compliance Officer, Carrie Penman, shares her observations about how the DOJ’s new guidance will further elevate the role of compliance professionals and impact the profession going forward.

The newly released 2020 Definitive Risk & Compliance Report reveals the state of the current compliance landscape, based on a survey of 1400+ industry professionals. One main takeaway: Leadership buy-in is key.

It’s time to look at FCPA compliance again, as the SEC sanctions U.S. companies for poor accounting controls. But while accounting is in the hot seat, the requirements of training, risk assessment sound a lot like a compliance officer’s responsibility.

The DOJ’s latest guidance calls on compliance programs to leverage multiple sources of data to assess organizational risk, review their programs, and update policies, procedures and controls. To do that, compliance officers must work closely with IT departments and learn how to put the information they collect to good use.

Social justice and equal protection under the law took a big step forward on June 15, when the U.S. Supreme Court ruled that federal civil rights law prohibits workplace discrimination against gay and transgender employees. Corporate compliance officers must now ensure that the Bostock ruling is upheld in their own company’s policies, procedures, and practices.

On June 1, the DOJ updated its guidance for evaluating effective corporate compliance programs and one thing is clear – having a compliance program isn’t enough. Matt Kelly tells us what’s new.

Testing, PPE, and social distancing: What business should consider when deciding when and how to bring employees back to work in the wake of the pandemic, from an employment legal expert.

There was a time when compliance officers clamored for more specific regulations and guidance. During the past several years, however, what used to be a dearth of specific enumerated expectations has become a sea of guidance that can be hard to track. What’s a compliance officer to do? Try out the following to find your sea legs.

Risk has changed. The future lies in moving past a rigid structure and embracing a holistic view that broadens our perspective of risk while simplifying the approaches we take to managing it. This is how your organization can create a single, resilient architecture capable of managing people, regulatory and business risk.

The risk and compliance landscape is changing dramatically. As risk and the regulations developed to manage it increase, so too does the need for greater accountability. The result? Strained relationships between compliance and risk management teams.

A new report from the NYC Bar Association raises a thought-provoking question: To what extent should a compliance officer be personally responsible for a program that’s floundering because the company just doesn’t care enough about compliance?