With whistleblower suits on the rise, increased CEO firings over ethical lapses, and National Whistleblower Appreciation Day falling on July 30, it’s an important time for companies to think about their corporate governance structures, whistleblower systems, and whistleblower investigation processes. Instead of looking at whistleblowing as harmful, companies should consider whistleblowing a safety valve and a sign of an engaged, ethical culture.
Corporate Affairs, Corporate Social Responsibility, Leadership, Human Resources, Employee Relations, Employee Engagement, Risk & Compliance, Ethics & Compliance
MAPI’s research has found that the problem lies in how companies implement their diversity and inclusion strategies. Many businesses make the mistake of tackling D&I across too many fronts too quickly. This leaves many manufacturers stuck in a programmatic mode in which efforts are led by human resources but no cohesive strategy exists and programs are deployed ad hoc. As a result, diversity and inclusion are often seen as just another HR initiative and too few leaders and employees understand the link to business results.
Trade compliance professionals are used to constant change—new regulations, ever-larger potential fines, and widening ranges of sanctions. Keeping up with developments seems impossible for one person . . . how well do you know what’s going on in the world of trade?
In this interview, Ethics & Compliance Council Chair Matt Frank discusses trade compliance, international training, company culture, and JCI’s Regional Compliance Committees—and recommends a book that he argues will forever change the way you communicate.
Last week’s third Conflict Minerals Forum was a success. Our 90 attendees from a range of manufacturing companies and corporate functions found the presentations useful and asked our experts many good questions.
The U.S. Court of Appeals for the Fifth Circuit has held that a provision in the Dodd-Frank Act protecting whistleblowers from employer retaliation does not cover individuals who communicate possible securities law violations only within their company, not to the SEC. The court noted that the definition of “whistleblower” in the statute expressly requires such individuals to provide information relating to a violation of the securities laws to the commission. The court declined to accept a reading of the statute that would extend whistleblower protection to individuals who make the kinds of disclosures about securities laws violations mentioned in another provision of the statute, irrespective of whether they provide information to the SEC.
If imitation is the sincerest form of flattery, the UK is positively infatuated with the United States. Two years ago, the UK essentially copied U.S. anti-corruption laws by adopting the UK Bribery Act—a British version of the Foreign Corrupt Practices Act—to criminalize corporate corruption. The UK has seemingly dusted off its copiers again in the form of newly adopted legislation creating deferred prosecution agreements and allowing their use starting in early 2014. This is good news for global companies operating in the UK because it provides a legal “middle ground” for companies to cure a recognized financial misstep, including bribery, fraud, or money laundering.