Learn about effective corporate governance
|
|
|
Becoming a valuable resource to your board Given the heightened attention placed on the control environment in corporate governance, the time is right to strengthen the relationship between ethics and compliance officers and their boards of directors. Today's boards require new perspectives on the importance of culture, new ways to assess effectiveness and new approaches to engage the organization in corporate values. This paper reviews a wide range of strategies and tactics to help ethics and compliance officers step up to this potential new role available to them. Effective board governance Corporate compliance requirements, mandates and guidelines have become the panacea for regulators and rule makers seeking to reform corporate America - adding compliance oversight responsibility to the board's heavy job description. How can a working board hope to do all the jobs now demanded of it? By focusing on the tasks that really matter, setting the right tone and focusing on assessing and improving their organization's ethical health. Ethical Ecosystem In the Ethical Ecosystem paper, Dov Seidman, LRN CEO and chairman, discusses that even a company that’s punctilious about meeting high standards has to deal with outside influences that may run counter to those standards. As supply chains expand, and as outsourcing and offshoring increase, it’s harder to know where the risks and vulnerabilities are. Today, companies must be aware of, and care for, the entire ethical "ecosystem." Governance, ethics, and the Sentencing Guidelines: a call for self-governing cultures The Amended Organizational Sentencing Guidelines for Boards of Directors outlines the Board's role in assessing the effectiveness of a company’s ethics and compliance program, corporate culture and business practices. |