To see how “millennial” your mindset is, visit the Pew Research Center online and take their “How Millennial Are You?” quiz – found in the console icons below.
It’s important to keep in mind that these shifts in attitude do not just apply to those who are chronologically millennials, but rather reflect a broader change as our workplaces and cultures change and adapt to a new generation of employees.
According to the U.S. Sentencing Guidelines for Organizations—and similar provisions found in other guidelines worldwide—an organization’s governing body is responsible to “exercise reasonable oversight with respect to the implementation and effectiveness” of an E&C program. This expectation has been around as long as compliance programs, but practical guidance on what boards of directors should do to meet the standard has been incomplete at best—until recently.
At first it may be hard to see what impact—if any—sports scandals have on our work as E&C professionals. But on closer examination there are several reasons why we should pay attention and steps we can take
Sponsorships and charitable events may result in conflicts of interest, sporting events are a major source of gift and entertainment violations and participation in fantasy sports consumes your IT bandwidth (and may violate your policies against gambling at work).
The 2004 revisions to the Guidelines went further. By emphasizing the importance of organizational culture, the revised Guidelines gave even greater prominence to the importance of HR.
E&C Training Benchmark Report: 34% said mid-managers do not display desired compliance behavior
Fundamental goal of any program is to protect the organization’s reputation—if an issue is top-of-mind with the public it should be on your watch list
The expansion of ethics and compliance-related laws and regulations around the globe is adding significant complexity to the role of ethics and compliance officers in any organizations operating internationally. World events, whether political or in sports, offer both risks and teaching opportunities. If we are thoughtful and proactive, we can minimize the risks while taking advantage of the opportunities.