Board Challenges, Recent Developments and Best Practices in Anti-Corruption Compliance
|
|
- Shonda Powell
- 6 years ago
- Views:
Transcription
1 The Canadian Society of Corporate Secretaries 16th Annual Corporate Governance Conference Banff Springs Hotel Banff, AB August 24-27, 2014 Board Challenges, Recent Developments and Best Practices in Anti-Corruption Compliance Speakers: José R. Hernandez (CEO, FGI Europe AG) John G. Rahie (Managing Partner, Freeh Group International) August 26, 2014
2 Discussion Topics 1. Current Board challenges in compliance 2. Global enforcement and settlement trends 3. Best practices and suggested action items for compliance programs 2
3 Board challenges in ethics and compliance: Understanding the problem Ethical Calculus Bad Apples (Individuals) Bad Barrels (Organization) (Un) Ethical Decision-making Violations Crises Failures Adapted from: Treviño, L. K., & Youngblood, S. A Bad apples in bad barrels: A causal analysis of ethical decision making behavior. Journal of Applied Psychology, 75(4):
4 Board challenge #1: Responding to Bad Barrel conditions 1. Widespread perception of Canadian tolerance 2. Old school director mindset and culture 3. Late start compared to global benchmarks 4
5 The Headlines: Tolerance in Canada (and its results) What is happening in Canada? : Country s reputation with investors could take hit over Quebec corruption scandal The Financial Post, June 21, 2013 One in five executives thinks corruption is widespread in Canada s business world, EY report shows White-collar crime hits more than a third of Canadian organizations The Financial Post, June 11, 2014 The Globe and Mail, February 24,
6 The Old School director mindset: Characteristics and warning signs (1) Intellectually dependent on Company and/or others Financially dependent on director remuneration Conformist towards the omnipotent CEO/Chair Abdicates governance to the CEO (incl. compliance program & investigations) When in doubt, establishes new committees to diffuse responsibility Unwilling or unable to vote with their feet 6
7 The Old School director mindset: Characteristics and warning signs (2) Allows for double standards; does not hold top management accountable Lack of follow-up; allows issues to fall through the cracks Hear no evil, see no evil attitude (aka willful blindness), especially with respect to the activities of external third parties Gauges company culture from an ivory tower 7
8 Board challenge #2: Bad Apples are inherited or created Inherited from the old guard, or created by the established culture Persist through double standards in hiring, promotion, and discipline Insulated by perceived risks and benefits: e.g. institutional memory, continuity, business networks, risks of litigation and bad PR Reinforce the importance of robust investigations, protection of whistleblowers, and training/communication 8
9 Enforcement and settlement trends (1): Canada s CFPOA: Recent developments On June 19, 2013, amendments to the Corruption of Foreign Public Officials Act (CFPOA) came into force through Bill S-14. These include: New maximum penalty New books and records offence Nationality jurisdiction End to facilitation payments exception (TBD) 9
10 Enforcement and settlement trends (2): Canadian enforcement actions Notable prosecutions Niko Resources Ltd. (2011; $9.5 million penalty) Griffiths Energy Inc. (2013; $10.35 million penalty) Nazir Karigar (2013; first individual convicted; three-year sentence) Ongoing investigations RCMP currently engaged in 35+ investigations 10
11 Enforcement and settlement trends (4): The U.S. FCPA: Enforcement statistics DOJ SEC (6/30) Source: Gibson Dunn,
12 Enforcement and settlement trends (5): General trends in enforcement Rise in settlement and investigation costs Increased focus on individuals Hybrid monitorships Reliance on industry sweeps Increasing legislation and international cooperation Beyond corruption: Aggressive enforcement and rising penalties for various forms of anti-competitive and/or fraudulent conduct, including OFAC/sanctions violations; market manipulation, collusion, forex rigging; and tax evasion 12
13 Weaknesses in compliance programs today: A director s perspective (1) Persistence of bad habits: underlying attitudes and mindset have yet to evolve Corruption and competition problems extend throughout the supply chain Business models remain challenging, especially the use of commercial agents Investigations are too narrow, lack independence/ competence, focused on the wrong questions 13
14 Weaknesses in compliance programs today: A director s perspective (2) Form over substance Information/metrics provided are superficial Leadership accountability and double standards (despite professed zero tolerance ) Reactive to crises, not proactive Lacking sustainability and resources after the storm has passed 14
15 Suggested next steps For corporate secretaries and directors Educate yourself. Don t assume that you have all the answers. Get expert assistance and support. Don t compromise. Know where you stand on all aspects of the program, including investigations. Measure your progress; understand the hard and soft results. Facilitate and engage in dialogue with GC, CCO, Head of Investigations, Internal Audit, HR, business leaders, as well Board colleagues. 15
16 For More Information José R. Hernandez, Ph.D. Chief Executive Officer FGI Europe AG Tel: +1 (647) John G. Rahie Managing Partner Freeh Group International Tel: +1 (302)
17 Appendix: Primer on compliance program elements (per World Bank guidelines) (1) 1. Prohibition of misconduct 2. Responsibility (leadership, individual, compliance function) 3. Program initiation, risk assessment, reviews 4. Internal policies (employee due diligence; arrangements with former public officials; gifts and hospitality; political contributions; donations and sponsorships; facilitation payments; recordkeeping; fraudulent, collusive, coercive practices)
18 Appendix: Primer on compliance program elements (per World Bank guidelines) (2) 5. Policies on business partners (due diligence, reciprocal commitment, documentation, remuneration, monitoring, etc.) 6. Internal controls 7. Training and communication 8. Positive incentives & discipline 9. Reporting (incl. whistleblowing) 10. Remediation (investigations and remedial actions) 11. Collective action
What to Expect in 2017
What to Expect in 2017 FCPA and Other Anti-Corruption Compliance Issues Facing Corporate General Counsels in Sweden John G. Rahie, Freeh Group International Solutions José R. Hernandez, Ortus Strategies
More informationINTEGRITY COMPLIANCE GUIDELINES
AFRICAN DEVELOPMENT BANK GROUP African Development Bank Group Integrity and Anti-Corruption Department INTEGRITY COMPLIANCE GUIDELINES 1 1. Prohibition of Misconduct A clearly articulated and visible prohibition
More informationImplementing and Managing an Effective Anti Corruption Compliance Program
Implementing and Managing an Effective Anti Corruption Compliance Program Mvolkov@volkovlaw.com http://corruptioncrimecompliance.com effective compliance The Importance of an Ethics and Compliance Program
More information2017 The Global ABB Integrity Program.
2017 The Global ABB Integrity Program www.abb.com/integrity Tone from the Top Don t Look the Other Way A culture of integrity is a prerequisite for a world-class business. Many valuable customers choose
More informationBearing the Bad News Reporting to the Board on Internal Corruption. Peter Dent, National Leader Deloitte Forensics September 11, 2013
Bearing the Bad News Reporting to the Board on Internal Corruption Peter Dent, National Leader Deloitte Forensics September 11, 2013 Agenda Assessment of Risk in Canada Recent trends in enforcement activity
More informationINTRODUCING ORTUS E M P O W E R I N G I N T E G R I T Y
INTRODUCING ORTUS E M P O W E R I N G I N T E G R I T Y INTRODUCING ORTUS Global organizations today face many evolving challenges in addressing complex issues of regulation, law enforcement, public scrutiny,
More informationDeveloping an Integrated Anti-Fraud, Compliance, and Ethics Program
Developing an Integrated Anti-Fraud, Compliance, and Ethics Program Introduction Eric Feldman, CFE, CIG Affiliated Monitors, Inc. 2018 Association of Certified Fraud Examiners, Inc. CPE Information 2018
More informationWORKING WITH THIRD PARTIES POLICY POLICY ADOPTED MARCH 2015, REVISED FEBRUARY 2017
WORKING WITH THIRD PARTIES POLICY POLICY ADOPTED MARCH 2015, REVISED FEBRUARY 2017 TABLE OF CONTENTS WORKING WITH THIRD PARTIES POLICY... 3 Introduction... 3 Working with third parties... 3 Due diligence
More informationPostNL group procedure
1 January 2017 PostNL Holding B.V. Audit & Security PostNL group procedure on fraud prevention guidance on bribery and corruption Author Director Audit & Security Title PostNL group procedure on Fraud
More informationJeff Kaplan/Kaplan & Walker LLP 2012 SCCE NE Regional Conference
Jeff Kaplan/Kaplan & Walker LLP 2012 SCCE NE Regional Conference Anti-corruption compliance program good practices I ve seen from advisory work in the field Including reviewing a program for DoJ/SEC in
More informationATTACHMENT B CORPORATE COMPLIANCE PROGRAM. In order to address any deficiencies in its internal controls, policies, and procedures
ATTACHMENT B CORPORATE COMPLIANCE PROGRAM In order to address any deficiencies in its internal controls, policies, and procedures regarding compliance with the Foreign Corrupt Practices Act ( FCPA ), 15
More informationFCPA COMPLIANCE PROGRAMS
FCPA COMPLIANCE PROGRAMS JIMMY S. PAPPAS INTERNATIONAL INTERNAL INVESTIGATIONS CONFERENCE FRANKFURT, GERMANY DECEMBER 7, 2012 FCPA COMPLIANCE PROGRAMS - OVERVIEW! An effective compliance program is: A
More informationCORPORATE COMPLIANCE PROGRAM
-- -- ~-1~ _ \ ~ CORPORATE COMPLIANCE PROGRAM In order to address any deficiencies in its internal controls, policies, and procedures regarding compliance with the Foreign Corrupt Practices Act ("FCPA"),
More informationHow to Assess and Mitigate the Risk of Misconduct Occurring and Not Being Reported
How to Assess and Mitigate the Risk of Misconduct Occurring and Not Being Reported October 15, 2012 Presented by: Chip Jones Kathy Cooper Franklin Brad Siciliano Presented by: Earl M. Chip Jones, III Littler
More informationIt s your first day on the job - What do you do? Where do you start? According to the National Business Ethics Survey* ( NBES ):
CREATING AN EFFECTIVE COMPLIANCE PROGRAM SCCE UTILITIES & ENERGY CONFERENCE Houston, Texas February 22, 2015 Carolyn S. Egbert Creative Solutions for Executives 1 INTRODUCTION It s your first day on the
More informationDriving Top-Level Commitment. The road to compliance begins with educating the C-Suite
Driving Top-Level Commitment The road to compliance begins with educating the C-Suite We need to manage risk related to antibribery laws! How much will this cost? Who will do this? How big is our risk?
More informationAirport Legal Governance Issues: Understanding & Meeting Ethics Compliance Obligations
Airport Legal Governance Issues: Understanding & Meeting Ethics Compliance Obligations presented by: Kevin Kraham Shareholder Washington, DC Office kkraham@littler.com 202.423.2404 Today s Agenda The Trends:
More informationHenkel s Compliance Management System (CMS)
Henkel s Compliance Management System (CMS) As a company that operates in an ethically and legally correct manner, Henkel s image and reputation is inseparable from the appropriate conduct of each of its
More informationThe Board s role in anti-corruption compliance: Guardian and Guide. By: Eileen Felson, Director, PwC Frederic Miller, Partner, PwC
Eileen Felson is a director in PwC s Forensic Services Email: eileen.m.felson@us.pwc.com Tel: (312) 298-2704 Frederic Miller is a partner in PwC s Forensic Services Email: frederic.r.miller@us.pwc.com
More informationBeyond Compliance: Building a Robust Ethics and Compliance Program
Beyond Compliance: Building a Robust Ethics and Compliance Program Overview Risks are increasing and organizations are called to develop effective compliance risk mitigation programs Today, the explosion
More informationCould (and should) you be looking proactively at data to find corruption?
Could (and should) you be looking proactively at data to find corruption? Ethical and Efficient Corruption Detection for Governmental Agencies and Corporations Introduction by: Jennifer Rodgers Roy Pollitt
More informationCompliance in 2016: Navigating the New Expectations
Compliance in 2016: Navigating the New Expectations Prepared by: Kathleen Marcus Stradling Yocca Carlson & Rauth, P.C. 660 Newport Center Drive, Suite 1600 Newport Beach, CA 92660 949.725.4080 P 949.725.4100
More informationSharing best practices. Yara Ethics & Compliance 12 October 2017
Sharing best practices Yara Ethics & Compliance 12 October 2017 Born in Norway, pioneers for over 100 years 1900-1905 1906-1939 1940-1959 1960-2003 2004-2014 2015 Birkeland s invention Attracting Royal
More informationReport to: Trust Board Agenda item: 11 Date of Meeting: 9 November 2011
Report to: Trust Board Agenda item: 11 Date of Meeting: 9 November 2011 Title of Report: Bribery Act 2010 Status: For Approval Board Sponsor: James Scott, Chief Executive Author: Eric Sanders, Trust Board
More informationDeveloping an Integrated Anti-Fraud, Compliance, and Ethics Program
Developing an Integrated Anti-Fraud, Compliance, and Ethics Program Monitoring, Assessing, and Remediating the Program 2018 Association of Certified Fraud Examiners, Inc. Discussion Questions 1. How does
More informationETHICS AND BUSINESS INTEGRITY POLICY
ETHICS AND BUSINESS INTEGRITY POLICY 1.0 Chief Executive s Introduction: Behaving ethically is essential to working with Carillion. Our values of We care, We achieve together, We improve and we deliver
More informationDRAFTING AN COMMUNICATING EFFECTIVE POLICIES AND PROCEDURES AGENDA
DRAFTING AN COMMUNICATING EFFECTIVE POLICIES AND PROCEDURES PBI Business Law Institute November 2018 1 AGENDA Why Have Policies & Procedures? What Policies are Needed? Who Owns the Policies? Practical
More information"Finnair" and "Finnair Group" as used herein refer to Finnair Plc and its subsidiaries.
Code of Conduct 1 INTRODUCTION 1.1 Purpose and scope of this document Finnair is an iconic national airline and a respected member of the international aviation community with a solid reputation in safety,
More informationEVER CORPORATE COMPLIAN
EVER CORPORATE COMPLIAN 8 Steps for Building an Effective Corporate Compliance Training Program Corporate compliance training programs are receiving renewed attention after the Department of Justice (DOJ)
More information5 key elements of effective compliance training
5 5 key elements of effective compliance training What is compliance training? educating employees on the laws, regulations and company policies that apply to their day-to-day job responsibilities with
More informationSupplier Ethics and Compliance Webinar
Supplier Ethics and Compliance Webinar March 29, 2017 Chuck Neff, Director of Compliance Newport News Shipbuilding Huntington Ingalls Industries, Inc. Agenda 2 Why? Present Responsibility Assessment Engagement
More informationAnti-bribery corporate policy
Anti-bribery corporate policy 1. Scope and purpose of this guideline One of the key factors and reasons for the favorable reputation and image of Sb Accounting & Consulting is its ability and will to conduct
More informationInternal Audit & Compliance Importance of Collaboration and Skill Development
Internal Audit & Compliance Importance of Collaboration and Skill Development Odell Guyton Director of Compliance Microsoft Corporation Co-Chair Society Corporate Compliance & Ethics Austin, Texas June
More informationAnti-Bribery Policy. for you for your community not for profit. Date: Head of HR. Author:
Anti-Bribery Policy Date: Author: 11.07.17 Head of HR for you for your community not for profit Control box : Document owner: Reviewed by: Claire Knight Claire Knight Approved by and date: Head of HR July
More informationCODE OF ETHICS & CONDUCT
CODE OF ETHICS & CONDUCT 1 INTRODUCTION Integrity, responsibility and honest, ethical business conduct are core values of the Carlsberg Group. This Code of Ethics and Conduct (the Code ) supports our strategy
More informationDeveloping an Integrated Anti-Fraud, Compliance, and Ethics Program
Developing an Integrated Anti-Fraud, Compliance, and Ethics Program Establishing an Effective Anti-Fraud, Compliance, and Ethics Function 2018 Association of Certified Fraud Examiners, Inc. Discussion
More informationFraud incident handling management. Meeting the challenges of fraud
Fraud incident handling management Meeting the challenges of fraud Recently, more companies are becoming more aware of the financial and reputational damage that fraud can cause to a company. Especially
More informationThe Company seeks to comply with both the letter and spirit of the laws and regulations in all countries in which it operates.
1. Policy Statement ROOT9B HOLDINGS, INC. CODE OF BUSINESS CONDUCT AND ETHICS The Nasdaq listing standards require that the Company provide a code of conduct for all of its directors, officers and employees.
More informationGlobal Anti-Corruption Programs:
Global Anti-Corruption Programs: Advanced Practice and Effectively Managing Risk Las Vegas, Nevada Jeff Killeen Compliance Attorney Investigations, 3M Elliott Leary Managing Director, Freeh Group International
More informationReport on Compliance and Ethics
AVANGRID, Inc. CORPORATE COMPLIANCE 14 / February / 2018 Report on Compliance and Ethics I. Introduction This report describes actions taken by Avangrid and subsidiary management in connection with the
More informationMetso Code of Conduct
Metso Code of Conduct From the CEO Dear colleague, Metso is a big global company with more than 12,000 employees and operations in over 50 countries. It is important that we work as a team that shares
More information8 Steps for Building an Effective Corporate Compliance Training Program
8 Steps for Building an Effective Corporate Compliance Training Program By Michael Volkov, Principal at The Volkov Law Group DOJ AND SEC GUIDELINES FOR COMPLIANCE TRAINING Corporate compliance training
More informationQuestionnaire: Anti-Corruption Compliance Program Benchmarking Assessment
Appendix A Questionnaire: Anti-Corruption Compliance Program Benchmarking Assessment Anti-Corruption Compliance Program Benchmarking Assessment A. General information on the group B. Anti-corruption compliance
More informationconvercent Sample Board Report* Ethics & Compliance Program Update
convercent Sample Board Report* Ethics & Compliance Program Update *the data and content in this report are samples meant for demonstration purposes only, and not based on actual customer data or compliance
More informationStrengthening your anti-corruption compliance program
Strengthening your anti-corruption compliance program October 8, 2013 2012 2013 McGladrey LLP. All All Rights Reserved. Housekeeping Today s webinar will last for approximately one hour To view in Full
More informationLONDON PUBLIC LIBRARY POLICY
PURPOSE: The purpose of the Fraud Policy and its accompanying Risk Management Plan is to establish a framework by which London Public Library (LPL) will practice the highest level of business integrity
More informationInterpreting the Energy Risks from EY s 2016 Global Fraud Survey
Interpreting the Energy Risks from EY s 2016 Global Fraud Survey SCCE Utilities & Energy Compliance and Ethics Conference Washington D.C. 2016 Global Fraud Survey - Approach Between October 2015 and January
More information11/2/2016. Board Member Liability and Responsibility for Compliance AGENDA
Board Member Liability and Responsibility for Compliance Erica Salmon Byrne Ethisphere Institute Scott Killingsworth Bryan Cave LLP SCCE Board Audit and Compliance Committee Conference November 7, 2016
More informationDOLLARAMA VENDOR CODE OF CONDUCT
DOLLARAMA VENDOR CODE OF CONDUCT Approved by the Board of Directors of Dollarama on A. INTRODUCTION Dollarama L.P. ( Dollarama ) is committed to conducting its business in an ethical and socially responsible
More informationSAMPLE BOARD REPORT* convercent. Ethics & Compliance Program Update
convercent SAMPLE BOARD REPORT* Ethics & Compliance Program Update *the data and content in this report are samples meant for demonstration purposes only, and not based on actual customer data or compliance
More informationMYOB Group Limited Code of Conduct. December 2016
MYOB Group Limited Code of Conduct December 2016 MYOB Group Limited Code of Conduct 1 MYOB GROUP LIMITED (THE COMPANY) 1. INTRODUCTION 1.1 Background The MYOB group ( MYOB ) is committed to maintaining
More informationComputershare Group Code of
Computershare Group Code of Conduct A Message from the President & CEO Underpinning everything we do as a business are our three core values: Certainty: to deliver our services and solutions right first
More informationGlobal Compliance Audit. Understanding the Critical Importance of FCPA and Export Management Compliance
Global Compliance Audit Understanding the Critical Importance of FCPA and Export Management Compliance THE CRITICAL IMPORTANCE OF COMPLIANCE 2 When embarking on the promising and exciting endeavor of international
More informationThe Little Yellow Book
Our Supply Chain Ethics & Business Conduct Principles when doing business with CH2M HILL October 2011 Principles based on co-founder Jim Howland s The Little Yellow Book, written in 1978 Message from the
More informationNew DOJ Guidance on Corporate Compliance Programs: Key Issues and Recommendations
New DOJ Guidance on Corporate Compliance Programs: Key Issues and Recommendations Mattos Filho São Paulo Office March 24, 2017 B oies Schiller F lexner LLP w w w. b s f l l p. c o m 1977 :: U.S. Congress
More informationWhen the Government Knocks:
GHBER February 2, 2011 When the Government Knocks: The Impact of Compliance/Ethics Programs in Real Cases Win Swenson, Compliance Systems Legal Group www.cslg.com My Background and Where My Non- Public
More informationWhat this Program Will Do
The Strategy & Tactics of Effectively Managing Ethics and Compliance Risk During M&A Transactions LOUIS A. SAPIRMAN, JD, CCEP KASEY T. INGRAM, JD, CCEP @LOUISSAPIRMAN @KASEYINGRAMJD 1 What this Program
More informationWhat should your compliance function look like?
From Start-Up to IPO How to Design and Build a Compliance Program From Scratch Dominic F. Perella Sean Coutain October 2017 What should your compliance function look like? Start With the Legal Frameworks
More informationFraud in focus March Fraud & Corruption in the Victorian Public Sector learnings and insight for 2017 and beyond
Fraud in focus March 2017 Fraud & Corruption in the Victorian Public Sector learnings and insight for 2017 and beyond Introduction The Victorian Public Sector has a comprehensive integrity framework with
More informationcode of conduct + ethics
code of conduct + ethics 1 Home Code of Conduct and Ethics Contents A culture of integrity Our values 3 3 Aurecon s is the focal point of our policy on ethical business and promotes acting with integrity
More informationChecklist for Higher Education
Checklist for Higher Education The following section contains a checklist addressing issues of particular relevance to higher education. The guidance is considered best practice for higher education. The
More informationDetecting and responding to fraud: making the intelligent connection Fraud Investigation & Dispute Services
Investigations Detecting and responding to fraud: making the intelligent connection Fraud Investigation & Dispute Services We make the connection between knowledge and insight Our dedicated global team
More information2/22/2013 BUILDING AN EFFECTIVE COMPLIANCE AND ETHICS PROGRAM IN THE BEGINNING. Building an Effective Compliance and Ethics Program AGENDA
BUILDING AN EFFECTIVE COMPLIANCE AND ETHICS PROGRAM IN THE BEGINNING Building an Effective Compliance and Ethics Program 1. Why have a compliance and ethics program? 2. What are the critical building blocks?
More informationStandards for Internal Control in New York State Government 2016 Update
Standards for Internal Control in New York State Government 2016 Update Presented to the New York State Internal Control Association John F. Buyce Audit Director April 28, 2016 1 Last Revised in 2007 A
More informationHALLMARK I. Top Management, Through the Organization and the Board. Thomas Fox. The Compliance Evangelist
HALLMARK I Top Management, Through the Organization and the Board Thomas Fox The Compliance Evangelist A. Leadership s Conduct at the Top Under the Evaluation of Corporate Compliance Programs, Prong 2,
More informationSUNRISE TELECOM CODE OF BUSINESS CONDUCT AND ETHICS Overview Sunrise Telecom is committed to its customers, partners, employees and stockholders.
SUNRISE TELECOM CODE OF BUSINESS CONDUCT AND ETHICS Overview Sunrise Telecom is committed to its customers, partners, employees and stockholders. Accordingly, we believe that operating with integrity is
More informationSafety Competencies. Introduction to Safety Competencies
Safety Competencies Introduction to Safety Competencies 0 Continuing Care Safety Association T: 780.433.5330 www.continuingcaresafety.ca Vision Incident free workplaces. Mission To create safe workplaces
More informationAPPROVED. Anti-Bribery and Corruption Policy OBJECTIVES PRINCIPLES WOODSIDE POLICY. Prohibition on corruption. Gifts and entertainment principles
WOODSIDE POLICY Anti-Bribery and Corruption Policy OBJECTIVES Woodside is committed to conducting its business and activities with integrity. To achieve this objective: Woodside will not engage in corrupt
More informationAnti-Fraud Programs and Control Policy
Anti-Fraud Programs and Control Policy OVERVIEW This document provides an overview of the programs and controls Tahoe Resources Inc. ( Tahoe ) follows in order to evaluate fraud risk as it pertains to
More informationTNT POLICY Title TNT Policy on Fraud, Corruption and Bribery
TNT POLICY Title Date of effect 25 November, 2015 Version 3.0 Policy Owner Tjeerd Wassenaar, General Counsel Direct telephone no. +31 88 393 9000 Document history Approvals Approved by Date of approval
More informationRisk Management Briefing
Risk Management Briefing Guidance on the Bribery Act 2010 Revised April 2017 Introduction The offence of bribery has existed for a considerable period in the UK, but prior to 2011 proved difficult to enforce
More informationReferences to Board Committees shall mean the Audit, Nominations, Remuneration and Health, Safety, Environment and Community Relations Committees.
Fresnillo plc (the Company ) Schedule of Matters Reserved for the Board Terms of Reference: References to Board Committees shall mean the Audit, Nominations, Remuneration and Health, Safety, Environment
More informationCompliance and Ethics Trends and Predictions
Compliance and Ethics Trends and Predictions 2017 INTRODUCTION When we reflect on 2016 and everything that transpired, it can be best summed up as a year of experimentation and enforcement for the compliance
More information(incorporating the Business Code of Conduct and the Managing Company Property Policy) Date issued/reviewed Effective from Next review
Date: June 2017 Ethics Code (incorporating the Business Code of Conduct and the Managing Company Property Policy) Policy owner/ issued by Group CEO Approved by Group Executive Team on behalf of the Board
More informationTEEKAY TANKERS LTD. STANDARDS OF BUSINESS CONDUCT POLICY
TEEKAY TANKERS LTD. STANDARDS OF BUSINESS CONDUCT POLICY WHY TEEKAY HAS STANDARDS OF BUSINESS CONDUCT As responsible business leaders, it is not enough to do things right; it is also important to do them
More informationFraud Risk Management
1 Fraud Risk Management Building and Sustaining An Anti-Fraud Business Environment January 19, 2015 John@JohnHallSpeaker.com www.johnhallspeaker.com 2 Risk Management A continuous process to identify,
More informationAnti-Bribery & Anti-Corruption Best Practices to Ensure a Compliant Culture
Anti-Bribery & Anti-Corruption Best Practices to Ensure a Compliant Culture 2 Anti-Bribery & Anti-Corruption The far-reaching impact of the UK Bribery Act combined with the aggressive international enforcement
More informationCompliance Management System 4.0
Compliance Management System 4.0 Release: September 2017 Corporate Compliance Office 1 Agenda 1. 2. Compliance Organization 3. Reporting Line 2 Definition of Compliance The meaning of Compliance is: Behaviour
More informationSociety of Corporate Compliance & Ethics: West Coast Regional
Society of Corporate & Ethics: West Coast Regional Internal Audit and : The Importance of Collaboration & Skill Development: From Policy to Practice Odell Guyton, JD, CCEP CO-CHAIR SCCE Director of Microsoft
More informationRef Matter Committee 1. Strategy and Management
FDM GROUP (HOLDINGS) PLC ( Company ) and its Group ( Group ) SCHEDULE OF MATTERS RESERVED FOR THE BOARD ADOPTED BY THE BOARD ON 27 JANUARY 2015 Introduction The matters set out in this schedule are reserved
More informationWhat Every Internal Auditor Should Know Perspectives of a Chief Compliance Officer
What Every Internal Auditor Should Know Perspectives of a Chief Compliance Officer IIA: November 11, 2011 Jon Rydberg Agenda 1. Opening Comments 2. Weak Infrastructure May Drive Value Destruction 3. Case
More informationEvaluating and Certifying Compliance Programs
Evaluating and Certifying Compliance Programs Claire TETART, Certification Manager, ETHIC Intelligence Maxime GOUALIN, Business Ethics & Human Rights Manager, Schneider Electric ETHIC Intelligence Certification
More informationANTI-SLAVERY POLICY Version 2 January 2018
ANTI-SLAVERY POLICY Version 2 January 2018 Applicable to (Group/company/specific groups of staff /third parties) Produced by (Name/s and job title/s) All Group Companies and Staff External consultants
More informationSocial & Ethics Committee UNCOVERED
Social & Ethics Committee UNCOVERED Application State owned companies Listed companies Large companies with Public Interest Score > 500 in any 2 of the past 5 years Public Interest Score Section 26 of
More informationDiving into the 2013 COSO Framework. Presented by: Ronald A. Conrad
Diving into the 2013 COSO Framework Presented by: Ronald A. Conrad 2 Objectives Obtain an understanding of why the COSO Framework has been updated Understand how the framework has changed Identify the
More informationWhat Every Leader Should Know about Compliance Officers and Compliance Programs
What Every Leader Should Know about Compliance Officers and Compliance Programs Roy Snell, CEO, SCCE/HCCA Concerns As a result of ethical and legal issues going undiscovered and unresolved in business,
More informationENMAX CORPORATION PRINCIPLES OF BUSINESS ETHICS
ENMAX CORPORATION PRINCIPLES OF BUSINESS ETHICS This Policy applies to ENMAX Corporation and its Subsidiaries ( ENMAX ). The Board of Directors has the primary responsibility for the approval of this Policy,
More informationMATTERS RESERVED FOR THE BOARD
MATTERS RESERVED FOR THE BOARD Key: References to Board committees shall mean the Audit, Nomination & Corporate Governance and Remuneration committees. References to Audit, Nomination & Corporate Governance
More informationThis document articulates ethical and behavioral guidance for all NGA Human Resources companies, employees, and business partners (such as suppliers,
This document articulates ethical and behavioral guidance for all NGA Human Resources companies, employees, and business partners (such as suppliers, agents, vendors and sub-contractors). To help guide
More informationCompliance Plans. Kelly S. McIntosh July 20, 2017
Compliance Plans Kelly S. McIntosh July 20, 2017 Roadmap The importance of compliance and compliance programs Common compliance issues know your risk areas! Guidance for drafting or updating your compliance
More informationBribery in International Business Transactions. World Headquarters the gregor building 716 West Ave Austin, TX USA
Bribery in International Business Transactions World Headquarters the gregor building 716 West Ave Austin, TX 78701-2727 USA IV. LIMITING LIABILITY: CORPORATE GOVERNANCE AND FRAUD PREVENTION STRATEGIES
More informationOCTOBER 2016 GROUP CODE OF CONDUCT
OCTOBER 2016 GROUP CODE OF CONDUCT CONTENTS OUR VALUES AND OUR COMMITMENTS 4 General principles 6 Our commitments 8 INDIVIDUAL AND COLLECTIVE CONDUCT GUIDELINES 12 Maintaining the confidentiality of information
More informationANTI-CORRUPTION AND BRIBERY POLICY
ANTI-CORRUPTION AND BRIBERY POLICY Policy statement It is our policy to conduct all of our business in an honest and ethical manner. We take a zero-tolerance approach to bribery and corruption and are
More informationAmgen GLOBAL CORPORATE COMPLIANCE POLICY
1. Scope Applicable to all Amgen Inc. and subsidiary or affiliated company staff members, consultants, contract workers, secondees, and temporary staff worldwide ( Covered Persons ). Consultants, contract
More informationAUDITING ETHICS PROGRAMS TO ADDRESS CULTURE AND CONDUCT
AUDITING ETHICS PROGRAMS TO ADDRESS CULTURE AND CONDUCT 2018 Utilities & Energy Compliance & Ethics Conference February 6, 2018 Pamela Verick, Director Protiviti Forensic pam.verick@protivitil.com Internal
More informationGroup Daimler Assistance Systems for Safe Business
Group @ Daimler Assistance Systems for Safe Business Daimler AG, Group Daimler AG, Group 2 1. Integrity 2. Overview of @ Daimler 3. International 4. Execution in operational business 5. Takeaways Daimler
More informationKnowledge grows. Yara s Anti-Corruption Commitment
Knowledge grows Yara s Anti-Corruption Commitment 2 Yara Contents 1. Introduction from the CEO 4 2. About this document 5 2.1 Who is it for? 5 2.2 Other relevant documents 6 3. Corruption 7 3.1 What is
More informationCODE OF BUSINESS CONDUCT AND ETHICS (Amended and Restated as of May 7, 2013)
CODE OF BUSINESS CONDUCT AND ETHICS (Amended and Restated as of May 7, 2013) Introduction One of Matrix Service Company's most valuable assets is its integrity. Protecting this asset is the job of everyone
More information