Incentive Structures Possible Conflict of Interest 10:16, November 16, 2016

Our Resources

Category: ethical conduct

Earlier this year, the US Department of Labor (DOL) passed a rule about handling retirement accounts. While the new rule is pretty technical, it provides a simple example of a conflict of interest that affects everyday people and internal incentive structures. People invest in IRAs and 401(k)s for their retirement. An administrator manages those accounts […]

read more

The enactment of the Foreign Corrupt Practices Act (FCPA) in 1977, the Federal Sentencing Guidelines for Organizations (FSGO) in 1991, the Sarbanes–Oxley Act of 2002, and the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act all contributed to the perception that a code of ethics is solely a legal compliance and risk management tool. However, […]

read more

Whistleblower hotlines for reporting a company or organization’s misbehavior are common ways for employees to report unsafe conduct and violations of law and policy. Employees can usually report internally or externally. In addition to company hotlines, whistleblower hotlines are also operated by government agencies such as the Securities and Exchange Commission, Environmental Protection Agency, Occupational […]

read more

A new report by travel-industry group Project: Time Off (PTO) cautions that millennial work martyrs could redefine vacation culture for the US workplace of the future. That’s because, despite the stereotype of the “entitled” millennial, 48% of workers born between 1981 and 1997 reportedly want their bosses to consider them to be work martyrs who […]

read more

Most large organizations have a conflicts of interest policy and associated rules. Knowing what a conflicts of interest policy includes and how it should be followed is a compliance imperative. Background For many, conflicts of interest rules can be found in a company’s code of conduct, which typically outlines ethical behavior within the workplace. Generally, […]

read more

A new anti-bribery management systems standard (ISO 37001) is scheduled to be issued in October 2016 by the International Organization for Standardization (ISO), which is made up of the national standards bodies of 163 member countries. According to the ISO 37001 draft standard summary, ISO 37001 “specifies a series of measures” to help organizations “prevent, […]

read more

Knowing general antitrust law principles is indispensable to anyone who does business in the global market. However, when it comes to the particulars, different legal standards mean that an action that violates antitrust law in one jurisdiction may be legal in another. This can make antitrust law a complex and sometimes unpredictable realm to negotiate […]

read more

Like many industries, the medical field is no stranger to compliance. While its compliance issues may seem inapplicable to industries like tech and banking, we have covered recent developments that provide best practices for all organizations in three main areas: data security, sexual harassment, and conflicts of interest. HIPAA Compliance Prevents Ransomware Attacks According the […]

read more

The abusive practices alleged in Wells Fargo’s historic agreement to pay $185 million in fines for opening millions of unauthorized consumer accounts exemplify a toxic company culture based on unreasonable incentive programs and sales quotas poorly monitored for ethical and legal compliance. To get a sense of the scope of the problem, consider a Harvard study which […]

read more

Conflicts of interest can happen in almost every workplace. Employees and supervisors alike must balance their company’s best interest against their own. Though these situations can be common, they are serious ethical issues. What’s tricky about conflicts of interest is that it’s sometimes difficult to pinpoint what constitutes a conflict of interest and who can have […]

read more
1 2 3 4 5 6

White Paper
Data Security training
for employees

  |   Download White Paper

 

Compliance Course Catalog
  |   Download Catalog