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Best Practices

Corporate cultural change: Concrete and values-based policies

This is the third in a series of five posts suggesting best practices for implementing corporate cultural change.  For an overview of all the tips on this subject, check out this preview postThe first post in the series discussed tone and conduct at the top.  Last week’s post was about the importance of consistent, visible enforcement.  Today’s post will discuss strategies for creating and implementing effective policies.  The fourth post in the series, on March 19, will focus on putting in place procedures that are complementary to those policies.  Finally, on March 27, the fifth and final post will discuss tips for going beyond training in order to create effective and engaging employee education initiatives to boost awareness and compliance culture.

As discussed in the last two posts in this series, concrete changes to organizational culture cannot be accomplished through mere rhetoric, even when it is underlaid by sincere desire for progress.  Compliance program best practices must be observed and supported by senior management and top leadership in order for effective controls and cultural values to take root throughout the organization.

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This week preview

This week on Compliance Culture

Be sure to visit Compliance Culture this week for posts on these topics.

  • Monday: Corporate cultural change: Policies to design and implement
  • Tuesday: Compliance and management theory
  • Wednesday: Integrity of game play: Institutional cheating
  • Thursday: Compliance and ethics of online platforms: Facebook
  • Friday: Compliance in Arrested Development

Don’t miss it!

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Last week round-up

Last week on Compliance Culture

Check out last week’s posts on Compliance Culture, in case you missed or want to revisit them.

Many thanks for reading!

Categories
Compliance in popular culture

Selected TED/TEDx talks on the ethics of innovation in technology

Check out these TED and TEDx talks on the ethics of innovation in technology.  This includes compliance risks and ethical considerations in knowledge acquisition, engineering, and design.

Categories
Trends in business compliance

Round-up on compliance issues with online platforms: YouTube

This is the first in a series of six posts on compliance issues with various online platforms.  Today’s post is about YouTube.  Next Tuesday’s post will be about Facebook.  The third post in the series, on March 22, will discuss Instagram.  The fourth post in the series, on March 29, will focus on Twitter.  The fifth post, on April 5, will be about Snapchat.  On April 12, the sixth and final post in the series will discuss Reddit.

The video hosting and sharing service YouTube was created in 2005 and is now owned by Google. YouTube contains content from both individuals as well as media corporation partners.  This content is extremely diverse, ranging from short clips to entire television shows and films as well as music videos, video blogs, live streams, and educational presentations.  YouTube also makes use of the advertising program Google AdSense and includes targeted ads on its content; most of the videos on YouTube are free to view but some ad content will appear before, during, and/or after the video plays.

Categories
Compliance and ethics business case studies

Integrity of game play: Referee bias

This is the third in a series of five posts on the topic of integrity of game play.  The first post discussed the impact of various types of player misconduct on sportsmanship and game outcomes.  Last week’s post debated whether tanking can be ethical and looked at numerous examples of tanking across different sports to compare how it happens and what its effect is. Today’s post is about referee bias and how it affects games, players, and teams.  The fourth post, on March 14, will be about organizational cheating operations by teams.  The fifth post and the last in the series, on March 21, will be about unethical leadership of coaches.

Teams and their fans often accuse referees of being biased or making unfair calls. Whenever players or spectators disagree with the call made or penalty assessed – which, for those on the wrong side of the outcome of the decision, is not all that rare – bias is often suspected or assumed.

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Compliance and ethics business case studies

Insights from behavioral economics for compliance officers

This is the third in a series of four posts on insights for compliance officers from different fields of study.  The first post in the series was about lessons from psychology regarding motivation and choice, from prominent figures such as Viktor Frankl and Barry Schwartz.  Last week’s post discussed insights from self-development and coaching, including the works of people like Brene Brown and Byron Katie.  Today’s will be about insights from behavioral economics.  The fourth and final post in this series, on March 13, will focus on the application of theories of business management theories to corporate compliance programs.

Behavioral economics is a multi-disciplinary field of academic study which integrates themes from psychology, sociology, and neurology, among others, to analyze and predict economic decisions and markets behavior of individuals.  Given that behavioral economics shares so much theoretical inspiration with other areas and covers such a wide array of human behavior, it is naturally quite insightful for compliance officers.  Like compliance, behavioral economics focuses heavily on factors to decision-making and conduct.  Behavioral economics also takes great interest in risk tolerance and assessment, the management of which is also important for compliance.

Categories
Best Practices

Corporate cultural change: Consistent and visible enforcement

This is the second in a series of five posts suggesting best practices for implementing corporate cultural change.  For an overview of all the tips on this subject, check out this preview postLast week’s post discussed tone and conduct at the top.  Today’s post is about enforcement.  Next Monday’s post, on March 12, will discuss effective policies.  The fourth post in the series, on March 19, will focus on procedures to complement those policies.  Finally, on March 27, the fifth post in the series will discuss tips for going beyond training in order to create effective and engaging employee education initiatives to boost awareness and compliance culture.

Last week’s post discussed the importance of commitments by executive boards, senior management, and top leadership in organization to expressing tone and modelling conduct to enable change.  Once the path is cleared for institutions to follow, by the statements and actions that aim to define and promote the necessary change, effective and bold enforcement actions must follow.

Categories
This week preview

This week on Compliance Culture

Be sure to visit Compliance Culture this week for posts on these topics.

  • Monday: Corporate cultural change: Consistent and visible enforcement
  • Tuesday: Compliance and behavioral economics
  • Wednesday: Integrity of game play: Referee bias
  • Thursday: Compliance and ethics of online platforms: YouTube
  • Friday: Ethics of knowledge acquisition in technology

Don’t miss it!

Categories
Last week round-up

Last week on Compliance Culture

Check out last week’s posts on Compliance Culture, in case you missed or want to revisit them.

Many thanks for reading!