Conflicts of interest in the workplace happen more often than you might think. A senior manager approves a vendor contract, unaware the vendor employs a family member. An employee fails to disclose a financial interest in a competitor’s business, creating a potential bias in decision-making. These are just two examples of how conflicts of interest can quietly develop in the workplace. All while exposing organizations ...
The U.S. regulatory environment is on the brink of significant transformation with the impending transition to a new presidential administration. Anticipated policy shifts have ethics, governance, risk, and compliance (GRC) professionals preparing for change on multiple fronts including international trade, cybersecurity, regulatory compliance, and diversity, equity and inclusion (DEI) programming. "As with all change, risks and opportunities must be considered," shares Christine Brown, Vice President ...
The human factor remains the greatest source of risk in any organization. Companies that fail to align their Governance, Risk, and Compliance (GRC) strategy with employee training are exposing themselves unnecessarily to risk management issues, compliance penalties, and reputational damage. Below we look at three companies that strengthened their corporate compliance and risk management strategy by engaging employees in workplace ethics, eLearning solutions, and compliance ...
Many workers don’t spend their day behind a desk—think retail staff, construction crews, dock workers, and nurses. Deskless workers make up 80 percent of the global workforce, reports skedulo. Like their desk-bound colleagues, deskless employees also need compliance training. However, deskless workers face unique challenges in accessing traditional online learning. Without regular access to computers, how can organizations ensure they receive the same high-quality training? ...
The future of gamification in ethics and compliance (E&C) training? It lies in immersive storytelling. According to our most recent SAI360 Learning Content Survey, respondents indicated a preference for branching scenarios. Here, learners navigate a story by making decisions that impact the outcome. This shift arguably marks a noted departure from traditional gamification strategies. Think leaderboards and token-based rewards (which were far less favored by ...
In the Governance, Risk, and Compliance (GRC) industry, ethical corporate gift-giving is crucial to uphold integrity and adhere to global anti-corruption laws. Employees must navigate complex regulatory frameworks and cultural nuances to ensure their actions align with both local customs and international legal standards. A Snapshot of a Few Global Laws Governing Gift-Giving: France SAPIN II Law: A comprehensive anti-corruption framework aimed at increasing corporate ...
What is greenwashing? Greenwashing occurs when companies mislead consumers or investors about their environmental impact, presenting themselves as more eco-friendly than they truly are. For example, the company may be engaging in greenwashing if a product’s packaging uses unregulated terms like "clean" and "eco-friendly"—words that imply sustainability without actual certification. This practice poses significant risks, especially as Environmental, Social, and Governance (ESG) becomes a priority ...
Corporate gift-giving can spark compliance challenges if not done ethically. Corporate policies must consider variables, such as: What kind of gift? What is its value? What are the cultural expectations around this gift? What is the context in which the gift is exchanged? Can this gift be considered a bribe? Has it been gifted to carry a weight of expectation? Or is it merely a ...
COVID-19's ongoing aftermath has left many organizations facing severe corporate compliance staffing shortages. As competition for skilled professionals heats up, companies are finding it harder to fill key regulatory compliance officer positions. With limited resources, maintaining risk management compliance programs and avoiding regulatory compliance risks and compliance violations has become a major challenge. Why are Compliance Staffing Shortages Happening? Several factors are fueling the shortage ...
For ethics, Governance, Risk, and Compliance (GRC) training professionals, understanding the difference of SCORM vs AICC is essential. Below, we highlight some key comparisons between the two eLearning content standards so you can better inform yourself and educate your greater organization on the benefits and disadvantages of both. What's the difference in SCORM vs AICC? SCORM is the dominant eLearning standard where AICC tends ...
