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 ...
In times of crisis, every decision matters. Crisis-capable leaders go beyond simple decision-making. They build teams that can respond strategically, not just react. They rely on emotional intelligence, foster respect through transparency, and genuinely care about their team members. Together, these elements create a foundation for resilience and decisive action. Below are four attributes crisis-capable leaders have: 1. Crisis-Capable Leaders Leverage Team Strengths When a crisis ...
As risk landscapes grow more intricate and regulatory demands intensify, outdated, siloed approaches to ethics, governance, risk, and compliance (GRC) can no longer keep up. Organizations need adaptive, integrated strategies to stay resilient. At SAI360’s CustomerConnect event in Chicago, GRC and Ethics & Compliance professionals gathered over two days in November to discuss these challenges openly. One of several global events recently hosted by SAI360, ...
The compliance office is rapidly changing. Organizations are facing challenges like increased regulatory demands, expanding responsibilities, and the need for integration across departments like IT and risk management. The key to managing these pressures - adaptability and flexibility. The modern compliance office must evolve accordingly. Organizations that fail to adapt may struggle to stay compliant. The result? Costly penalties or reputational damage. Here’s what ...
As artificial intelligence (AI) continues to advance, regulatory frameworks are evolving in the blink of an eye across the globe. Both Europe and Canada, for example, are arguably at the forefront of shaping AI governance, each focusing on addressing AI's greatest ethical risks. For example, consider the EU AI Act, which is set to roll out fully in the coming months. This is designed to foster trust ...
In October of 2024, a major supply chain strike across key U.S. transportation hubs caused significant delays in the delivery of essential goods. This three-day strike for higher employment wages rippled across the world. Why? It caused massive supply chain disruption, at scale. Without the ability to trade goods, business-as-usual became business-as-unusual. In the U.S., ports from New York to Miami to Houston came to ...
The Consumer Financial Protection Bureau (CFPB) has released an interpretive rule that applies the Truth in Lending Act (TILA) and Regulation Z to Buy Now, Pay Later (BNPL) products. This new rule reclassifies certain BNPL lenders as credit card providers. This change now brings certain BNPL lenders under Regulation Z’s governance. It also affects how Governance, Risk, and Compliance (GRC) professionals should oversee BNPL products ...
In celebration of Compliance Officer Day, we're thrilled to launch our 2024 Compliance Time Capsule! This initiative captures the pulse of today's most pressing compliance trends and challenges, with a look toward the future. Through exclusive interviews with industry experts Tamara Ginciene, Founding Partner of Hinz Governance & Business Integrity, and Fabiana Lacerca-Allen, Chief Compliance Officer at Cipla USA, as well as insights from our ...
The allure of the Olympics--the inspiration, the energy, the elite athleticism you can witness firsthand--offers unique opportunities for corporate hospitality and relationship building. Especially the kind that drives new business growth and impact. But it also raises significant questions about gifts, hospitality, ethics, and governance, risk, and compliance (GRC). Balancing Opportunity with Compliance Future Olympic games coming up next in Italy, the U.S., and Australia represent ...
