Podcast
The Continuing Evolution of Monitorships
Why Independence in a Monitor Matters
ABA Guidelines on Monitors
- Begin with framework for such an assessment, usually the compliance program itself.
- Is your training both focused and effective?
- Is there institutional fairness in your promotion and compensation programs?
- Is there institutional justice around reporting, discipline and investigations?
- Is your compliance program a paper program or is it fully operationalized?
- Is there accountability in your organization?
For more information see Jay’s blog post How is ethical culture a part of an overall ethics and compliance assessment? on Corporate Compliance Insights.
For more information on Affiliated Monitors, Inc. check out their website here.How to Assess Your Culture
- Who should perform the assessment of corporate culture?
- An in-house resource may be seen as more ongoing monitoring than culture assessment.
- Conversely an independent outside expert may be able to garner more fulsome information of the true state of your corporate culture.
- Tools to assess the culture of an organization include employee surveys, conversations, visits to field operations.
- What are the differences, if any, which must be considered when assessing a global company?
- Why do you need to “fine-tune” a cultural survey to get a good understanding of the company’s culture and obtain meaningful metrics?
- The bottom line is you should take the temperature of your employees internally by doing regular monitoring of your company to understand its culture and what needs to be done.
For more information on Affiliated Monitors, Inc. check out their website here.
For more information see Jay’s blog post How does a company assess its culture? on Corporate Compliance Insights.The Role of a CCO in Culture
In this podcast I am joined by Jay Rosen, VP of Business Development for Affiliated Monitors, Inc. In this episode, we consider to what extent the Chief Compliance Officer (CCO) should be involved in shaping a culture of ethics and driving ethical behavior. Highlights include:
- Who bears the responsibility for culture?
- The duty most often falls to the CCO, so both the CCO and the entire compliance function need to be able to coordinate the various inputs and support mechanisms that guide employee behavior.
- The CCO is often the face of the ethics program for the company – kind of the spokesperson for the company who helps to drive behavior.
- In hiring and recruiting, a CCO can create a culture where an organization would only hire the right type of people as employees.
- When managing upward, the CCO has an equally critical mandate through unfettered access to provide information to the Board regarding the compliance and ethics posture at the company, specifically including the culture.
- What are the warning signs of an unethical culture?
- It is up to the CCO to understand and have their finger on what the culture is, where the challenges are and what needs to be done to continually strengthen the culture.
For more information see Jay’s blog post What is the CCO’s Role in Strengthening the Organization’s Culture of Ethics? on Corporate Compliance Insights.
For more information on Affiliated Monitors, Inc. check out their website here.What Factors Influence a Company’s Culture
- A company does not have an ethical culture unless top management commits to it.
- Equally important is a sense of organizational justice and fairness.
- One of the key elements of effective leadership is listening and that also applies to a company’s culture.
- Do senior leadership give their people the opportunity to be heard?
- Do senior leaders get out of the ivory tower, go out into the field and meet with employees?
- Are there town halls or other types of group interactions?
- Do the employees see whether their leaders are living those kinds of values?
- It is crucial for perception to equal reality.
- The bottom line is there must be alignment between what top management says and the company’s core values – between what the organization says and what it does.
For more information see Jay’s blog post What Factors Influence a Company’s Ethical Culture? on Corporate Compliance Insights.
For more information on Affiliated Monitors, Inc. check out their website here.- An exploration of the question “what is corporate culture”?
- Corporate culture is the way things really arein an organization and the way things really work.
- There may be more than one culture in an organization and there might well be multiple subcultures in a company.
- M&A due diligence around culture is critical.
- What different kinds of cultural systems could impact a company?
- Why is having a “speak up” culture a key indication of a strong ethical culture?
- How can an organization hold its employees throughout the organization accountable?
- Why must there must be an alignment between what top management says and the company’s core values to have an effective culture?
For more information see Jay’s blog post What is Ethical Culture and Why Does it Matter? on Corporate Compliance Insights.
For more information on Affiliated Monitors, Inc. check out their website here.