Welcome to The Woody Report, where Washington & Lee School of Law Associate Professor Karen Woody and host Tom Fox discuss issues on white collar crime, compliance issues, international corruption, securities and accounting fraud, and internal corporate…
In the late 1940s, engineer Taiichi Ohno introduced the world to the Toyota Production System, an operational approach rooted in the Japanese principle of Kaizen or, as we call it…
Artificial intelligence (AI) presents a paradox for corporate leaders. On one hand, its potential is undeniable: in a 2023 Gartner survey, 79% of corporate strategists deemed AI, automation, and analytics…
In compliance, we often view career advancement as a ladder, a relentless climb toward greater authority, higher compensation, and more significant responsibilities. But what if the path to long-term success…
Personalization has emerged as a transformative force in modern business and modern communications. Marketing is no longer about addressing a customer by name in an email but delivering tailored experiences…
The case of Boeing and its contentious negotiations with the U.S. Department of Justice (DOJ) over compliance, monitorship, and accountability offers a gripping narrative of corporate responsibility, regulatory oversight, and…
In his recent article, Who Owns Transaction and Controls Monitoring? published in Fraud Magazine, author Vince Walden explored the challenges of assigning responsibility for transaction and control monitoring within organizations. He…
Regarding compliance, the tone from the top is crucial—but culture eats tone for breakfast. Compliance professionals know that a robust compliance program is only as effective as the culture supporting…
For decades, Delaware courts famously described Caremark claims alleging breaches of the duty of oversight as “possibly the most difficult theory in corporation law upon which a plaintiff might hope…
In the modern corporate landscape, traditional key performance indicators (KPIs) are struggling to meet the demands of dynamic compliance environments. These legacy metrics often fail to align operations, prioritize resources,…
When discussing leadership transitions at troubled organizations, one recurring theme is often overlooked: character’s pivotal role in shaping culture and outcomes. In an MIT Sloan Management Review article entitled “Make…
