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Daily Compliance News

Daily Compliance News: July 23, 2024 – The Sick Man of Europe Edition

Welcome to the Daily Compliance News. Each day, Tom Fox, the Voice of Compliance, brings you compliance-related stories to start your day. Sit back, enjoy a cup of morning coffee and listen to the Daily Compliance News. All from the Compliance Podcast Network.

Each day, we consider four stories from the business world: compliance, ethics, risk management, leadership, or general interest for the compliance professional.

In today’s edition of Daily Compliance News:

  • Is German the ‘Sick Man of Europe’? (FT)
  • Uganda shut down its capital prior to ABC protests. (Al Jazeera)
  • Beware of your Chinese business partners.  (NYT)
  • WEF to probe workplace culture.  (WSJ)

For more information on the Ethico ROI Calculator and a free White Paper on the ROI of Compliance, click here.

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The Walden Pond

Battling Global Corruption and Promoting Integrity with Lisa Ventura


Lisa Ventura is the Practice Lead in the Partnering Against Corruption Initiative (PACI) with the World Economic Forum, and this week’s guest. For over 6 years, she has worked with the Forum, focusing on business, human rights, and combining profit with purpose. She joins Vince Walden to discuss how the Forum deals with global corruption and promotes integrity.

The World Economic Forum is an international organization for private-public cooperation whose goal is to bring businesses, governments, and civil societies together to address a wide array of issues. PACI is a platform in the global anti-corruption arena that puts emphasis on public-private cooperation, responsible leadership, and technological advances. Their agenda is to leverage the tone from the top to change how companies operate and build a corporate culture of ethics and integrity. 
There are four pillars of the agenda for business integrity: commitment to ethics and integrity beyond compliance; the strengthening of corporate culture and incentives to drive continuous learning and improvements; the leveraging of technologies to reduce the scope of corruption; and the supporting of collective action to increase scale and impact.
Global corruption levels are expected to rise as a result of the rising pressure caused by the pandemic. Lisa recommends appointing leaders who think of integrity as essential as a way to combat it.
Resources
Lisa Ventura on LinkedIn | Twitter
WEForum.org
https://www.weforum.org/communities/partnering-against-corruption-initiative
https://www.weforum.org/communities/global-future-council-on-transparency-and-anti-corruption
Agenda for Business Integrity – http://www3.weforum.org/docs/WEF_GFC_Overview_Agenda_for_Business_Integrity.pdf
Hacking Corruption in the digital era:  http://www3.weforum.org/docs/WEF_GFC_on_Transparency_and_AC_Agenda_for_Business_Integrity_pillar_3_2020.pdf