Like any business function, compliance works best with oversight and care. But many businesses allow compliance to become an afterthought, making it harder to act ethically. Good compliance management involves all areas of a business in developing an ethical environment.
Today, more than ever, companies large and small are conducting business all over the world, so it begs the question: what happens when businesses transfer personal data across borders? Here to help us understand how US companies safeguard their EU customers’ data is Frances Henderson, Director of Privacy Initiatives and Bryant Fry, Deputy Director of BBB EU Privacy Shield. Join us to hear more about this essential topic in-depth. BBB Better Series: EU privacy shield, a BBB national program Used by kind permission of the Better Business Bureau of Minnesota & North Dakota. Originally broadcast on May 15, 2019.Learn More
Excerpt from Kristy Grant-Hart's How to be a Wildly Effective Compliance Officer: Learn the Secrets of Influence, Motivation and Persuasion to Become an In-Demand Business Asset (Brentham House 2015). Grant-Hart's decision tree demonstrates how businesses can best work with a compliance officer. I developed the Compliance Officer Decision Tree after dealing with a high-ranking corporate executive who did not understand what I did and was not interesting in learning what I did. After a particularly ugly conversation wherein she expected a commercial decision from me, I developed the Compliance Officer Decision Tree and shared it with her to help her…Learn More
The following excerpt from Kristy Grant-Hart's How to be a Wildly Effective Compliance Officer: Learn the Secrets of Influence, Motivation and Persuasion to Become an In-Demand Business Asset (Brentham House 2015) was written with compliance officers in mind. But her words are equally applicable to executives and managers who want to make ethics and law part of the workplace. Superman knows his mission is to fight a never-ending battle for truth and justice. Mighty Mouse sang, "Here I comes to save the day!" You too must know your mission. You must believe in your cause and know you will succeed.…Learn More
Q: What is a compliance program and does my business need one? A: A compliance program is made up of company policies and procedures intended to reduce the possibility of legal consequences, such as regulatory fines or lawsuits. Any simple step can be part of a compliance program. For instance, if the city requires paper recycling, placing recycling bins around the office helps ensure compliance with that rule. The possibility of a legal problem, such as a regulatory action, fine or lawsuit, is a real business risk. Your company likely deals with many of these risks already. But ad hoc efforts…Learn More