02 May

New Compliance Certificate Program Available

A new compliance certificate program is now available! Wilmington University, based in Delaware, has recently launched a new online only Compliance Certificate Program. This program consist of 18 credits, and provides students with the background and skill set necessary to begin a career in  the Compliance field. The well rounded coursework includes: US Administrative and Regulatory Law, Global Regulatory Law, Fundamentals of Compliance Management, Corporate Governance and Regulation, Integrating Excel into Business Problem Solving, and Financial Fraud Examination.

Dr. Nitish Singh, founder of IntegTree, created the interactive e-learning modules for two of the courses – POL 345 –  Fundamentals of Compliance Management and  POL 355 – Corporate Governance and Regulation. You can access samples of some of these, and other e-learning modules at this location.

If you would like more information on the certificate program, you can visit the certificate website at this location, or contact the program creator – Dr. Lori Sitler at: lorraine.r.sitler[at]wilmu.edu

01 Sep

Compliance Webinar – Psychometric Assessment

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On September 1st at 11:00AM Eastern Time Dr. Nitish Singh will be presenting a webinar on effective compliance communications and psychometric assessment. The webinar is entitled:

What We Need to Communicate & Why? 


Toward Effective Compliance Communications

The goal of this webinar is to help you better understand some of the root causes behind key compliance concerns, develop more effective compliance communications, and to discuss how to measure and document the impact of your compliance communications.

You can register for the quick (15 minute) webinar this location.

09 Jun

Ten Outrageous Bribes

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An article entitled “Ten Outrageous Bribes from Around the World”, written by The Corporate Ethics and Compliance Professors, was recently selected as a featured article for the Society of Corporate Compliance and Ethics’ publication: Compliance & Ethics Professional, in the June 2015 Edition.

Today we invite you to read that article and to gain further insight into the ways in which bribery and unethical behavior manifest in different cultural contexts. Additionally, you will learn about the ways in which localization can help you mitigate cross-cultural risks by bridging cultural gaps.

You may access the article at this location.

 

 

03 Jun

Compliance, Culture and Ethics: An Interview with Dr. Nitish Singh

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Professor Singh was recently interviewed by Dr. Kara Tan Bhala of the Seven Pillars Institute for Global Finance and Ethics. In the interview, Professor Singh discusses many concepts of interest to readers of this blog, including: corporate culture, ethics in compliance management,  ethics training, and more.

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You can access the interview by clicking the SPI banner above, or by clicking here.

31 Mar

Book Release Announcement

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We are pleased to announce the release of our book:Compliance Management A How-to Guide for Executives, Lawyers, and Other Compliance Professionals. Yesterday Amazon featured our book as the #1 New Release in the Business and Law category.

As followers of this blog, you are already aware of the importance of ethical, compliant business practices – but our book will prove to be an invaluable resource for business professionals and academics alike; we include showcases, best practices, interviews, examples, guides and more. Additionally we are in the process of producing interactive courseware to accompany each chapter, in addition to quiz modules. We will also be providing whitelabel copies of this material for organizational and institutional use.

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Please visit our book companion site to learn more about the book and view a brief introduction sample of the courseware.

You can order the book on Amazon, or via the publisher for 10% off with a coupon code on our site.

27 Mar

Imminent Book Release

We are pleased to announce that next week our book, Compliance Management A How-to Guide for Executives, Lawyers, and Other Compliance Professionals will be released. As followers of this blog, you are already aware of the importance of ethical, compliant business practices – but our book will prove to be an invaluable resource for business professionals and academics alike; we include showcases, best practices, interviews, examples, guides and more. Additionally we are in the process of producing interactive courseware to accompany each chapter, in addition to quiz modules. We will also be providing whitelabel copies of this material for institutional use.Please visit our book companion site at http://compliancehandbook.integtree.com/ to learn more about the book and view a brief introduction sample of the courseware.You can order the book on Amazon, or via the publisher for 10% off with a coupon code on our site.

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16 Sep

Nonprofit Risk Management Center – Psychometric Testing Interview

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On September 21-23rd the Nonprofit Risk Management Center is hosting a Risk Summit for Nonprofits in Chicago.  We will be presenting on the topic of: “Using Psychometric Testing to Understand Risk Perceptions and Attitudes”.

We were recently interviewed by the Center to give some background on psychometric testing, and to answer some questions on the topic – you can read the interview here.

If you would like more information on psychometric testing, or will be in attendance at the Summit, please do not hesitate to get in touch.

31 Jul

Compliance Outsourcing Interview by Nearshore Americas

‘The Professors’ were recently interviewed by Nearshore Americas to discuss the topic of outsourcing compliance programs. You can read the full article by clicking the image below.

 

 

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25 Jul

‘The Professors’ to Present at 2014 Risk Summit for Nonprofits

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Dr. Nitish Singh and Tom Bussen were invited to present at the Non-Profit Risk Management Center’s 2014 Risk Summit for Nonprofits in Chicago. They will be running a workshop on the usage of psychometric testing in relation to risk perception and attitudes.

Using Psychometric Testing to Understand Risk Perceptions and Attitudes

Featuring: Dr. Nitish Singh, Assoc. Professor St. Louis University & Compliance Consultant, St. Louis, MO and Tom Bussen, VP, Integ Tree, St. Louis, MO

Understanding underlying risk perceptions and attitudes is key to designing an effective risk management program in a nonprofit. Attend this workshop to learn how to use psychometric testing to surface perceptions and better understand hidden attitudinal and organizational bottlenecks in your risk management program. Not only can these tests be used to determine the susceptibility of risks in a nonprofit, they can also help you assess organizational health and readiness for a deeper commitment to risk management.

You can learn more about the summit by clicking on the image below.

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11 Jul

BNP Compliance Officers Were Fine With Some Non-Compliance

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(Bloomberg View, July 1, 2014)

Some of you may have read about the $9 bn fine assessed to BNP Paribas for violating U.S. trade sanctions. This is an important story. But perhaps the story that should really hit home is the conscious disregard for the law that BNP seems to have shown. As reported by Bloomberg View, top management signed off on the decision to violate U,S. laws, knowing, all the while, that they were engaging in illegal activity. You can read the full article, but a few points worth highlighting:

  • BNP knew they were acting illegally. They disregarded the law because:

a) they didn’t want to harm their reputation with existing customers

b) they disagreed with the law.

  • As a result, BNP was fined $9bn, which is nearly its entire 2013 pre-tax earnings and certainly more than it gained from its illegal deals.
  • Another part of the settlement: firing “a bunch of people”.
  • To make matters worse, compliance signed off on these deals.

Let’s make a few things clear. BNP lost much more than it gained, and many employees lost even more. As for those compliance people, have no doubt that their careers are done and over. They blew it.

BNP-Paribas recently pled guilty to violating these sanctions.

We should all learn from this. As an employee, don’t assume that everything is okay just because the higher ups are signing off. It may not be. And as a manager or member of the compliance unit, ask what went wrong. How do so many high level individuals within a company expressly disobey a law simply because they don’t agree with it? And how, most importantly from a compliance perspective, do your compliance folks sign off on the illegal deals?

They reiterate the importance of ethical training. They reiterate that compliance departments, difficult as it may be to quantify their value adding properties, stand for the premise that compliance failures are costly endeavors. The reported actions of BNP Paribas, whether accurate or not, scream corporate dysfunction and cultural toxicity.

Sign up for our professional newsletter by clicking here, and learn how to protect your company from compliance and ethics failures.