The chief aim of corporate compliance is to prevent, detect and correct problems before they lead to the stiff penalties the law imposes when the public is harmed, careers are ruined, and the impact of illegal acts lingers. In fact, the Federal Sentencing Guidelines reward firms whose compliance programs take defined steps
Last week, Oracle announced that it had hired Mark Hurd as one of the software giant’s presidents and a member of its Board of Directors. The move came a month after Hurd’s dismissal from Hewlett-Packard. This is a stunning, perhaps unparalleled, reversal of CEO fortunes. While Hurd’s undeniable business talents are not in question, Oracle’s
I saw the red light go off – it blinked rapidly, insistently. The vibration began a few seconds later. I looked down: “You need to call the office immediately. We have to talk.” I called in. You have to make a decision – now. I didn’t have time to think.
We need to banish soft skills at work. I’m not talking about the concept but the term. It’s misleading and counterproductive, making the underlying skills sound as if they are pointless, wasteful frills. Yet, any respected leader will tell you it’s the “soft skills” that distinguish effective leaders from outstanding operational
We’ve made ethics, compliance, and daily behavioral standards too complex. By trying to convey too much, we accomplish too little. We need to simplify messages, repeat them to make them memorable, and cut through the clutter of information that confuses rather than clarifies our objectives. That’s my simple message; the
The pharmaceutical firm that keeps selling a profitable medication though its researchers know it has significantly adverse side effects The hospital that tolerates physicians’ abusive behavior though aware of the distraction their conduct causes during day-to-day practice The automobile manufacturer that conceals a discovered defect that could cause fatalities rather
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