Close Search
 
MEDIA, JOBS & RESOURCES for the COMMON GOOD

Top 10 challenges for Ethics & Compliance Executives


27 May 2010 at 1:09 pm
Staff Reporter
UK's Ethical Corporation reveals the top ten challenges currently facing ethics and compliance executives.

Staff Reporter | 27 May 2010 at 1:09 pm


0 Comments


 Print
Top 10 challenges for Ethics & Compliance Executives
27 May 2010 at 1:09 pm

UK’s Ethical Corporation reveals the top ten challenges currently facing ethics and compliance executives.

In the run up to the 3rd Global Anti-Corruption Summit, ethics and compliance executives from a cross-section of sectors were asked what they think ‘the biggest challenge currently facing ethics & compliance professionals is’.

Replies came from companies such as Tata Steel, General Electric, DHL, Imperial Tobacco, Transparency International, Teco Energy, Weatherford, Novo Nordisk, Marriott.

According to the responses received, the top ten challenges currently facing Ethics and Compliance managers are:

  1. Getting employee buy-in and commitment to true ethical behaviour
  2. Getting support from top management and changing the view of compliance function as a mere cost centre
  3. Fighting against the existing ‘turn-a-blind-eye’ culture, and the way ‘business has always been done’
  4. Managing an effective global program that complies with different and sometimes contradicting local laws
  5. Keeping abreast of ever increasing legislation and ensuring that new requirements are always met
  6. Managing an effective compliance program in a resource constrained environment
  7. Managing rapidly changing stakeholder expectations and avoiding negative media publicity as a result
  8. Increased liability of individual prosecution under tough legislative regime
  9. Educating, monitoring and managing activities of third parties to ensure compliance
  10. Defining ‘adequate’ for your company’s compliance efforts, how do you know you’re doing enough?

The top 3 answers came from 35 percent of responses received. Ethical Corporation says it received 134 responses from senior ethics and compliance executives.

The above topics will be discussed and debated in more detail at the upcoming 3rd Global Anti-Corruption Summit (June 23-24, Washington DC ).

For more information click here. 

 



PB Careers
Get your biweekly dose of news, opinion and analysis to keep you up to date with what’s happening and why it matters for you, sent every Tuesday and Thursday morning.

Got a story to share?

Got a news tip or article idea for Pro Bono News? Or perhaps you would like to write an article and join a growing community of sector leaders sharing their thoughts and analysis with Pro Bono News readers? Get in touch at news@probonoaustralia.com.au or download our contributor guidelines.

Get more stories like this

FREE SOCIAL
SECTOR NEWS

Your email address will not be published. Required fields are marked *



YOU MAY ALSO LIKE

Foundation Moves to Multi-Year Charity Support

Lina Caneva

Tuesday, 14th February 2017 at 3:55 pm

Professionalisation of Charities? Perhaps Not So Scary After All

Lisa Grinham

Tuesday, 6th September 2016 at 10:42 am

Social Enterprise Award Recognises Impact on Women

Ellie Cooper

Wednesday, 27th July 2016 at 9:10 am

Victoria Issues Green Bonds to Fund Enviro Projects

Lina Caneva

Thursday, 21st July 2016 at 2:31 pm

pba inverse logo
Subscribe Twitter Facebook
×

We need your help.

Since the outbreak of COVID-19, Pro Bono Australia has seen a devastating fall in advertising and less people posting on our job board, which is how we fund our free news service. You can show us that you value the work we do by making a contribution.

 Make a contribution 

You have Successfully Subscribed!